The bank's overall interest and non-interest income increased 7.57% YoY to ₹10,433 crore during the March quarter from ₹9,699 crore a year earlier in the same period.
The Gross Written Premium (GWP) in the March quarter was at ₹2,652 crore, indicating a robust 13.5% rise year-on-year.
The EBITDA margin was better at 78% against 72.6% during the same quarter last year, reflecting better operational efficiency.
The growth in revenue was aided by a steep increase in demand for products such as Current Account Savings Account (CASA) and Cash Management Services (CMS)
The net profit of CSB Bank for the March quarter increased to ₹190 crore, from ₹151.5 crore reported last year during the corresponding period.
The net profit of the bank for the last quarter of FY25 was of ₹652 crore, or 23.98% more than that recorded last.
The board of directors of the company has proposed a final dividend of ₹7.50 per share for the year ended March 31, 2024
ICICI Bank is the only stock that hits 52-week high in Sensex and Nifty
Here are some of the stocks that may see significant price movement today: Bajaj Finance, BPCL, Praj Industries, etc.
EBITDA margin dipped to 53.7% reflecting a dent in profitability levels from 60% in this quarter last year.
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