Bandhan Bank Q3 FY25 Results –
Key Highlights for the quarter ended December 31, 2024:
- Net Interest Income (NII): ₹2,830 crore, a 12% YoY increase from ₹2,525 crore in Q3 FY24.
- Net Profit: ₹426 crore, down 42% from ₹733 crore in Q3 FY24.
- Operating Profit: ₹2,021 crore, up 22% YoY compared to ₹1,655 crore.
- Gross NPA: Reduced to 4.7% from 7.0% YoY.
- Net NPA: Decreased to 1.3% from 2.2% in Q3 FY24.
- Provision (other than tax): ₹1,376 crore compared to ₹684 crore in Q3 FY24.
Growth in Deposits and Advances:
- Deposits: ₹1.41 lakh crore, up 20% YoY.
- Gross Advances: ₹1.32 lakh crore, reflecting a 14% growth YoY.
Operational Metrics:
- Net Interest Margin (NIM): 6.9%, lower than 7.2% in Q3 FY24.
- Provision Coverage Ratio (PCR): 85.4%, including technical write-offs.
The management attributed the profit decline to increased provisions but emphasized the positive growth in advances and asset quality improvement. The bank remains optimistic about sustainable growth with improved processes and a stronger loan portfolio.
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