Central Bank of India Q2FY23 PAT up 70% at Rs341.41 crore on higher yields on loans and investments

25 Oct 2022 , 12:59 AM

Central Bank reported 8.26% growth in total revenues for the September 2022 quarter on consolidated basis at Rs7,093cr.

Revenue growth was 11.05% in sequential terms. Like most of the other banks in the quarter,

Central Bank has also witnessed a sharp surge in yields on loans and also on investments amidst rising bond yields and repo rates.

While treasury revenue was sharply lower in the quarter on a yoy basis, the wholesale banking revenues were flat to positive while the retail banking revenues were sharply higher yoy.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 70.04% at Rs341.41cr on higher realizations on loans and investments.

In the quarter, only treasury made operating profits while retail and wholesale banking made operating losses. While retail banking dipped from profit to a loss, wholesale banking saw narrowing of losses.

PAT margins were higher at 4.81% in the Sep-22 quarter compared to 3.06% in Sep-21 quarter and 4.27% in June 2022 quarter. Gross NPAs are down nearly 600 bps but high at 9.64%.

Financial highlights for Sep-22 compared yoy and sequentially

	Central Bank
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 7,093.08	₹ 6,551.68	8.26%	₹ 6,387.24	11.05%
Net Profit (Rs cr)	₹ 341.41	₹ 200.78	70.04%	₹ 272.90	25.10%
Diluted EPS (Rs)	₹ 0.39	₹ 0.23		₹ 0.31
Net Margins	4.81%	3.06%		4.27%