Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 24.38 % in the past year, substantial increase in revenue by 3.42 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for AU Small Finance Bank Limited. Profit dropped by -12.69 % Year to Year, AU Small Finance Bank Limited’s profitability dropped by -1.2 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -13.03 % Year to Year. EPS decreased by -1.25 % in previous quarter. Analysis needed for shareholder value.
- Gross NPA % over the Year and quarter: Gross NPA decreased by -15.66 % this quarter. Cumulating to a 0.6 % increase over the past year.
- Net NPA % over the Year and quarter: Net NPA decreased by -19.12 % this quarter. Resulting in an overall annual rise of 30.95 %.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 2274.852 Cr | Rs. 2735.82 Cr | Rs. 2829.5 Cr | + 3.42 % | + 24.38 % |
Interest | Rs. 1061.649 Cr | Rs. 1410.946 Cr | Rs. 1492.469 Cr | + 5.78 % | + 40.58 % |
Expenses | Rs. 1016.224 Cr | Rs. 1276.417 Cr | Rs. 1361.008 Cr | + 6.63 % | + 33.93 % |
Financing Profit | Rs. 196.979 Cr | Rs. 48.457 Cr | Rs. -23.977 Cr | -149.48 % | -112.17 % |
Financing Margin % | 8.66 % | 1.77 % | -0.85 % | -2.62 % | -9.51 % |
Other Income | Rs. 333.06 Cr | Rs. 449.691 Cr | Rs. 555.619 Cr | + 23.56 % | + 66.82 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 530.039 Cr | Rs. 498.148 Cr | Rs. 531.642 Cr | + 6.72 % | + 0.3 % |
Tax % | 19.89 % | 24.67 % | 15.82 % | -8.85 % | -4.07 % |
Net Profit | Rs. 424.63 Cr | Rs. 375.25 Cr | Rs. 370.74 Cr | -1.2 % | -12.69 % |
EPS in Rs | Rs. 6.37 | Rs. 5.61 | Rs. 5.54 | -1.25 % | -13.03 % |
Gross NPA % | 1.66 % | 1.98 % | 1.67 % | -0.31 % | + 0.01 % |
Net NPA % | 0.42 % | 0.68 % | 0.55 % | -0.13 % | + 0.13 % |
Today, we’re looking at AU Small Finance Bank Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 24.38 %. However, it did see a marginal increase of 3.42 % from the previous quarter. Interest expenses surged remarkably by 5.78 % from the previous quarter, yet the year-over-year increase remains at a moderate 40.58 %. Expenses ticked up slightly by 6.63 % quarter-on-quarter, aligning with the annual rise of 33.93 %.
Financing profit, while down -112.17 % compared to last year, faced a quarter-on-quarter dip of -149.48 %, signaling a short-term contraction in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -9.51 %, but a shrinkage of -2.62 % sequentially. Other income rose by 23.56 % compared to the last quarter, despite an annual growth of 66.82 %. Profit before tax grew annually by 0.3 % but saw an increase from the preceding quarter by 6.72 %. Tax expenses as a percentage of profits decreased slightly by -4.07 % compared to last year, with a more notable quarter-on-quarter decrease of -8.85 %.
Net profit fell by -12.69 % year-on-year, but witnessed a -1.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -13.03 % but a quarterly fall of -1.25 %. The Gross NPA % indicates concerning trends with a quarterly drop of -0.31 % and an annual boost of 0.01 %, signaling robust recovery strategies and a strengthening credit environment. In contrast, the Net NPA% exposes underlying challenges, showing a quarterly decrease of -0.13 % and an annual growth of 0.13 %, signaling enhanced asset quality and stronger risk management. In summary, AU Small Finance Bank Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 2274.852 Cr | Rs. 2735.82 Cr | Rs. 2829.5 Cr | + 3.42 % | + 24.38 % |
Interest | Rs. 1061.649 Cr | Rs. 1410.946 Cr | Rs. 1492.469 Cr | + 5.78 % | + 40.58 % |
Expenses | Rs. 1016.224 Cr | Rs. 1276.417 Cr | Rs. 1361.008 Cr | + 6.63 % | + 33.93 % |
Financing Profit | Rs. 196.979 Cr | Rs. 48.457 Cr | Rs. -23.977 Cr | -149.48 % | -112.17 % |
Net Profit | Rs. 424.63 Cr | Rs. 375.25 Cr | Rs. 370.74 Cr | -1.2 % | -12.69 % |
EPS in Rs | Rs. 6.37 | Rs. 5.61 | Rs. 5.54 | -1.25 % | -13.03 % |
Gross NPA % | 1.66 % | 1.98 % | 1.67 % | -0.31 % | + 0.01 % |
Net NPA % | 0.42 % | 0.68 % | 0.55 % | -0.13 % | + 0.13 % |
In reviewing AU Small Finance Bank Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 24.38 % year-on-year growth, however, there was a minor increase of 3.42 % from the previous quarter. Interest expenses climbed by 5.78 % quarterly and sharply by 40.58 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 33.93 % compared to the previous year, with a 6.63 % increase quarter-on-quarter. Financing Profit dropped by -112.17 % annually, and saw a -149.48 % decrease from the last quarter.
Net Profit showed yearly decrease of -12.69 %, and experienced a -1.2 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -13.03 % annually, however dipped by -1.25 % compared to the last quarter. Gross NPA% decreased by -0.31 % quarterly and rose by 0.01 % annually, indicating growing challenges in asset quality. Net NPA% worsened by -0.13 % quarterly and increased by 0.13 % annually, indicating challenges in recovery and risk management strategies. In essence, while AU Small Finance Bank Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.