Bandhan Bank zooms despite reporting 32% fall in Q1 net profit
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Bandhan Bank is currently trading at Rs. 303.30, up by 12.00 points or 4.12% from its previous closing of Rs. 291.30 on the BSE.
The scrip opened at Rs. 292.50 and has touched a high and low of Rs. 307.70 and Rs. 292.50 respectively. So far 772050 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 430.25 on 11-Dec-2020 and a 52 week low of Rs. 251.40 on 25-Sep-2020.
Last one week high and low of the scrip stood at Rs. 307.70 and Rs. 290.70 respectively. The current market cap of the company is Rs. 49165.82 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 37.41% and 22.60% respectively.
Bandhan Bank has reported 32.15% fall in its net profit at Rs 373.08 crore for the quarter ended June 30, 2021 as compared to net profit of Rs 549.82 crore for the same quarter in the previous year. However, total income of the bank increased by 15.82% at Rs 3,943.37 crore for Q1FY22 as compared Rs 3404.84 crore for the corresponding quarter previous year.
The bank’s gross Non Performing Asset (NPA) to gross advances for the April-June quarter of the current fiscal increased to 8.18%, as compared to 1.43% in the same quarter of the previous year. Besides, bank’s net NPA to net advances stood at 0.33% in Q1FY22.
