AU Small Finance Bank Ltd Q2 FY2023 net profit rises to Rs. 342.59 crores

AU Small Finance Bank Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 2239.6463 crores during the period ended September 30, 2022 as compared to Rs. 1979.3498 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 342.5987 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 267.8663 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 5.24 for the period ended September 30, 2022 as compared to Rs. 4.22 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 2239.6463 crs	₹1979.3498 crs	13.15%
Net Profit	₹342.5987 crs	₹ 267.8663 crs	27.90%
EPS	₹5.24	₹4.22	24.17%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 2239.6463 crores during the period ended September 30, 2022 as compared to Rs.1596.6763 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.342.5987 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.278.5137 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.5.24 for the period ended September 30, 2022 as compared to Rs.4.40 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 2239.6463 crs	₹1596.6763 crs	40.27%
Net Profit	₹342.5987 crs	₹278.5137 crs	23.01%
EPS	₹5.24	₹4.40	19.09%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.4218.9961 crores during the 6 Months period ended September 30, 2022 as compared to Rs.3164.9229 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.610.4650 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.481.7116 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.9.47 for the 6 Months period ended September 30, 2022 as compared to Rs.7.61 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹4218.9961 crs	₹3164.9229 crs	33.30%
Net Profit	₹610.4650 crs	₹481.7116 crs	26.73%
EPS	₹9.47	₹7.61	24.44%

Asset Quality:

Asset Quality	Q2 FY2023	Q1 FY2023	Q2 FY2022
Gross NPA	₹996.7026 crs	₹969.6187 crs	₹1151.4478 crs
Gross NPA %	1.90%	1.96%	3.16%
Net NPA	₹288.2237 crs	₹274.8330 crs	₹591.4773 crs
Net NPA %	0.56%	0.56%	1.65%

Gross NPA was at ₹ 996.7026 crs in Q2 FY2023 against ₹ 1151.4478 crs in Q2 FY2022. The same was at ₹ 969.6187 crs in Q1 FY2023.

Net NPA was at ₹ 288.2237 crs in Q2 FY2023 against ₹ 591.4773 crs in Q2 FY2022. The same was at ₹ 274.8330 crs in Q1 FY2023.

GNPA was at 1.90% of Gross advances as on September 30, 2022 as compared to 3.16% as on September 30, 2021 and 1.96% as of June 30, 2022.

Net NPA was at 0.56% of Gross advances as on September 30, 2022 as compared to 1.65% as on September 30, 2021 and 0.56% as of June 30, 2022.

Ratios	Q2 FY2023	Q1 FY2023	Q2 FY2022
RoA %	0.46%	0.38%	0.53%
CAR (BASEL III) %	23.36%	19.36%	21.95%

Return on Average Assets (RoA) is at 0.46% for Q2 FY2023 against 0.38% in Q1 FY2023 and 0.53% in Q2 FY2022.

In Q2 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 23.36%, as compared to 19.36% in Q1 FY2023 and 21.95% in Q2 FY2022.

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 626.45 as compared to the previous close of Rs. 625.45. The total number of shares traded during the day was 37293 in over 1541 trades.

The stock hit an intraday high of Rs. 631.55 and intraday low of 616.40. The net turnover during the day was Rs. 23339502.00.

Source : Equity Bulls

Keywords

AUSmallFinanceBank Q2FY23 H1FY23 ResultUpdate