Capital Small Finance Bank Limited has announced its unaudited financial results for the second quarter ending September 30, 2024, reporting a strong 37% year-on-year growth in profit after tax (PAT) and improved asset quality.
Key Financial Highlights:
- Net Profit: The bank recorded a net profit of ₹33.3 crore in Q2 FY25, reflecting a 37% year-on-year increase from the same period last year.
- Return on Assets (ROA): ROA improved to 1.4%, up from 1.1% in Q2 FY24.
- Gross Advances: The bank’s gross advances grew by 15% year-on-year to ₹6,718 crore, with a 5% increase on a quarter-on-quarter basis.
- Gross NPA: Asset quality saw an improvement, with gross non-performing assets (NPA) reducing to 2.6% from 2.7% in Q2 FY24, while net NPA stood at 1.3%.
Other Highlights:
- Deposits: Deposits increased by 11% year-on-year to ₹7,780 crore, with 93.7% being retail deposits.
- Net Interest Margin (NIM): NIM rose to 4.2% in Q2 FY25, compared to 4.0% in the same quarter last year.
- Cost-to-Income Ratio: The bank’s cost-to-income ratio improved to 61.4%, down from 64.8% in Q2 FY24.
- Capital Adequacy: The capital adequacy ratio remained strong at 26.3%.
- CASA Ratio: The bank maintained a healthy CASA ratio of 37.1%, up from 37.8% a year ago.
Mr. Sarvjit Singh Samra, Managing Director & CEO of Capital Small Finance Bank, emphasized the bank’s focus on maintaining asset quality while continuing its growth trajectory. He also highlighted the strong performance across key metrics, which align with the bank’s strategic focus on empowering MSMEs, farmers, and middle-income customers.
TOPICS:
Capital Small Finance Bank