Bandhan Bank Q2 FY2022-23 net profit at Rs. 209.27 crores

Bandhan 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. 4249.8670 crores during the period ended September 30, 2022 as compared to Rs. 4385.0498 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 209.2738 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 886.5044 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 1.30 for the period ended September 30, 2022 as compared to Rs. 5.50 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹4249.8670 crs	₹4385.0498 crs	-3.08%
Net Profit	₹209.2738 crs	₹886.5044 crs	-76.39%
EPS	₹1.30	₹5.50	-76.36%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs.4249.8670 crores during the period ended September 30, 2022 as compared to Rs.3705.3881 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.209.2738 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-3008.5996 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.1.30 for the period ended September 30, 2022 as compared to Rs.-18.68 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹4249.8670 crs	₹3705.3881 crs	14.69%
Net Profit	₹209.2738 crs	₹-3008.5996 crs	106.96%
EPS	₹1.30	₹-18.68	106.96%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.8634.9168 crores during the 6 Months period ended September 30, 2022 as compared to Rs.7732.2824 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.1095.7782 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-2635.5181 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.6.80 for the 6 Months period ended September 30, 2022 as compared to Rs.-16.36 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹8634.9168 crs	₹7732.2824 crs	11.67%
Net Profit	₹1095.7782 crs	₹-2635.5181 crs	141.58%
EPS	₹6.80	₹-16.36	141.56%

Asset Quality:

Asset Quality	Q2 FY2023	Q1 FY2023	Q2 FY2022
Gross NPA	₹6853.8503 crs	₹6967.5464 crs	₹8763.6025 crs
Gross NPA %	7.19%	7.25%	10.82%
Net NPA	₹1678.1568 crs	₹1749.0720 crs	₹2265.8089 crs
Net NPA %	1.86%	1.92%	3.04%

Gross NPA was at ₹ 6853.8503 crs in Q2 FY2023 against ₹ 8763.6025 crs in Q2 FY2022. The same was at ₹ 6967.5464 crs in Q1 FY2023.

Net NPA was at ₹ 1678.1568 crs in Q2 FY2023 against ₹ 2265.8089 crs in Q2 FY2022. The same was at ₹ 1749.0720 crs in Q1 FY2023.

GNPA was at 7.19% of Gross advances as on September 30, 2022 as compared to 10.82% as on September 30, 2021 and 7.25% as of June 30, 2022.

Net NPA was at 1.86% of Gross advances as on September 30, 2022 as compared to 3.04% as on September 30, 2021 and 1.92% as of June 30, 2022.

Ratios	Q2 FY2023	Q1 FY2023	Q2 FY2022
RoA %	0.15%	0.63%	-2.64%
CAR (BASEL III) %	19.37%	19.44%	20.44%

Return on Average Assets (RoA) is at 0.15% for Q2 FY2023 against 0.63% in Q1 FY2023 and -2.64% in Q2 FY2022.

In Q2 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 19.37%, as compared to 19.44% in Q1 FY2023 and 20.44% in Q2 FY2022.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 270.95 as compared to the previous close of Rs. 267.70. The total number of shares traded during the day was 223708 in over 3997 trades.

The stock hit an intraday high of Rs. 274.70 and intraday low of 267.55. The net turnover during the day was Rs. 60660615.00.

Source : Equity Bulls

Keywords

BandhanBank Q2FY23 H1FY23 ResultUpdate