AU SFB Q4 Results: Net profit rises 23% YoY to Rs 425 crore

AU Small Finance Bank on Monday reported a 23% year-on-year rise in March quarter net profit to Rs 425 crore backed by a 37% higher net interest income.

Total income rose 34% to Rs 9240 crore. NII for the quarter stood at Rs 4425 crore.

AU's net interest margin for the quarter was a shade lower at 6.1% compared with 6.3% seen in the year-ago period. Its cost of funds rose by 32 basis points to 6.29%.


The bank board proposed a 10% dividend — Re 1/ per equity share — for FY23.

The lender's asset quality improved with gross non-performing assets ratio falling to 1.7% at the end of March from 1.98% a year back. Net NPA stood at 0.4% against 0 5%.

Provision coverage ratio remained at 75%.

It's gross advances rose 26% year-on-year to Rs 59158 crore with 88% of its being retail in nature.

Its deposits grew 32% year-on-year to Rs 69,365 crore with low cost CASA (current and savings account) deposits rising 36% to reach Rs 26,660 crore.