Stock Report

Bandhan Bank Q1 FY2023 net profit lower at Rs. 886.50 crores



Posted On : 2022-07-22 15:41:32( TIMEZONE : IST )

Bandhan Bank Q1 FY2023 net profit lower at Rs. 886.50 crores

Bandhan Bank Limited has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 4385.0498 crores during the period ended June 30, 2022 as compared to Rs. 4835.9672 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 886.5044 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 1902.3420 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 5.50 for the period ended June 30, 2022 as compared to Rs. 11.81 for the period ended March 31, 2022.

Financials Q1 FY2023 Q4 FY2022 % Change
Total Income ₹ 4385.0498 crs ₹4835.9672 crs Up Tick / Down Tick-9.32%
Net Profit ₹886.5044 crs ₹1902.3420 crs Up Tick / Down Tick-53.40%
EPS ₹5.50 ₹11.81 Up Tick / Down Tick-53.43%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 4385.0498 crores during the period ended June 30, 2022 as compared to Rs.4026.8943 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.886.5044 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.373.0815 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.5.50 for the period ended June 30, 2022 as compared to Rs.2.32 for the period ended June 30, 2021.

Financials Q1 FY2023 Q1 FY2022 % Change
Total Income ₹ 4385.0498 crs ₹4026.8943 crs Up Tick / Down Tick8.89%
Net Profit ₹886.5044 crs ₹373.0815 crs Up Tick / Down Tick137.62%
EPS ₹5.50 ₹2.32 Up Tick / Down Tick137.07%

Asset Quality:

Asset Quality Q1 FY2023 Q4 FY2022 Q1 FY2022
Gross NPA ₹6967.5464 crs ₹6380.0008 crs ₹6440.3803 crs
Gross NPA % 7.25% 6.46% 8.18%
Net NPA ₹1749.0720 crs ₹1564.2328 crs ₹2457.8651 crs
Net NPA % 1.92% 1.66% 3.29%


Gross NPA was at ₹ 6967.5464 crs in Q1 FY2023 against ₹ 6440.3803 crs in Q1 FY2022. The same was at ₹ 6380.0008 crs in Q4 FY2022.

Net NPA was at ₹ 1749.0720 crs in Q1 FY2023 against ₹ 2457.8651 crs in Q1 FY2022. The same was at ₹ 1564.2328 crs in Q4 FY2022.

GNPA was at 7.25% of Gross advances as on June 30, 2022 as compared to 8.18% as on June 30, 2021 and 6.46% as of March 31, 2022.

Net NPA was at 1.92% of Gross advances as on June 30, 2022 as compared to 3.29% as on June 30, 2021 and 1.66% as of March 31, 2022.

Ratios Q1 FY2023 Q4 FY2022 Q1 FY2022
RoA % 0.63% 1.47% 0.33%
CAR (BASEL III) % 19.44% 20.10% 24.81%


Return on Average Assets (RoA) is at 0.63% for Q1 FY2023 against 1.47% in Q4 FY2022 and 0.33% in Q1 FY2022.

In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 19.44%, as compared to 20.10% in Q4 FY2022 and 24.81% in Q1 FY2022.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 283.30 as compared to the previous close of Rs. 281.95. The total number of shares traded during the day was 106558 in over 2585 trades.

The stock hit an intraday high of Rs. 287.25 and intraday low of 279.00. The net turnover during the day was Rs. 30236374.00.

Source : Equity Bulls

Keywords

BandhanBank Q1FY23 ResultUpdate