Stock Report

Bandhan Bank Ltd Q3FY21 net profit lower at Rs. 632.59 crore



Posted On : 2021-01-21 15:08:38( TIMEZONE : IST )

Bandhan Bank Ltd Q3FY21 net profit lower at Rs. 632.59 crore

Bandhan Bank Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3861.12 crores during the period ended December 31, 2020 as compared to Rs.3579.39 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.632.59 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.920.01 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.3.92 for the period ended December 31, 2020 as compared to Rs.5.71 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 3861.12 crs₹ 3579.39 crsUp Tick 7.87%
Net Profit₹ 632.59 crs₹ 920.01 crsDown Tick -31.24%
EPS₹ 3.92₹ 5.71Down Tick -31.35%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.3861.12 crores during the period ended December 31, 2020 as compared to Rs.3075.34 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.632.59 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.731.03 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.3.92 for the period ended December 31, 2020 as compared to Rs.4.52 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 3861.12 crs₹ 3075.34 crsUp Tick 25.55%
Net Profit₹ 632.59 crs₹ 731.03 crsDown Tick -13.47%
EPS₹ 3.92₹ 4.52Down Tick -13.27%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.10845.36 crores during the 9 months period ended December 31, 2020 as compared to Rs.9088.21 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.2102.42 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.2506.45 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.13.05 for the 9 months period ended December 31, 2020 as compared to Rs.15.50 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 10845.36 crs₹ 9088.21 crsUp Tick 19.33%
Net Profit₹ 2102.42 crs₹ 2506.45 crsDown Tick -16.12%
EPS₹ 13.05₹15.50Down Tick -15.81%

Commenting on the performance, Mr. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: "This quarter showed robust performance operationally backed by higher growth, lower cost of funds and aided non-interest income and strong retail deposits & CASA. During the quarter, we have further strengthened the balance sheet by taking accelerated additional provision on standard advances amounting to ₹ 1,000 crore taken for COVID-19. With Q4 historically been the best for us every financial year, we now look forward to similar performance in last quarter for this financial year as well."

Shares of Bandhan Bank Ltd was last trading in BSE at Rs.359.85 as compared to the previous close of Rs. 362.3. The total number of shares traded during the day was 1088018 in over 20271 trades.

The stock hit an intraday high of Rs. 367.25 and intraday low of 357.2. The net turnover during the day was Rs. 392752738.

Source : Equity Bulls

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