AU Small Finance Bank Ltd Q2FY22 net profit climbs QoQ to Rs. 278.51 crore

AU Small Finance Bank Limited has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1595.6493 crores during the period ended September 30, 2021 as compared to Rs. 1567.5540 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 278.5137 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 203.1979 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 8.81 for the period ended September 30, 2021 as compared to Rs. 6.43 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 1595.6493 crs	₹1567.5540 crs	1.79%
Net Profit	₹278.5137 crs	₹203.1979 crs	37.07%
EPS	₹8.81	₹6.43	37.01%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 1595.6493 crores during the period ended September 30, 2021 as compared to Rs.1473.4531 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.278.5137 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.321.8764 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.8.81 for the period ended September 30, 2021 as compared to Rs.10.47 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 1595.6493 crs	₹1473.4531 crs	8.29%
Net Profit	₹278.5137 crs	₹321.8764 crs	-13.47%
EPS	₹8.81	₹10.47	-15.85%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.3163.2033 crores during the 6 Months period ended September 30, 2021 as compared to Rs.2883.1022 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.481.7116 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.522.6851 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.15.23 for the 6 Months period ended September 30, 2021 as compared to Rs.17.01 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹3163.2033 crs	₹2883.1022 crs	9.72%
Net Profit	₹481.7116 crs	₹522.6851 crs	-7.84%
EPS	₹15.23	₹17.01	-10.46%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 1151.4478 crs	₹1495.9408 crs	₹423.1667 crs
Gross NPA %	3.16%	4.31%	1.54%
Net NPA	₹591.4773 crs	₹765.9881 crs	₹122.8272 crs
Net NPA %	1.65%	2.26%	0.45%

Gross NPA was at ₹ 1151.4478 crs in Q2 FY2022 against ₹ 423.1667 crs in Q2 FY2021. The same was at ₹ 1495.9408 crs in Q1 FY2022.

Net NPA was at ₹ 591.4773 crs in Q2 FY2022 against ₹ 122.8272 crs in Q2 FY2021. The same was at ₹ 765.9881 crs in Q1 FY2022.

GNPA was at 3.16% of Gross advances as on September 30, 2021 as compared to 1.54% as on September 30, 2020 and 4.31% as of June 30, 2021.

Net NPA was at 1.65% of Gross advances as on September 30, 2021 as compared to 0.45% as on September 30, 2020 and 2.26% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	0.53%	0.39%	0.73%
CAR (BASEL III) %	21.95%	23.07%	21.47%

Return on Average Assets (RoA) is at 0.53% for Q2 FY2022 against 0.39% in Q1 FY2022 and 0.73% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 21.95%, as compared to 23.07% in Q1 FY2022 and 21.47% in Q2 FY2021.

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 1226.30 as compared to the previous close of Rs. 1267.60. The total number of shares traded during the day was 64762 in over 4349 trades.

The stock hit an intraday high of Rs. 1298.70 and intraday low of 1214.00. The net turnover during the day was Rs. 81146811.00.

Source : Equity Bulls

Keywords

AUSmallFinanceBank Q2FY22 H1FY22 ResultUpdate