Airtel Q3 Results
Bandhan Bank Q3 Results: Profit surges 2.5 times YoY to Rs 733 crore
The bank's net interest margin (NIM) for the quarter improved to 7.2% from 6.5% while credit cost eased to 2.5% from 6.4%. Provisions were at Rs 684 crore as compared with Rs 1542 crore.
Bandhan Bank Q3 Results: PAT soars 2.5x YoY to Rs 737 crore, NII grows 21%
Bandhan Bank's net interest income, the difference between interest earned and interest expended, grew by 21.4% YoY to Rs 2,525 crore. Pre-provision operating profit dropped by 14% YoY to Rs 1,655 crore, weighed down by higher operating expenses, which increased by 19% to Rs 1,415 crore.
Bandhan Bank rises over 5% after Q3 results. Time to buy, sell or hold?
"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said.
Bandhan Bank Q3 Results: Profit dips 66% YoY to Rs 291 crore; NII falls 2%
“The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of asset quality and stress, we see the worst is behind us and expect overall business momentum to remain robust from Q4 FY23 onwards," Bandhan Bank MD and CEO Chandra Shekhar Ghosh said.
Bandhan Bank Q3 preview: Higher credit costs, slippages to dent performance
According to the provisional updates, the bank’s advances rose 14% on year and 5% sequentially to Rs 1.01 lakh crore as on December 31. Total deposits grew by 21% YoY to Rs 1.02 lakh crore, of which, retail term deposits grew by 3% YoY to Rs 33,900 crore.
Bandhan Bank Q3 results: Net profit rises 36% to Rs 859 cr
Total income during the quarter under review increased by 7.7 per cent to Rs 2,837 crore from Rs 2,625 crore in the same period of 2020-21, Bandhan Bank said in a regulatory filing.
Bandhan Bank Q3 results: Net profit falls 13% on higher provisions
The Kolkata-based private lender reported its net profit at Rs 633 crore as against Rs 731 crore for the year ago period.
Bandhan Bank Q3 results: Profit more than doubles to Rs 731 crore
Non-interest income rose 52.99 per cent to Rs 358 crore from Rs 234 crore on a YoY basis. The company added 7.3 lakh customers during the quarter with total customer base at 1.9 crore as on December 31, the company said in a BSE filing.
Bandhan Bank reports 10% YoY jump in Q3 net at Rs 331 crore
The bank had posted a net profit of Rs 300.04 crore in the corresponding quarter last year.
