2025-03-11 23:02:24
Latest Post
Crizac Limited gets Sebi Nod for Rs 1,000 cr IPO
REC Limited inaugurates REC Experience Center
Hexaware Inaugurates Global Business Headquarters in Jersey City
HCLTech among Ethisphere's 2025 World's Most Ethical Companies®
Ind-Swift Laboratories Ltd receives 'Best Employer Brand - Punjab 2025' by World HRD Congress
Stock Report
Bandhan Bank reports drop in Q1FY24 PAT to Rs. 721.05 crores
Posted On : 2023-07-14 16:03:22( TIMEZONE : IST )
Bandhan Bank Limited has reported Standalone financial results for the period ended June 30, 2023.
Financial Results (Q1 FY2024) - QoQ Comparison
The company has reported total income of Rs. 4908.0291 crores during the period ended June 30, 2023 as compared to Rs. 4897.3892 crores during the period ended March 31, 2023.
The company has posted net profit / (loss) of Rs. 721.0536 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 808.2903 crores for the period ended March 31, 2023.
The company has reported EPS of Rs. 4.48 for the period ended June 30, 2023 as compared to Rs. 5.02 for the period ended March 31, 2023.
| Financials | Q1 FY2024 | Q4 FY2023 | % Change |
| Total Income | ₹ 4908.0291 crs | ₹4897.3892 crs |  0.22% |
| Net Profit | ₹721.0536 crs | ₹808.2903 crs |  -10.79% |
| EPS | ₹4.48 | ₹5.02 | -10.76% |
Financial Results (Q1 FY2024) - YoY Comparison
The company has reported total income of Rs. 4908.0291 crores during the period ended June 30, 2023 as compared to Rs.4385.1478 crores during the period ended June 30, 2022.
The company has posted net profit / (loss) of Rs.721.0536 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.886.5044 crores for the period ended June 30, 2022.
The company has reported EPS of Rs.4.48 for the period ended June 30, 2023 as compared to Rs.5.50 for the period ended June 30, 2022.
| Financials | Q1 FY2024 | Q1 FY2023 | % Change |
| Total Income | ₹ 4908.0291 crs | ₹4385.1478 crs | 11.92% |
| Net Profit | ₹721.0536 crs | ₹886.5044 crs | -18.66% |
| EPS | ₹4.48 | ₹5.50 | -18.55% |
Asset Quality:
| Asset Quality | Q1 FY2024 | Q4 FY2023 | Q1 FY2023 |
| Gross NPA | ₹6960.4018 crs | ₹5298.6247 crs | ₹6967.5464 crs |
| Gross NPA % | 6.76% | 4.87% | 7.25% |
| Net NPA | ₹2140.7086 crs | ₹1228.2740 crs | ₹1749.0720 crs |
| Net NPA % | 2.18% | 1.17% | 1.92% |
Gross NPA was at ₹ 6960.4018 crs in Q1 FY2024 against ₹ 6967.5464 crs in Q1 FY2023. The same was at ₹ 5298.6247 crs in Q4 FY2023.
Net NPA was at ₹ 2140.7086 crs in Q1 FY2024 against ₹ 1749.0720 crs in Q1 FY2023. The same was at ₹ 1228.2740 crs in Q4 FY2023.
GNPA was at 6.76% of Gross advances as on June 30, 2023 as compared to 7.25% as on June 30, 2022 and 4.87% as of March 31, 2023.
Net NPA was at 2.18% of Gross advances as on June 30, 2023 as compared to 1.92% as on June 30, 2022 and 1.17% as of March 31, 2023.
| Ratios | Q1 FY2024 | Q4 FY2023 | Q1 FY2023 |
| RoA % | 0.48% | 0.55% | 0.63% | CAR (BASEL III) % | 19.75% | 19.76% | 19.44% |
Return on Average Assets (RoA) is at 0.48% for Q1 FY2024 against 0.55% in Q4 FY2023 and 0.63% in Q1 FY2023.
In Q1 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 19.75%, as compared to 19.76% in Q4 FY2023 and 19.44% in Q1 FY2023.
Shares of Bandhan Bank Limited was last trading in BSE at Rs. 215.90 as compared to the previous close of Rs. 221.60. The total number of shares traded during the day was 361019 in over 5545 trades.
The stock hit an intraday high of Rs. 223.50 and intraday low of 215.15. The net turnover during the day was Rs. 79185022.00.
