AU Small Finance Bank's Q3FY19 standalone net profit rises 20.8% yoy to Rs95.30cr: Misses Estimates

The lender’s standalone NII in the quarter stood at Rs348cr, up 38.96% yoy and 8.4% qoq.

Jan 17, 2019 11:01 IST India Infoline Research Team

AU Small Finance Bank Q3FY19

Standalone Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
NII 348 39.0
Net Profit (adjusted) 95.30 20.8

AU Small Finance Bank's revenue in Q3FY19 improved 56.8% yoy to Rs894.3cr. Its NII for the quarter was up 38.9% yoy at Rs348cr as against Rs250.4cr last year. Its net profit in Q3FY19 was slightly below the consensus estimates due to lower-than-expected operating profit, which improved 20.8% yoy to Rs95.3cr against Rs79cr last year. Its GNPA was recorded at 2.09% as against 2.03% qoq, an increase of 6bps. NNPA for the quarter came in at 1.31% against 1.28% qoq, an increased of 3bps.
  • The provision for the quarter came in at Rs32.4cr as against Rs35cr qoq.
  • Its capital adequacy ratio for the quarter stands at 19.02%.

Technical View:

AU Small Finance Bank Ltd share price ended at Rs654.15, up 4.8 points, or 0.74%, from its previous close of Rs. 649.35 on the BSE. The scrip opened at Rs655.60 and touched a high and low of Rs661.50 and Rs650.75, respectively. A total of 4,16,346 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200-DMA.

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