AU Small Finance Bank’s Q2FY19 PAT UP 34% Y-o-Y, Loan Portfolio at ₹20,200 crore, surged 66% Y-o-Y

Deepthi | Myequity news | Date : 13-10-2018 17:25:00 IST

Key Financials/ Ratios

Total Income

o    For 1HFY19 at ₹1,509 crore surged 64% over 1HFY18

o    For Q2FY19 at ₹806 crore, Up 60% over Q2FY18 and ~15% over Q1FY19

Net Interest Income

o    For 1HFY19 at ₹607 crore rose 51% over 1HFY18

o    For Q2FY19 at ₹321 crore, Up ~46% over Q2FY18 and ~12% over Q1FY19

Net Interest Margin (%)

o    1HFY19 ~6.0% I 1HFY18 ~7.8%

o    Q2FY19 ~6.0% I Q2FY18 ~8.2% I Q1FY19 ~6.2%

For Q2FY19, Cost to Income Ratio marginally improved to 60.5% from 60.9% in Q1FY19

PAT for 1HFY19 and Q2FY19 at ₹168 Crore and ₹91 Crore, Up 29% and 34% y-o-y respectively

Balance Sheet size more than doubled to ₹24,780Crore as against ~₹12,332Crore as on 30th Sep 2017 Net-worth rose to ₹2,929 crore, up by ~39% from Sep 30th 2017 level of ₹2,113 crore

1HFY19 Return on Average Assets and Return on Average Equity (both annualized) stood at ~1.6% and ~12.9% respectively.

Adequate Capital Adequacy - CRAR of 17.8% and Tier – I CRAR of 17.2%

As on 30th Sep 2018, Bank’s distribution was spread across 395 bank branches (including 89 Business Correspondent Outlets) and 88 asset centers.

Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO of AU Small Finance Bank said, “Last quarter we saw a continued strong uptick in our disbursements, deposits, CASA, asset quality, rating, and an improvement in our cost to income ratio. The recent market events have once again placed Banks in a sweeter spot. Going forward, we expect market share gain in retail assets and incremental deposits mobilization. As we chase our $10Bn total assets target by FY22, we continue to focus on Data, Digital, Distribution and Delight”

About AU Small Finance Bank:

AU Small Finance Bank Limited (AU Bank), a Fortune India 500 Company, is the only Scheduled Commercial Bank headquartered out of Jaipur, Rajasthan. AU Bank is the only asset financing NBFC amongst 10 successful Small Finance Bank Licensees out of 72 applicants.

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