Stock Report

City Union Bank reports net profit of Rs. 218.04 crores in Q4 FY2023

Posted On : 2023-05-28 23:10:58( TIMEZONE : IST )

City Union 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. 1423.0906 crores during the period ended March 31, 2023 as compared to Rs. 1429.9761 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 218.0433 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 217.8387 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 2.92 for the period ended March 31, 2023 as compared to Rs. 2.92 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹1423.0906 crs	₹1429.9761 crs	-0.48%
Net Profit	₹218.0433 crs	₹217.8387 crs	0.09%
EPS	₹2.92	₹2.92	0.00%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.1423.0906 crores during the period ended March 31, 2023 as compared to Rs.1252.8731 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.218.0433 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.208.9569 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.2.92 for the period ended March 31, 2023 as compared to Rs.2.80 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹1423.0906 crs	₹1252.8731 crs	13.59%
Net Profit	₹218.0433 crs	₹208.9569 crs	4.35%
EPS	₹2.92	₹2.80	4.29%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.5524.6964 crores during the Financial Year ended March 31, 2023 as compared to Rs.4863.8629 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.937.4795 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.760.1651 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.12.57 for the Financial Year ended March 31, 2023 as compared to Rs.10.18 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹5524.6964 crs	₹4863.8629 crs	13.59%
Net Profit	₹937.4795 crs	₹760.1651 crs	23.33%
EPS	₹12.57	₹10.18	23.48%

Asset Quality:

Asset Quality	Q4 FY2023	Q3 FY2023	Q4 FY2022
Gross NPA	₹1920.1635 crs	₹1988.6650 crs	₹1933.1774 crs
Gross NPA %	4.37%	4.62%	4.70%
Net NPA	₹1017.6366 crs	₹1124.4719 crs	₹1191.1005 crs
Net NPA %	2.36%	2.67%	2.95%

Gross NPA was at ₹ 1920.1635 crs in Q4 FY2023 against ₹ 1933.1774 crs in Q4 FY2022. The same was at ₹ 1988.6650 crs in Q3 FY2023.

Net NPA was at ₹ 1017.6366 crs in Q4 FY2023 against ₹ 1191.1005 crs in Q4 FY2022. The same was at ₹ 1124.4719 crs in Q3 FY2023.

GNPA was at 4.37% of Gross advances as on March 31, 2023 as compared to 4.70% as on March 31, 2022 and 4.62% as of December 31, 2022.

Net NPA was at 2.36% of Gross advances as on March 31, 2023 as compared to 2.95% as on March 31, 2022 and 2.67% as of December 31, 2022.

Ratios	Q4 FY2023	Q3 FY2023	Q4 FY2022
RoA %	1.33%	1.34%	1.42%
CAR (BASEL III) %	22.34%	20.47%	20.85%

Return on Average Assets (RoA) is at 1.33% for Q4 FY2023 against 1.34% in Q3 FY2023 and 1.42% in Q4 FY2022.

In Q4 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 22.34%, as compared to 20.47% in Q3 FY2023 and 20.85% in Q4 FY2022.

Shares of City Union Bank Limited was last trading in BSE at Rs. 137.45 as compared to the previous close of Rs. 139.95. The total number of shares traded during the day was 79374 in over 960 trades.

The stock hit an intraday high of Rs. 140.05 and intraday low of 136.10. The net turnover during the day was Rs. 10920726.00.