Bandhan Bank sinks to Q2FY22 loss of Rs. 3008.59 crore

Bandhan 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. 3672.5130 crores during the period ended September 30, 2021 as compared to Rs. 4010.1012 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. -3008.5996 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 373.0815 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. -18.68 for the period ended September 30, 2021 as compared to Rs. 2.32 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 3672.5130 crs	₹4010.1012 crs	-8.42%
Net Profit	₹-3008.5996 crs	₹ 373.0815 crs	-906.42%
EPS	₹-18.68	₹2.32	-905.17%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 3672.5130 crores during the period ended September 30, 2021 as compared to Rs.3564.4582 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-3008.5996 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.920.0147 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.-18.68 for the period ended September 30, 2021 as compared to Rs.5.71 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 3672.5130 crs	₹3564.4582 crs	3.03%
Net Profit	₹-3008.5996 crs	₹920.0147 crs	-427.02%
EPS	₹-18.68	₹5.71	-427.15%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.7682.6142 crores during the 6 Months period ended September 30, 2021 as compared to Rs.6966.2505 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-2635.5181 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.1469.8329 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.-16.36 for the 6 Months period ended September 30, 2021 as compared to Rs.9.13 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹7682.6142 crs	₹6966.2505 crs	10.28%
Net Profit	₹-2635.5181 crs	₹1469.8329 crs	-279.31%
EPS	₹-16.36	₹9.13	-279.19%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 8763.6025 crs	₹6440.3803 crs	₹873.9706 crs
Gross NPA %	10.82%	8.18%	1.18%
Net NPA	₹2265.8089 crs	₹2457.8651 crs	₹262.5463 crs
Net NPA %	3.04%	3.29%	0.36%

Gross NPA was at ₹ 8763.6025 crs in Q2 FY2022 against ₹ 873.9706 crs in Q2 FY2021. The same was at ₹ 6440.3803 crs in Q1 FY2022.

Net NPA was at ₹ 2265.8089 crs in Q2 FY2022 against ₹ 262.5463 crs in Q2 FY2021. The same was at ₹ 2457.8651 crs in Q1 FY2022.

GNPA was at 10.82% of Gross advances as on September 30, 2021 as compared to 1.18% as on September 30, 2020 and 8.18% as of June 30, 2021.

Net NPA was at 3.04% of Gross advances as on September 30, 2021 as compared to 0.36% as on September 30, 2020 and 3.29% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	-2.64%	0.33%	0.90%
CAR (BASEL III) %	20.44%	24.81%	25.68%

Return on Average Assets (RoA) is at -2.64% for Q2 FY2022 against 0.33% in Q1 FY2022 and 0.90% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 20.44%, as compared to 24.81% in Q1 FY2022 and 25.68% in Q2 FY2021.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 291.50 as compared to the previous close of Rs. 298.55. The total number of shares traded during the day was 579611 in over 11598 trades.

The stock hit an intraday high of Rs. 303.25 and intraday low of 290.45. The net turnover during the day was Rs. 171475005.00.

Source : Equity Bulls

Keywords

BandhanBank Q2FY22 H1FY22 ResultUpdate