Bandhan Bank Ltd Q4FY23 Net Profit climbs QoQ to Rs. 808.29 crores

Bandhan Bank Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 4897.3892 crores during the period ended March 31, 2023 as compared to Rs. 4840.9443 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 808.2903 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 290.5695 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 5.02 for the period ended March 31, 2023 as compared to Rs. 1.81 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹4897.3892 crs	₹4840.9443 crs	1.17%
Net Profit	₹808.2903 crs	₹290.5695 crs	178.17%
EPS	₹5.02	₹1.81	177.35%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.4897.3892 crores during the period ended March 31, 2023 as compared to Rs.4844.0199 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.808.2903 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.1902.3420 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.5.02 for the period ended March 31, 2023 as compared to Rs.11.81 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹4897.3892 crs	₹4844.0199 crs	1.10%
Net Profit	₹808.2903 crs	₹1902.3420 crs	-57.51%
EPS	₹5.02	₹11.81	-57.49%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.18373.2503 crores during the Financial Year ended March 31, 2023 as compared to Rs.16694.0655 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.2194.6380 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.125.7940 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.13.62 for the Financial Year ended March 31, 2023 as compared to Rs.0.78 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹18373.2503 crs	₹16694.0655 crs	10.06%
Net Profit	₹2194.6380 crs	₹125.7940 crs	1,644.63%
EPS	₹13.62	₹0.78	1,646.15%

Asset Quality:

Asset Quality	Q4 FY2023	Q3 FY2023	Q4 FY2022
Gross NPA	₹5298.6247 crs	₹6964.7624 crs	₹6380.0008 crs
Gross NPA %	4.87%	7.15%	6.46%
Net NPA	₹1228.2740 crs	₹1711.2958 crs	₹1564.2328 crs
Net NPA %	1.17%	1.86%	1.66%

Gross NPA was at ₹ 5298.6247 crs in Q4 FY2023 against ₹ 6380.0008 crs in Q4 FY2022. The same was at ₹ 6964.7624 crs in Q3 FY2023.

Net NPA was at ₹ 1228.2740 crs in Q4 FY2023 against ₹ 1564.2328 crs in Q4 FY2022. The same was at ₹ 1711.2958 crs in Q3 FY2023.

GNPA was at 4.87% of Gross advances as on March 31, 2023 as compared to 6.46% as on March 31, 2022 and 7.15% as of December 31, 2022.

Net NPA was at 1.17% of Gross advances as on March 31, 2023 as compared to 1.66% as on March 31, 2022 and 1.86% as of December 31, 2022.

Ratios	Q4 FY2023	Q3 FY2023	Q4 FY2022
RoA %	0.55%	0.21%	1.47%
CAR (BASEL III) %	19.76%	19.10%	20.10%

Return on Average Assets (RoA) is at 0.55% for Q4 FY2023 against 0.21% in Q3 FY2023 and 1.47% in Q4 FY2022.

In Q4 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 19.76%, as compared to 19.10% in Q3 FY2023 and 20.10% in Q4 FY2022.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 244.00 as compared to the previous close of Rs. 243.65. The total number of shares traded during the day was 265030 in over 4270 trades.

The stock hit an intraday high of Rs. 248.15 and intraday low of 243.30. The net turnover during the day was Rs. 65186735.00.

Source : Equity Bulls

Keywords

BandhanBank Q4FY23 FY2023 ResultUpdate