Bandhan Bank Ltd Q3 FY2022-23 net profit up QoQ at Rs. 290.56 crores

Bandhan Bank Limited has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 4840.9443 crores during the period ended December 31, 2022 as compared to Rs. 4249.8670 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 290.5695 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 209.2738 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.81 for the period ended December 31, 2022 as compared to Rs. 1.30 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹4840.9443 crs	₹4249.8670 crs	13.91%
Net Profit	₹290.5695 crs	₹209.2738 crs	38.85%
EPS	₹1.81	₹1.30	39.23%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.4840.9443 crores during the period ended December 31, 2022 as compared to Rs.4117.7632 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.290.5695 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.858.9701 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.81 for the period ended December 31, 2022 as compared to Rs.5.33 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹4840.9443 crs	₹4117.7632 crs	17.56%
Net Profit	₹290.5695 crs	₹858.9701 crs	-66.17%
EPS	₹1.81	₹5.33	-66.04%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.13475.8611 crores during the 9 Months period ended December 31, 2022 as compared to Rs.11850.0456 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1386.3477 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-1776.5480 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.8.61 for the 9 Months period ended December 31, 2022 as compared to Rs.-11.03 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹13475.8611 crs	₹11850.0456 crs	13.72%
Net Profit	₹1386.3477 crs	₹-1776.5480 crs	178.04%
EPS	₹8.61	₹-11.03	178.06%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹6964.7624 crs	₹6853.8503 crs	₹9441.5694 crs
Gross NPA %	7.15%	7.19%	10.81%
Net NPA	₹1711.2958 crs	₹1678.1568 crs	₹2413.1259 crs
Net NPA %	1.86%	1.86%	3.01%

Gross NPA was at ₹ 6964.7624 crs in Q3 FY2023 against ₹ 9441.5694 crs in Q3 FY2022. The same was at ₹ 6853.8503 crs in Q2 FY2023.

Net NPA was at ₹ 1711.2958 crs in Q3 FY2023 against ₹ 2413.1259 crs in Q3 FY2022. The same was at ₹ 1678.1568 crs in Q2 FY2023.

GNPA was at 7.15% of Gross advances as on December 31, 2022 as compared to 10.81% as on December 31, 2021 and 7.19% as of September 30, 2022.

Net NPA was at 1.86% of Gross advances as on December 31, 2022 as compared to 3.01% as on December 31, 2021 and 1.86% as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	0.21%	0.15%	0.72%
CAR (BASEL III) %	19.10%	19.37%	20%

Return on Average Assets (RoA) is at 0.21% for Q3 FY2023 against 0.15% in Q2 FY2023 and 0.72% in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 19.10%, as compared to 19.37% in Q2 FY2023 and 20% in Q3 FY2022.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 237.05 as compared to the previous close of Rs. 236.20. The total number of shares traded during the day was 289520 in over 4394 trades.

The stock hit an intraday high of Rs. 241.55 and intraday low of 232.65. The net turnover during the day was Rs. 68275261.00.

Source : Equity Bulls

Keywords

BandhanBank Q3FY23 9MFY23 ResultUpdate