AU Small Finance Bank Ltd reports net profit of Rs. 424.63 crores in Q4 FY2023

AU Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 2607.9123 crores during the period ended March 31, 2023 as compared to Rs. 2412.9642 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 424.6322 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 392.8282 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 6.34 for the period ended March 31, 2023 as compared to Rs. 5.87 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹2607.9123 crs	₹2412.9642 crs	8.08%
Net Profit	₹424.6322 crs	₹392.8282 crs	8.10%
EPS	₹6.34	₹5.87	8.01%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.2607.9123 crores during the period ended March 31, 2023 as compared to Rs.1978.4073 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.424.6322 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.346.0749 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.6.34 for the period ended March 31, 2023 as compared to Rs.5.46 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹2607.9123 crs	₹1978.4073 crs	31.82%
Net Profit	₹424.6322 crs	₹346.0749 crs	22.70%
EPS	₹6.34	₹5.46	16.12%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.9239.8725 crores during the Financial Year ended March 31, 2023 as compared to Rs.6915.4249 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.1427.9253 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.1129.8342 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.21.74 for the Financial Year ended March 31, 2023 as compared to Rs.17.85 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹9239.8725 crs	₹6915.4249 crs	33.61%
Net Profit	₹1427.9253 crs	₹1129.8342 crs	26.38%
EPS	₹21.74	₹17.85	21.79%

Asset Quality:

Asset Quality	Q4 FY2023	Q3 FY2023	Q4 FY2022
Gross NPA	₹981.3126 crs	₹1018.8585 crs	₹924.3782 crs
Gross NPA %	1.66%	1.81%	1.98%
Net NPA	₹245.1588 crs	₹284.5633 crs	₹230.8455 crs
Net NPA %	0.42%	0.51%	0.50%

Gross NPA was at ₹ 981.3126 crs in Q4 FY2023 against ₹ 924.3782 crs in Q4 FY2022. The same was at ₹ 1018.8585 crs in Q3 FY2023.

Net NPA was at ₹ 245.1588 crs in Q4 FY2023 against ₹ 230.8455 crs in Q4 FY2022. The same was at ₹ 284.5633 crs in Q3 FY2023.

GNPA was at 1.66% of Gross advances as on March 31, 2023 as compared to 1.98% as on March 31, 2022 and 1.81% as of December 31, 2022.

Net NPA was at 0.42% of Gross advances as on March 31, 2023 as compared to 0.50% as on March 31, 2022 and 0.51% as of December 31, 2022.

Ratios	Q4 FY2023	Q3 FY2023	Q4 FY2022
RoA %	0.50%	0.50%	0.54%
CAR (BASEL III) %	23.59%	21.97%	20.99%

Return on Average Assets (RoA) is at 0.50% for Q4 FY2023 against 0.50% in Q3 FY2023 and 0.54% in Q4 FY2022.

In Q4 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 23.59%, as compared to 21.97% in Q3 FY2023 and 20.99% in Q4 FY2022.

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 660.00 as compared to the previous close of Rs. 664.00. The total number of shares traded during the day was 41174 in over 2357 trades.

The stock hit an intraday high of Rs. 669.90 and intraday low of 658.55. The net turnover during the day was Rs. 27235897.00.

Source : Equity Bulls

Keywords

AUSmallFinanceBank Q4FY23 FY2023 ResultUpdate