AU Small Finance Bank Ltd Q2 net profit jumps to Rs. 321.87 crore

AU Small Finance Bank Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1498.14 crores during the period ended September 30, 2020 as compared to Rs.1409.91 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.321.87 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.200.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.10.47 for the period ended September 30, 2020 as compared to Rs.6.52 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 1498.14 crs	₹ 1409.91 crs	6.26%
Net Profit	₹ 321.87 crs	₹ 200.80 crs	60.29%
EPS	₹ 10.47	₹ 6.52	60.58%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1498.14 crores during the period ended September 30, 2020 as compared to Rs.1184.21 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.321.87 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.171.94 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.10.47 for the period ended September 30, 2020 as compared to Rs.5.79 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 1498.14 crs	₹ 1184.21 crs	26.51%
Net Profit	₹ 321.87 crs	₹ 171.94 crs	87.2%
EPS	₹ 10.47	₹ 5.79	80.83%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2908.05 crores during the 6 months period ended September 30, 2020 as compared to Rs.2352.54 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.522.68 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.362.26 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.17.01 for the 6 months period ended September 30, 2020 as compared to Rs.12.20 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 2908.05 crs	₹ 2352.54 crs	23.61%
Net Profit	₹ 522.68 crs	₹ 362.26 crs	44.28%
EPS	₹ 17.01	₹12.20	39.43%

Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, "The on-ground situation has considerably improved in Q2FY21 and we saw positive momentum across all key metrices which include our Digital Banking journey, activity levels, collection efficiencies, retail deposits, and disbursements. Various pro-active initiatives taken by the Government and RBI have helped to mitigate the pandemic impact on borrowers. Further, AU Bank remains actively engaged to help affected customers. During these challenging times, the Bank stood tall and the team worked with courage and zeal on the ground, and we remain deeply committed to serve society with utmost dedication and agility."

Shares of AU Small Finance Bank Ltd was last trading in BSE at Rs.799.3 as compared to the previous close of Rs. 789.95. The total number of shares traded during the day was 54573 in over 3492 trades.

The stock hit an intraday high of Rs. 811.75 and intraday low of 781.5. The net turnover during the day was Rs. 43827958.

Source : Equity Bulls

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