https://www.bseindia.com/xml-data/corpfiling/AttachLive/2cc73014-c3a6-4aba-91e3-69df57e0da65.pdf
Q1 FY 24 results
Highlights:
- Gross loan book at ₹25,326* crore up 30%/5% Y-o-Y/Q-o-Q.
- Deposits at ₹26,660 crore as of Jun’23 up by 45%/4% Y-o-Y/Q-o-Q
-Retail TD grew 71%/8% Q-o-Q/Y-o-Y
-CASA grew 27% Y-o-Y taking CASA ratio at 24.6% as on Jun’23 - GNPA declined to 2.4% as of Jun’23 vs 2.6% as of Mar’23; NNPA continues to be
negligible at 0.06% as on Jun’23. Provision coverage ratio as on Jun’23 is 97.6%.
Collection efficiency at 99% - Including Floating provisions of INR 250 crore, Total provision on books is INR 845 crore
against GNPA of INR 597 crore. - Cost to Income ratio at 52.8% in Q1FY24 vs 58.5% for Q1FY23.
- Capital adequacy ratio at 26.7% with Tier-1 capital at 23.7%.
- PAT at INR 324 crore against INR 203 crore in June 22.
- ROA at 3.80% and ROE at 29.80%
- Reverse merger - On the merger with our promoter, the hearing of our application with the
NCLT was completed on June 28, 2023 and we positively expect to receive the order
soon. - Loan book breakup: 73% microfinance; 14% Affordable housing; 6% MSME, 5% FIG lending.
- Avg Portfolio yield at 19.10% increased from 18.90% in march quarter. Microfinance
Yield at 21.80%. - NIM at 9.2% against 9.10% in march quarter. Cost of Funds at 7.2% against 6.90% in
march quarter. - Total Branches at 661. Opened 32 new branches during the quarter.
Disclosure: Invested.
Subscribe To Our Free Newsletter |