Stock Report

Central Bank of India Ltd posts consolidated PAT of Rs. 494.98 crores in Q1FY24



Posted On : 2023-07-17 17:32:58( TIMEZONE : IST )

Central Bank of India Ltd posts consolidated PAT of Rs. 494.98 crores in Q1FY24

Central Bank of India has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 8218.02 crores during the period ended June 30, 2023 as compared to Rs. 8595.68 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 494.98 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 591 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.57 for the period ended June 30, 2023 as compared to Rs. 0.68 for the period ended March 31, 2023.

Financials Q1 FY2024 Q4 FY2023 % Change
Total Income ₹ 8218.02 crs ₹8595.68 crs Up Tick / Down Tick-4.39%
Net Profit ₹494.98 crs ₹591 crs Up Tick / Down Tick-16.25%
EPS ₹0.57 ₹0.68 Up Tick / Down Tick-16.18%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 8218.02 crores during the period ended June 30, 2023 as compared to Rs.6387.24 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.494.98 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.272.90 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.57 for the period ended June 30, 2023 as compared to Rs.0.31 for the period ended June 30, 2022.

Financials Q1 FY2024 Q1 FY2023 % Change
Total Income ₹ 8218.02 crs ₹6387.24 crs Up Tick / Down Tick28.66%
Net Profit ₹494.98 crs ₹272.90 crs Up Tick / Down Tick81.38%
EPS ₹0.57 ₹0.31 Up Tick / Down Tick83.87%

Asset Quality:

Asset Quality Q1 FY2024 Q4 FY2023 Q1 FY2023
Gross NPA ₹10947.84 crs ₹18436.48 crs ₹29064.90 crs
Gross NPA % 4.95% 8.41% 14.84%
Net NPA ₹3757.30 crs ₹3627.22 crs ₹6817.65 crs
Net NPA % 1.75% 1.77% 3.93%


Gross NPA was at ₹ 10947.84 crs in Q1 FY2024 against ₹ 29064.90 crs in Q1 FY2023. The same was at ₹ 18436.48 crs in Q4 FY2023.

Net NPA was at ₹ 3757.30 crs in Q1 FY2024 against ₹ 6817.65 crs in Q1 FY2023. The same was at ₹ 3627.22 crs in Q4 FY2023.

GNPA was at 4.95% of Gross advances as on June 30, 2023 as compared to 14.84% as on June 30, 2022 and 8.41% as of March 31, 2023.

Net NPA was at 1.75% of Gross advances as on June 30, 2023 as compared to 3.93% as on June 30, 2022 and 1.77% as of March 31, 2023.

Ratios Q1 FY2024 Q4 FY2023 Q1 FY2023
RoA % 0.51% 0.63% 0.31%
CAR (BASEL III) % 14.42% 14.12% 13.33%


Return on Average Assets (RoA) is at 0.51% for Q1 FY2024 against 0.63% in Q4 FY2023 and 0.31% in Q1 FY2023.

In Q1 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 14.42%, as compared to 14.12% in Q4 FY2023 and 13.33% in Q1 FY2023.

Shares of Central Bank of India was last trading in BSE at Rs. 31.59 as compared to the previous close of Rs. 30.37. The total number of shares traded during the day was 2538165 in over 4659 trades.

The stock hit an intraday high of Rs. 32.59 and intraday low of 30.42. The net turnover during the day was Rs. 80136132.00.

Source : Equity Bulls

Keywords

CentralBankofIndia Q1FY24 ResultUpdate