AU Small Finance Bank’s net profit rose by 105 per cent to Rs 346 crore for the fourth quarter ended March 2022 (Q4FY22) on improvement in interest margins.
Its net profit for FY22 was up 88 per cent to Rs 1,130 crore from Rs 600 crore for FY21.
The board of directors has recommended a dividend of one rupee per equity share (10 per cent of face value) on pre-bonus share capital for FY22. The board also recommended a bonus issue of one equity share for every one equity share held. The firm's stock closed 3.71 per cent higher at