RBL Bank Limited has reported its unaudited financial results for the third quarter ended December 31, 2024, highlighting steady operational growth despite profitability challenges. The quarter saw a significant improvement in asset quality metrics and stable income growth.
Key Financial Highlights (₹ in Crores):
- Net Interest Income (NII): ₹1,585 crore
- YoY: Increased by 2.6% (₹1,545 crore in Q2 FY25)
- Total Income: ₹4,609.66 crore
- QoQ: Growth of 3.6% (₹4,458.29 crore in Q2 FY25)
- YoY: Increased by 16.2% (₹3,968.95 crore in Q3 FY24)
- Net Profit: ₹32.63 crore
- QoQ: Declined by 85.4% (₹223.09 crore in Q2 FY25)
- YoY: Decreased by 85.9% (₹233.09 crore in Q3 FY24)
Asset Quality Metrics:
- Gross NPA: ₹2,701 crore (2.92%) vs ₹2,581 crore (2.88%) QoQ
- Net NPA: ₹481 crore (0.53%) vs ₹698 crore (0.79%) QoQ
- This marks a significant improvement in asset quality, reflecting the bank’s focus on reducing non-performing assets.
Expense Overview:
- Total Expenditure: ₹3,610 crore
- QoQ: Increased by 1.9% (₹3,543 crore in Q2 FY25)
- YoY: Rose by 12.7% (₹3,204 crore in Q3 FY24).
Nine-Month Performance (April-December 2024):
- Net Interest Income (NII): ₹4,770 crore, a growth of 12% YoY (₹4,260 crore).
- Total Income: ₹13,369 crore, showcasing YoY growth of 19% (₹11,223 crore).
- Net Profit: ₹81.53 crore, down 29.5% YoY (₹116.79 crore).
TOPICS:
RBL Bank