AU Small Finance Bank has reported its financial results for the quarter ended December 31, 2024, showcasing strong growth across several key parameters.
Key Financial Highlights:
- Net Interest Income (NII): ₹1,64,092.94 lakh (₹1,640.93 crore), a robust 37.5% YoY increase from ₹1,19,386.36 lakh (₹1,193.86 crore) in Q3 FY24.
- Net Profit: ₹52,844.65 lakh (₹528.45 crore), up 38.5% YoY from ₹38,060.92 lakh (₹380.61 crore) in Q3 FY24.
- Total Income: ₹4,73,188.52 lakh (₹4,731.89 crore), reflecting a 48.5% YoY increase from ₹3,17,805.46 lakh (₹3,178.05 crore) in Q3 FY24.
- Operating Profit Before Provisions: ₹1,20,490.50 lakh (₹1,204.91 crore), up 26.5% YoY from ₹94,962.80 lakh (₹949.63 crore).
Key Ratios:
- Net Interest Margin (NIM): Improved to 7.10%, compared to 6.75% in Q3 FY24.
- Gross Non-Performing Assets (GNPA): Reduced to 2.31%, a decline from 2.98% in the previous year.
- Net Non-Performing Assets (NNPA): Lowered to 0.91%, compared to 1.25% in Q3 FY24.
Operational Highlights:
- The bank witnessed an increase in its customer deposits and advances, driven by its focus on technology integration and customer acquisition.
- Operating expenses grew by 15.5% YoY due to investments in infrastructure and technology enhancements.
TOPICS:
AU Small finance bank