Revenues from operations rose 3 per cent during the quarter to Rs 348 crore
'Export demand sluggishness may have bottomed out'
AU Small Finance Bank on Tuesday reported its highest ever quarterly profit of Rs 425 crore in March quarter, up 23 per cent year-on-year. The bank's net profit was Rs 346 crore in the year-ago quarter. It's net profit for the full financial year 2022-23 stood at Rs 1,428 crore, up 26 per cent year-on-year, the lender said in a statement. Bank's asset quality improved with gross NPA at 1.66 per cent in March 2023 as against 1.98 per cent in March 2022. Net NPA stood at 0.42 per cent of net advances in March 2023 as against 0.50 per cent in the year-ago period. It further said the net interest margin for 2022-23 was maintained at 6.1 per cent (including assigned/securitised book). Bank's total balance sheet grew by 31 per cent year-on-year to Rs 90,216 crore. Deposits grew by 32 per cent year-on-year to Rs 69,365 crore. "Amidst a difficult market, we have managed to grow our deposit book while keeping our CASA ratio stable and making our deposits more granular and retail. Our ass
Net interest income - the difference between interest earned and interest expanded - was Rs 1213 crore for the Q4, up 30% from the same period of the previous financial year
The revenue from the India segment rose 13.3% to Rs 1,468 crore
Consolidated net profit rose to Rs 589 crore ($71.90 million) in the quarter ended March 31 from Rs 266 crore a year earlier
The company, which owns the eponymous Tata Tea and Tata Salt brands, said its consolidated net profit rose 23% to Rs 269 crore ($32.85 million) in the quarter ended March 31.
The growth in profits and revenue come on the back of a 4 per cent rise in the average assets managed by the AMC
This helped total revenue from operations rise nearly 12% to Rs 8,905 crore
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Analysts indicate that in future, gross margins might come under pressure
Private sector lender says it will expand its branch network to gain consumer confidence and help home loan business
The bank's board of directors has also recommended a dividend of Rs 14 per equity share
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Board recommends final dividend of Rs 5 per equity share, in addition to interim of Rs 5 per share paid before
Bank has announced a dividend of Rs 1.3 per share with a face value of Rs 10
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Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.