City Union Bank shares jumped more than 10% in morning trade after the company reported positive results. The company reported a net profit of ₹285.2 crore in the last quarter, up 1.6% year on year and 8% quarter on quarter.
Key Highlights –
Revenue and Profitability Overview:
- Interest Earned:
Q2 FY25: ₹1,433.95 crore
Q1 FY25: ₹1,388.64 crore
Q2 FY24: ₹1,304.05 crore
The bank’s interest earnings increased by 3.26% QoQ, from ₹1,38,864.30 lakh in Q1 FY25 to ₹1,43,394.58 lakh in Q2 FY25. Interest earned increased by 9.95% YoY, from ₹1,30,404.67 lakh in Q2 FY24.
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Total Income:
Q2 FY25: ₹1,660.27 crore
Q1 FY25: ₹1,580.77 crore
Q2 FY24: ₹1,486.11 crore
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