Shares of Bandhan Bank experienced a significant rise on Monday, climbing over 11% to ₹213 per share after the bank announced robust earnings for the first quarter of FY25. The surge comes as brokerages upgraded their ratings and increased target prices, driven by improved asset quality, strong topline growth, and substantial loan growth.
In its Q1FY25 financial results, Bandhan Bank reported a 47.5% year-on-year increase in net profit. The bank also saw its net interest income grow by 20.7% YoY, with the net interest margin remaining stable at 7.6% for the quarter ending in June.
Despite the positive earnings, the bank’s asset quality metrics showed a slight increase in gross non-performing assets (NPA), which rose to 4.23% from 3.84% in the previous quarter. However, the net NPA stood at 1.15% in Q1FY25, only slightly higher than the 1.11% reported in Q4FY24.
As of 12:13 PM, Bandhan Bank’s shares were trading 10.75% higher at ₹213.20 on the NSE.
