Stock Report

The Karnataka Bank Ltd posts consolidated PAT of Rs. 411.47 crores in Q2 FY2023

Posted On : 2022-11-01 21:29:30( TIMEZONE : IST )

The Karnataka Bank Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 2031.09 crores during the period ended September 30, 2022 as compared to Rs. 1761.87 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 411.47 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 114.05 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 13.17 for the period ended September 30, 2022 as compared to Rs. 3.65 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 2031.09 crs	₹1761.87 crs	15.28%
Net Profit	₹411.47 crs	₹114.05 crs	260.78%
EPS	₹13.17	₹3.65	260.82%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 2031.09 crores during the period ended September 30, 2022 as compared to Rs.1829.13 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.411.47 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.125.45 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.13.17 for the period ended September 30, 2022 as compared to Rs.4.02 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 2031.09 crs	₹1829.13 crs	11.04%
Net Profit	₹411.47 crs	₹125.45 crs	228.00%
EPS	₹13.17	₹4.02	227.61%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.3792.96 crores during the 6 Months period ended September 30, 2022 as compared to Rs.3578.25 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.525.52 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.231.36 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.16.82 for the 6 Months period ended September 30, 2022 as compared to Rs.7.41 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹3792.96 crs	₹3578.25 crs	6.00%
Net Profit	₹525.52 crs	₹231.36 crs	127.14%
EPS	₹16.82	₹7.41	126.99%

Asset Quality:

Asset Quality	Q2 FY2023	Q1 FY2023	Q2 FY2022
Gross NPA	₹2051.70 crs	₹2401.39 crs	₹2501.12 crs
Gross NPA %	3.36%	4.03%	4.52%
Net NPA	₹1028.47 crs	₹1262.88 crs	₹1550.97 crs
Net NPA %	1.72%	2.16%	2.85%

Gross NPA was at ₹ 2051.70 crs in Q2 FY2023 against ₹ 2501.12 crs in Q2 FY2022. The same was at ₹ 2401.39 crs in Q1 FY2023.

Net NPA was at ₹ 1028.47 crs in Q2 FY2023 against ₹ 1550.97 crs in Q2 FY2022. The same was at ₹ 1262.88 crs in Q1 FY2023.

GNPA was at 3.36% of Gross advances as on September 30, 2022 as compared to 4.52% as on September 30, 2021 and 4.03% as of June 30, 2022.

Net NPA was at 1.72% of Gross advances as on September 30, 2022 as compared to 2.85% as on September 30, 2021 and 2.16% as of June 30, 2022.

Ratios	Q2 FY2023	Q1 FY2023	Q2 FY2022
RoA %	1.70%	0.49%	0.57%
CAR (BASEL III) %	15.28%	15.51%	14.48%

Return on Average Assets (RoA) is at 1.70% for Q2 FY2023 against 0.49% in Q1 FY2023 and 0.57% in Q2 FY2022.

In Q2 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 15.28%, as compared to 15.51% in Q1 FY2023 and 14.48% in Q2 FY2022.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 93.80 as compared to the previous close of Rs. 96.65. The total number of shares traded during the day was 329903 in over 3226 trades.

The stock hit an intraday high of Rs. 97.50 and intraday low of 92.25. The net turnover during the day was Rs. 31330065.00.