- Net income was 5.03 billion rupees, up 30% year-over-year, and exceeded the estimate of 4.84 billion rupees.
- Gross non-performing assets increased to 1.78% from 1.67% in the previous quarter.
- Interest income surged 53% year-over-year to 37.7 billion rupees, surpassing the estimate of 28.62 billion rupees.
- Interest expense also rose 53% year-over-year to 18.5 billion rupees, slightly higher than the estimate of 17.71 billion rupees.
- Operating profit grew 81% year-over-year to 9.88 billion rupees, beating the estimate of 8.54 billion rupees.
- Other income increased by 73% year-over-year to 5.46 billion rupees.
- Provisions increased to 3.19 billion rupees from 1.33 billion rupees in the previous quarter, surpassing the estimate of 2.23 billion rupees.
- Shares fell 4.2% to 631.65 rupees with 2.4 million shares traded.
- Analyst ratings include 12 buys, 7 holds, and 5 sells.
A look at AU Small Finance Bank Limited Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have evaluated AU Small Finance Bank Limited and have provided an overall positive outlook based on their Smart Scores. The bank received a high score in momentum, indicating strong performance trends that could potentially continue in the future. This suggests a promising trajectory for AU Small Finance Bank as it moves forward.
With moderate scores in value and growth, AU Small Finance Bank is seen as having solid fundamentals and potential for expansion. However, lower scores in dividend and resilience may indicate areas where the bank could focus on improving in the long term. Overall, AU Small Finance Bank Limited, operating as a commercial bank in India, offers a range of financial products and services to its customers, positioning itself in a competitive market with room for growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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