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Bandhan Bank : Q1 2024 Financial Quarterly Report : YoY Revenue Up 22.4 %, QoQ Up 6.68 %

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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Revenue over the Year and quarter: The company experienced a substantial growth of 22.4 % in the past year, substantial increase in revenue by 6.68 %.
  • Profit over the Year and quarter: Significant improvement in profitability for Bandhan Bank Limited. Notable increase of 47.49 % in net profit Year to Year, Bandhan Bank Limited’s profitability increased by 1846.66 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 47.32 % Year to Year. EPS increased by 1841.18 % in previous quarter. Positive impact on shareholders.
  • Gross NPA % over the Year and quarter: Gross NPA escalated by 10.16 % this quarter. Leading to a -37.43 % reduction over the past year.
  • Net NPA % over the Year and quarter: Net NPA increased by 3.6 % this quarter. Contributing to an overall annual reduction of -47.25 %.

The comprehensive analytics outlining the performance and outlook of Bandhan Bank Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Revenue Rs. 4522.91 Cr Rs. 5189.34 Cr Rs. 5535.82 Cr + 6.68 % + 22.4 %
Interest Rs. 2032.29 Cr Rs. 2323.07 Cr Rs. 2530.8 Cr + 8.94 % + 24.53 %
Expenses Rs. 1915.53 Cr Rs. 3496.24 Cr Rs. 2114.67 Cr -39.52 % + 10.4 %
Financing Profit Rs. 575.09 Cr Rs. -629.97 Cr Rs. 890.35 Cr + 241.33 % + 54.82 %
Financing Margin % 12.72 % -12.14 % 16.08 % + 28.22 % + 3.36 %
Other Income Rs. 385.12 Cr Rs. 694.12 Cr Rs. 527.54 Cr -24 % + 36.98 %
Depreciation Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Profit before tax Rs. 960.21 Cr Rs. 64.15 Cr Rs. 1417.89 Cr + 2110.27 % + 47.66 %
Tax % 24.91 % 14.85 % 25 % + 10.15 % + 0.09 %
Net Profit Rs. 721.05 Cr Rs. 54.63 Cr Rs. 1063.46 Cr + 1846.66 % + 47.49 %
EPS in Rs Rs. 4.48 Rs. 0.34 Rs. 6.6 + 1841.18 % + 47.32 %
Gross NPA % 6.76 % 3.84 % 4.23 % + 0.39 % -2.53 %
Net NPA % 2.18 % 1.11 % 1.15 % + 0.04 % -1.03 %


Today, we’re looking at Bandhan Bank Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 22.4 %. However, it did see a marginal increase of 6.68 % from the previous quarter. Interest expenses surged remarkably by 8.94 % from the previous quarter, yet the year-over-year increase remains at a moderate 24.53 %. Expenses decreased slightly by -39.52 % quarter-on-quarter, aligning with the annual rise of 10.4 %.
Financing profit, while up 54.82 % compared to last year, faced a quarter-on-quarter increase of 241.33 %, signaling a short-term expansion in margins. The Financing Margin % echoes this narrative, showing resilience on an annual basis with an increase of 3.36 %, but an expansion of 28.22 % sequentially. Other income fell by -24 % compared to the last quarter, despite an annual growth of 36.98 %. Profit before tax grew annually by 47.66 % but saw an increase from the preceding quarter by 2110.27 %. Tax expenses as a percentage of profits increased slightly by 0.09 % compared to last year, With a more notable quarter-on-quarter increase of 10.15 %.
Net profit rose by 47.49 % year-on-year, but experienced a 1846.66 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 47.32 % but a quarterly rise of 1841.18 %. The Gross NPA% illustrates a promising trend with a quarterly rise of 0.39 % and an annual decline of -2.53 %, pointing to weakening recovery efforts and a deteriorating credit environment. In contrast, the Net NPA% showcases improvements, revealing a quarterly increase of 0.04 % and an annual decline of -1.03 %, reflecting persistent vulnerabilities in asset quality and risk management. In summary, Bandhan 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. 4522.91 Cr Rs. 5189.34 Cr Rs. 5535.82 Cr + 6.68 % + 22.4 %
Interest Rs. 2032.29 Cr Rs. 2323.07 Cr Rs. 2530.8 Cr + 8.94 % + 24.53 %
Expenses Rs. 1915.53 Cr Rs. 3496.24 Cr Rs. 2114.67 Cr -39.52 % + 10.4 %
Financing Profit Rs. 575.09 Cr Rs. -629.97 Cr Rs. 890.35 Cr + 241.33 % + 54.82 %
Net Profit Rs. 721.05 Cr Rs. 54.63 Cr Rs. 1063.46 Cr + 1846.66 % + 47.49 %
EPS in Rs Rs. 4.48 Rs. 0.34 Rs. 6.6 + 1841.18 % + 47.32 %
Gross NPA % 6.76 % 3.84 % 4.23 % + 0.39 % -2.53 %
Net NPA % 2.18 % 1.11 % 1.15 % + 0.04 % -1.03 %


In reviewing Bandhan Bank Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 22.4 % year-on-year growth, however, there was a minor increase of 6.68 % from the previous quarter. Interest expenses climbed by 8.94 % quarterly and sharply by 24.53 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 10.4 % compared to the previous year, with a decrease of -39.52 % quarter-on-quarter. Financing Profit surged by 54.82 % annually, and saw a 241.33 % increase from the last quarter.
Net Profit showed yearly increase of 47.49 %, and experienced a 1846.66 % increase from the previous quarter. Earnings Per Share (EPS) rose by 47.32 % annually, however rose by 1841.18 % compared to the last quarter. Gross NPA% increased slightly by 0.39 % quarterly and fell by -2.53 % annually, showcasing improvements in asset quality. Net NPA% improved by 0.04 % quarterly and decreased by -1.03 % annually, showcasing effective recovery and risk management strategies. In essence, while Bandhan Bank Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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