Shares of Capital Small Finance Bank were trading over 2% higher at ₹305.20 in early trade on Tuesday after the bank reported strong financial results for the third quarter ending December 30, 2024. The bank posted a 17% year-on-year (YoY) increase in net profit, reaching ₹34 crore compared to ₹29 crore in the same period last year.
Operating profit for the quarter surged by 20% to ₹48 crore, up from ₹40 crore a year ago, showcasing solid performance on operational metrics. The net interest margin (NIM) improved to 4.3% in Q3 FY25 from 3.9% YoY. Executive Director Munish Jain expressed confidence in further expanding the NIM to 4.4% in the next fiscal year, highlighting plans to grow the bank’s non-fund-based business.
The bank recorded a 19% YoY growth in advances, reaching ₹6,816 crore, with 99% of the portfolio secured. Deposits also grew by 12% to ₹8,384 crore, with the current and savings account (CASA) ratio standing at 39%. Managing Director Sarvjit Singh Samra emphasized that the bank’s strong customer relationships on both the asset and liability sides have contributed significantly to its successful deposit mobilization efforts.
Stock performance: The stock opened higher at ₹305.20, gaining 2.23% from the previous close of ₹298.55. With a day range of ₹300.95 to ₹308.60 and a market capitalization of ₹13.98 billion, Capital Small Finance Bank remains a key player in the small finance banking sector.
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