AU Small Finance Bank Ltd. reported a significant rise in profits for the first quarter of fiscal 2025, aligning with analysts’ expectations. The bank’s standalone net profit increased by 29.9% year-on-year, reaching Rs 502.57 crore for the quarter ended June. Analysts polled by Bloomberg had estimated a net profit of Rs 484 crore.
Key financial highlights from the Q1 results include:
– Net Interest Income (NII): Increased by 54% year-on-year to Rs 1,921 crore.
– Net Profit: Rose by 29.9% year-on-year to Rs 502.57 crore.
– Gross Non-Performing Assets (GNPA): Slightly increased to 1.78% from 1.67% in the previous quarter.
– Net Non-Performing Assets (NNPA): Also saw an increase, rising to 0.63% from 0.55% quarter-on-quarter.
The bank’s other income also grew significantly by 73% year-on-year, totaling Rs 546 crore. This growth was driven by higher fee income, third-party product distribution, and an increase in credit card-related income.
Despite the positive financial performance, the lender’s asset quality showed slight deterioration, with an uptick in both GNPA and NNPA ratios.
As of 10:45 AM, AU Small Finance Bank’s shares were trading 2.48% higher at ₹1,795.85 on NSE.
