Bandhan Financial institution Q3 End result: 42% drop in December quarter, enchancment in asset high quality – INA NEWS
Bandhan Financial institution Q3 End result: Bandhan Financial institution acquired robust shock within the December quarter. The financial institution’s web revenue fell 42 per cent to Rs 426 crore on an annual foundation. The financial institution acquired a web revenue of Rs 733 crore in the identical quarter of the final monetary yr 2024. The financial institution right this moment launched the outcomes of the third quarter of October-December 2024 of the present monetary yr 2024-25 after the closure of the fairness market. Earlier, the financial institution’s inventory within the inventory market has closed at Rs 151.45 (Bandhan Financial institution Share Worth) with a achieve of two.19 per cent on BSE. It had jumped 2.97 per cent in intra-day to Rs 152.60.
Bandhan Financial institution Q3 End result: Particular issues
Within the December quarter, Bandhan Financial institution’s web revenue fell 42 per cent to Rs 426 crore on an annual foundation. Nonetheless, the financial institution’s web revenue rose by 12 per cent to Rs 2830 crore from the curiosity. On the similar time, there’s an enchancment in asset high quality. Gross NPA fell from 7 p.c to 4.7 p.c and NPA fell from 2.2 per cent to 1.3 per cent. Internet Curiosity Margin fell from 7.2 per cent to six.9 per cent. Provisions elevated from Rs 684 crore to Rs 1376 crore. The working revenue rose 22 per cent to Rs 2021 crore. Gross Advances rose 14 per cent to Rs 1.32 lakh crore.
How was the transfer of shares in a yr?
Bandhan Financial institution shares had been at Rs 232.50 on 2 February 2024 final yr, which is a one -year document excessive degree for its shares. This rise of shares stopped right here and in 11 months from this excessive degree, it slipped greater than 41 per cent to Rs 137.05 on 13 January 2025, which is a document low of 1 yr for its shares. On the decrease degree, greater than 10 per cent restoration was recovered on the idea of shares and purchases, however nonetheless it’s about 35 per cent draw back from one yr of highs.
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Bandhan Financial institution Q3 End result: 42% drop in December quarter, enchancment in asset high quality
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