Stock Report

AU Small Finance Bank Ltd Q1 FY2024 PAT slips QoQ to Rs. 386.89 crores

Posted On : 2023-07-22 16:38:07( TIMEZONE : IST )

AU Small Finance 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. 2773.4577 crores during the period ended June 30, 2023 as compared to Rs. 2607.9123 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 386.8963 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 424.6322 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 5.77 for the period ended June 30, 2023 as compared to Rs. 6.34 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 2773.4577 crs	₹2607.9123 crs	6.35%
Net Profit	₹386.8963 crs	₹424.6322 crs	-8.89%
EPS	₹5.77	₹6.34	-8.99%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 2773.4577 crores during the period ended June 30, 2023 as compared to Rs.1979.3498 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.386.8963 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.267.8663 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.5.77 for the period ended June 30, 2023 as compared to Rs.4.22 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 2773.4577 crs	₹1979.3498 crs	40.12%
Net Profit	₹386.8963 crs	₹267.8663 crs	44.44%
EPS	₹5.77	₹4.22	36.73%

Asset Quality:

Asset Quality	Q1 FY2024	Q4 FY2023	Q1 FY2023
Gross NPA	₹1121.2276 crs	₹981.3126 crs	₹969.6187 crs
Gross NPA %	1.76%	1.66%	1.96%
Net NPA	₹347.1463 crs	₹245.1588 crs	₹274.8330 crs
Net NPA %	0.55%	0.42%	0.56%

Gross NPA was at ₹ 1121.2276 crs in Q1 FY2024 against ₹ 969.6187 crs in Q1 FY2023. The same was at ₹ 981.3126 crs in Q4 FY2023.

Net NPA was at ₹ 347.1463 crs in Q1 FY2024 against ₹ 274.8330 crs in Q1 FY2023. The same was at ₹ 245.1588 crs in Q4 FY2023.

GNPA was at 1.76% of Gross advances as on June 30, 2023 as compared to 1.96% as on June 30, 2022 and 1.66% as of March 31, 2023.

Net NPA was at 0.55% of Gross advances as on June 30, 2023 as compared to 0.56% as on June 30, 2022 and 0.42% as of March 31, 2023.

Ratios	Q1 FY2024	Q4 FY2023	Q1 FY2023
RoA %	0.43%	0.50%	0.38%
CAR (BASEL III) %	21.46%	23.59%	19.36%

Return on Average Assets (RoA) is at 0.43% for Q1 FY2024 against 0.50% in Q4 FY2023 and 0.38% in Q1 FY2023.

In Q1 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 21.46%, as compared to 23.59% in Q4 FY2023 and 19.36% in Q1 FY2023.

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 765.10 as compared to the previous close of Rs. 772.25. The total number of shares traded during the day was 17617 in over 944 trades.

The stock hit an intraday high of Rs. 775.10 and intraday low of 761.65. The net turnover during the day was Rs. 13522710.00.