iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

RBL Bank Q3 PAT down -26.24% at Rs121.61cr on surge in employee costs and other expenses

29 Jan 2022 , 01:47 AM

RBL Bank Ltd reported 2.53% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs2,727.28cr. On a sequential basis, the revenues were higher for the quarter by 3.74%.

During the quarter, The company reported lower revenues from corporate banking and from treasury. However, income from retail banking was higher on yoy basis.

The EBIT situation is a little more telling. Corporate banking EBIT turned around to profit. However, there was a sharp fall of around 50% in retail banking EBIT and a 90% fall in treasury EBIT.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -26.24% at Rs121.61cr due to a 58% spike in other expenses and a small rise in employee costs.

Provisions were lower on a yoy basis but the sharp spike in other expenses to over Rs720cr is neither explained nor highlighted adequately.

Net margins tapered from 6.20% in the Dec-20 quarter to 4.46% in the Dec-21 quarter. Net margins were higher sequentially compared to just 0.37% due to a spike in provisions in the Sep-21 quarter.

Financial highlights for Dec-21 compared yoy and sequentially

RBL Bank Ltd
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Income (Rs cr) ₹ 2,727.28 ₹ 2,659.90 2.53% ₹ 2,629.08 3.74%
Net Profit (Rs cr) ₹ 121.61 ₹ 164.88 -26.24% ₹ 9.72 1151.13%
Diluted EPS (Rs) ₹ 2.02 ₹ 2.62 ₹ 0.16
Net Margins 4.46% 6.20% 0.37%

Related Tags

  • Banking sector
  • Q3 FY2022 results of RBL Bank Ltd
  • RBL Bank Ltd management
  • RBL Bank Ltd news
  • RBL Bank Ltd Q3
  • RBL Bank Ltd Q3FY22 Banking business
  • RBL Bank Ltd Q3FY22 PAT
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.