Stock Market update: AU Small Finance Bank shares on rally post strong Q3 results

The total income of AU Small Finance Bank Ltd in the quarter ending September 2021 was estimated to be around Rs. 1595.65 crores.

The share price of AU Small Finance Bank Ltd hit 10 weeks high on Tuesday’s trade. The shares surge by 4% and with over 52 points. The share price hit a high of Rs. 1296.50 per equity share. This has been the highest since October 22, 2021 when the share price hit at Rs. 1214.40 representing an increase of 1.65%.

The previous high of the shares of AU Bank was on August 24, 2021, when the share price went up to Rs. 1359.75 per equity share with an increase of 13.82%.

The total income of AU Small Finance Bank Ltd in the quarter ending September 2021 was estimated to be around Rs. 1595.65 crores. Whereas, it was Rs. 1498.15 crores in the same period of 2020. And, the total Profit after Tax was Rs. 278.51 crores in 2021, whereas, it was Rs. 321.88 in 2020 during the same period. Hence representing a decline in the PAT.

The net revenue of the year 2021, stood at Rs. 6,401.60 crores as compared to Rs. 4,991.98 crores the previous year, representing an increase of 28.24% in net revenue.

AU Small Finance Bank Limited is an Indian commercial bank. AU Small Finance Bank ranked 355 in the list of Fortune India 500 (2019) companies, with annual revenue of ₹3,410.87 crore (US$453 million) and Total B/S Assets of ₹31,198.68 crore (US$4.1 billion).

As of June 30, 2021, AU Small Finance Bank’s distribution network comprises 758 Banking Touchpoints, 23,486 employees spread across 15 states and two Union Territories with over 2 million customers. And it has a current market capitalization of Rs. 40,493.00 crores.

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