From the above link,
The lender reported that its gross non-performing asset (GNPA) came down by 74 bps from 5.87 per cent to 5.14 per cent on Y-o-Y basis. The net NPA (NNPA) of the lender for the quarter stood at 1.85 per cent, which was down from 1.86 per cent on a year-on-year basis.
Other than that all other parameters look good.
Other highlights of the report are:
NIM improved by 60 bps from 2.74% to 3.34% on Y-o-Y basis
Return on Equity improved by 412 bps from 7.68% to 11.80% Y-o-Y basis
Return on Assets increased by 27 bps from 0.46% to 0.73% Y-o-Y basis
Recovery and upgradation in NPA accounts increased from Rs. 296.23 Cr in Q1 FY23 to Rs.
361.71 Cr in Q1 FY24
Why is the Market reacting brutally to the stock price? Am I missing something?
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