Stock Report

AU Small Finance Bank Ltd Q4FY24 PAT lower at Rs. 370.73 crores

Posted On : 2024-04-24 21:02:07( TIMEZONE : IST )

AU Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 3385.1188 crores during the period ended March 31, 2024 as compared to Rs. 3185.5113 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 370.7399 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 375.2479 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 5.52 for the period ended March 31, 2024 as compared to Rs. 5.58 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹3385.1188 crs	₹3185.5113 crs	6.27%
Net Profit	₹370.7399 crs	₹375.2479 crs	-1.20%
EPS	₹5.52	₹5.58	-1.08%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs.3385.1188 crores during the period ended March 31, 2024 as compared to Rs.2607.9123 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.370.7399 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.424.6322 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.5.52 for the period ended March 31, 2024 as compared to Rs.6.34 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹3385.1188 crs	₹2607.9123 crs	29.80%
Net Profit	₹370.7399 crs	₹424.6322 crs	-12.69%
EPS	₹5.52	₹6.34	-12.93%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.12300.6059 crores during the Financial Year ended March 31, 2024 as compared to Rs.9239.8725 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.1534.7190 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.1427.9253 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.22.86 for the Financial Year ended March 31, 2024 as compared to Rs.21.74 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹12300.6059 crs	₹9239.8725 crs	33.13%
Net Profit	₹1534.7190 crs	₹1427.9253 crs	7.48%
EPS	₹22.86	₹21.74	5.15%

Asset Quality:

Asset Quality	Q4 FY2024	Q3 FY2024	Q4 FY2023
Gross NPA	₹1237.4004 crs	₹1339.6827 crs	₹981.3126 crs
Gross NPA %	1.67%	1.98%	1.66%
Net NPA	₹400.9897 crs	₹456.1578 crs	₹245.1588 crs
Net NPA %	0.55%	0.68%	0.42%

Gross NPA was at ₹ 1237.4004 crs in Q4 FY2024 against ₹ 981.3126 crs in Q4 FY2023. The same was at ₹ 1339.6827 crs in Q3 FY2024.

Net NPA was at ₹ 400.9897 crs in Q4 FY2024 against ₹ 245.1588 crs in Q4 FY2023. The same was at ₹ 456.1578 crs in Q3 FY2024.

GNPA was at 1.67% of Gross advances as on March 31, 2024 as compared to 1.66% as on March 31, 2023 and 1.98% as of December 31, 2023.

Net NPA was at 0.55% of Gross advances as on March 31, 2024 as compared to 0.42% as on March 31, 2023 and 0.68% as of December 31, 2023.

Ratios	Q4 FY2024	Q3 FY2024	Q4 FY2023
RoA %	0.35%	0.38%	0.50%
CAR (BASEL III) %	20.06%	20.82%	23.59%

Return on Average Assets (RoA) is at 0.35% for Q4 FY2024 against 0.38% in Q3 FY2024 and 0.50% in Q4 FY2023.

In Q4 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 20.06%, as compared to 20.82% in Q3 FY2024 and 23.59% in Q4 FY2023.

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 617.90 as compared to the previous close of Rs. 609.25. The total number of shares traded during the day was 113566 in over 3129 trades.

The stock hit an intraday high of Rs. 621.70 and intraday low of 605.45. The net turnover during the day was Rs. 69425623.00.