RBL Bank Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|Net Profit (adjusted)||150||67|
RBL Bank reported its Q2FY18 numbers today. The NII for the quarter rose by 38% yoy to Rs 420 crore in Q2FY18 vs Rs.303 crore in previous year corresponding quarter. This was largely driven by 21% yoy increase in interest income to Rs.1091 crore.
Asset quality of the bank was stable in Q2FY18. GNPA’s as percentage to total advances rose by 34 bps to 1.44% vs 1.1% in Q2FY17. While net NPA also rose by 23 bps to 0.78% in Q2FY18 vs 0.55% in previous year corresponding quarter.
The provisions for the quarter rose by 51% to Rs.74.8 crore in Q2FY18 vs Rs.49.5 crore in Q2FY17.However, net profit for the quarter rose by 67% yoy to Rs.150 crore vs Rs.89 crore in Q2FY17.
Advances for the quarter also saw 35% qoq jump in the quarter to Rs.33576 crore vs Rs.24875 crore in Q2FY17. Further capital adequacy for the quarter also looks good at 15.95% vs 14.5% in Q2FY17.
RBL Bank Ltd ended at Rs. 524.45, down by 12.2 points or 2.27% from its previous closing of Rs. 536.65 on the BSE.
The scrip opened at Rs. 541.05 and touched a high and low of Rs. 552 and Rs. 517.75 respectively. A total of 25,39,131(NSE+BSE) shares were traded on the counter. The stock traded below its 100 DMA.
BSE 509.40 1.85 (0.36%)
NSE 509.70 1.45 (0.29%)
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