AU Small FInance BANK saw 26.51% higher revenues for the quarter ended Sep-20 at Rs1,498cr. Operating profit reported on a consolidated basis showed 67.92% yoy growth at Rs466cr. The Net profit for the Sep-20 quarter was up 87.2% yoy at Rs322cr.
The impact was visible on the margins too. Operating margins moved up by 750 bps to 31.13% while the net profit margins were up by 700 bps at 21.49% on a yoy basis. The growth on a yoy basis was on the back of improved asset quality too.
Here are the financial highlights
|
Particulars |
Sep-20 Quarter |
Growth (YOY) |
Growth (QOQ) |
|
Total Revenues |
Rs1,498cr |
+26.51% |
+6.26% |
|
Operating Profit |
Rs466cr |
+67.92% |
+4.65% |
|
Net Profits |
Rs322cr |
+87.20% |
+60.29% |
|
Key Ratios |
Sep-20 Quarter |
Sep-19 Quarter |
Jun-20 Quarter |
|
Diluted EPS |
Rs10.47 |
Rs5.79 |
Rs6.52 |
|
Operating Margins |
31.13% |
23.45% |
31.60% |
|
Net Profit Margin |
21.49% |
14.50% |
14.24% |
|
Gross NPA (%) |
1.54% |
2.01% |
1.69% |
|
Net NPA (%) |
0.45% |
1.14% |
0.62% |
|
Return on Assets |
0.73% |
0.49% |
0.46% |
Key takeaways from the Sep-20 quarter results
-
The big takeaway was the sharp fall in the gross NPA level to 1.54%. With substantial provisions already made, the net NPAs are now at just 0.45%. The ROA has, as a result, moved up sharply to 0.73%, much higher than private sector standards.
-
The CASA ratio which is the ratio of low cost current and savings account deposits in the overall mix is up from 16% to 21% of the mix, holding promise of further tempering of cost of funds for the SFB.
-
The overall AUM has moved up to Rs30,590cr a growth of 10% yoy. The retail AUM dominates at 84% of the mix.
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