Share the post "Bandhan Bank : Q1 2024 Financial Quarterly Report : YoY Revenue Up 22.4 %, QoQ Up 6.68 %"
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 %.
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.