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KEY HIGHLIGHTS – Q3FY’23

Net Profit for Q3FY23 improved to Rs.1,151 Cr. up by 12% YoY and 20% sequentially.

Operating Profit improved to Rs.3,652 Cr. up by 74% YoY and by 8% sequentially.

Return on Assets (RoA) improved to 0.55%.

NIM stood at 3.28%, improved by 101 bps YoY and 24 bps sequentially.

NII stood at Rs.5,596 Cr up by 64% YoY and 10% sequentially.

Yield on Advances at 7.67%, up by 65 bps YoY and 46 bps sequentially.

Gross NPA ratio at 7.66%, down by 280 bps YoY.

Net NPA ratio at 1.61% down by 105 bps YoY.

Provision Coverage Ratio (PCR) at 90.27%.

Slippage ratio stood at 0.27%, declined by 20 bps YoY.

CRAR stood at 15.60% with Tier-I at 13.61% & CET-1 at 12.77%.

AM Advances grew by 13.24% YoY and it constitutes 54.14% of Gross Advances.

CASA deposits increased by 3.70% YoY and CASA% at 44.56%.

Profitability:

Q3-FY23:

Net Profit for the quarter improved by 12% YoY and stood at Rs.1,151 Cr for Q3FY23 against Rs.1,027 Cr in Q3FY22. On a sequential basis, Net Profit improved by 20% from Rs.960 Cr in Q2FY23.

Operating Profit improved by 74% YoY and stood at Rs.3,652 Cr for Q3FY23 against Rs.2,096 Cr in Q3FY22. On a sequential basis, Operating Profit improved by 8% from Rs.3,374 Cr in Q2FY23.

Net Interest Income (NII) improved by 64% YoY and stood at Rs.5,596 Cr for Q3FY23 against Rs.3,408 Cr for Q3FY22. On a sequential basis, it increased by 10% from Rs.5,083 Cr in Q2FY23.

Non-Interest Income stood at to Rs.1,432 Cr for Q3FY23 against Rs.1,835 Cr in Q3FY22. On a sequential basis, it increased from Rs.1,417 Cr in Q2FY23.

9-Months ended-FY’23:

Net Profit stood at Rs.2,672 Cr against Rs.2,798 Cr for 9 month ended FY’23.

Net Interest Income (NII) increased by 46% YoY and stood at Rs.14,751 Cr for against Rs.10,076 Cr for 9-month ended period.

Operating Profit improved by 22% YoY and stood at Rs.9,209 Cr against Rs.7,523 Cr for 9-month ended period.

Non-Interest Income stood at Rs.4,001 Cr against Rs.6,292 Cr for 9-month ended period.