Q1FY21 results: CSB Bank net profit rises by 174.1 per cent YoY to Rs 53.56 crore
CSB Bank Limited announced its Q1FY21 results on Aug 19, 2020. Net profit stood at Rs 53.56 crore for Q1FY20. It grew by 174.1 per cent as compared to Rs 19.54 crore that it had reported in Q1FY20.
Net interest income (NII) stood at Rs 185.26 crore as against Rs 132.46 crore it reported in Q1FY20. A growth of 39.9 per cent YoY. Total income grew by 28.8 per cent YoY to Rs 496.88 crore in Q1FY21. It had reported total income of Rs 385.64 crore in Q1FY20. Operating profit for Q1FY21 stood at Rs 129.09 crore. A growth of 221.8 per cent YoY as against Rs 40.11 crore in Q1FY20.
Provisions and contingencies increased by 471.3 per cent YoY to Rs 57.53 crore in Q1FY21, as against Rs 10.07 crore in Q1FY20.
On asset quality front, gross non-performing assets (NPA) in Q1FY21 stood at Rs 401.03 crore witnessing a decline of 2.1 per cent QoQ. Gross NPA (per cent) stood at 3.51 per cent in Q1FY21, as against 3.54 per cent in Q4FY20. A decline of 3bps QoQ. Net NPA in Q1FY21 came in at Rs 195.24 crore witnessing a decline of 10 per cent QoQ. Net NPA (per cent) stood at 1.74 per cent in Q1FY21 as against 1.91 per cent in Q4FY20. A decline of 17bps QoQ.
Capital adequacy ratio stood at 18.93 per cent in Q1FY21 as against 22.46 percent in Q4FY20. A decline of 3.53 per cent QoQ.
Share Price of company closed at Rs 225.45 up by 13.23 per cent on BSE.
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Particulars
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Q1FY21
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Q1FY20
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Change
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Net Profit
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53.56
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19.54
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174.1%
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Net interest income
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185.26
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132.46
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39.9%
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Operating profit
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129.09
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40.11
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221.8%
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Provisions and contingencies
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57.53
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10.07
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471.3%
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Particulars
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Q1FY21
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Q4FY20
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Change
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|
Gross NPA (per cent)
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3.51
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3.54
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-3bps
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Net NPA (per cent)
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1.74
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1.91
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-17bps
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