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Central Bank of India Q1FY22 consolidated net profit climbs to Rs. 250.27 crore



Posted On : 2021-07-28 16:27:25( TIMEZONE : IST )

Central Bank of India Q1FY22 consolidated net profit climbs to Rs. 250.27 crore

CENTRAL BANK OF INDIA has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.6269.14 crores during the period ended June 30, 2021 as compared to Rs.5795 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.250.27 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(1441.74) crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.36 for the period ended June 30, 2021 as compared to Rs.(2.45) for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 6269.14 crs₹ 5795 crsUp Tick 8.18%
Net Profit₹ 250.27 crs₹ (1441.74) crsUp Tick 117.36%
EPS₹ 0.36₹ (2.45)Up Tick 114.69%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.6269.14 crores during the period ended June 30, 2021 as compared to Rs.6751.86 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.250.27 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.147.21 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.36 for the period ended June 30, 2021 as compared to Rs.0.26 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 6269.14 crs₹ 6751.86 crsDown Tick -7.15%
Net Profit₹ 250.27 crs₹ 147.21 crsUp Tick 70.01%
EPS₹ 0.36₹ 0.26Up Tick 38.46%

- Total Business stood at ₹506712 crore as on June 30t h 2021, as against ₹497748 crore registering a growth of ₹8964 crore (1.80%) on Y-o-Y.

- Total deposits improved from ₹ 321252 Crore to ₹ 331483 Crore during Q1' 22 over Q1'21 registering a growth of ₹ 10231 Crore (3.18 %).

- CASA share in Total Core Deposits has improved from 47.30% to 49.20 % on Y-o-Y basis registering growth of 190 bps.

- Gross NPA improved from 18.10% to 15.92% on Y-o-Y basis registering an improvement of 218bps and from 16.55% to 15.92% on Q-o-Q basis registering an improvement of 63 bps.

- Net NPA improved from 6.76% to 5.09% on Y-o-Y basis registering an improvement of 167bps and from 5.77% to 5.09% on Q-o-Q basis registering an improvement of 68bps.

- Provision coverage ratio (PCR) improved from 79.12% to 84.28% on Y-o-Y basis registering an improvement of 516 bps and from 82.54% to 84.28% on Q-o-Q basis registering an improvement of 174 bps.

- Credit Cost improved from 1.16 % to 0.17 % during Q1'22 over Q1'21 on Y-o-Y basis.

- Slippage ratio increased to 0.95% during Q1'22 as against 0.02% during Q1'21 as there was moratorium granted by RBI due to COVID-19 pandemic in June'20 Quarter.

- CRAR improved from 11.50% to 14.88% on Y-o-Y basis registering an improvement of 338 bps and from 14.81% to 14.88% registering an improvement of 7 bps on Q-o-Q basis.

- Bank's Net worth has improved from ₹18660.50 crore as of June 30th 2020 to ₹22921.43 crore as on June 30th 2021 on standalone basis.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs. 24.8 as compared to the previous close of Rs. 24.9. The total number of shares traded during the day was 904757 in over 1517 trades.

The stock hit an intraday high of Rs. 25.5 and intraday low of 24.6. The net turnover during the day was Rs. 22658553.

Source : Equity Bulls

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