AU Small Finance Bank Q4 net up 7 pc at Rs 83 cr

AU Small Finance Bank (SFB) has reported a rise of 6.6 per cent in its net profit at Rs 83.04 crore for the fourth quarter ended March of 2017-18.

It had registered a net profit of Rs 77.91 crore during the corresponding quarter of the previous fiscal.

Total income during January-March period of 2017-18 increased by nearly 71 per cent to Rs 666.17 crore as against Rs 389.81 crore in the similar quarter of 2016-17.

In full 2017-18, net profit, however, fell to Rs 292.04 crore from Rs 821.98 crore in 2016-17, the company said in a regulatory filing.

Income during the year was up at Rs 2,155.25 crore as against Rs 1,419.61 crore in the fiscal ended March 2017.

There was an uptick in its bad loan proportion as net non-performing assets (NPAs) stood at 1.27 per cent of the net advances as on March 31, 2018 as against 1.22 per cent by the end of March 2017.

In value terms, net NPAs were Rs 169.34 crore as against Rs 80.46 crore.

Gross NPAs rose to 2.01 per cent (Rs 269.74 crore) of the gross advances at the end of 2017-18 fiscal from 1.89 per cent (Rs 124.51 crore) in the year ago period.

However, provisions and contingencies reduced to Rs 29.62 crore during the March quarter of 2017-18 from Rs 35.78 crore in the same period a year ago.

The Jaipur-based lender said its board of directors have recommended a dividend of Rs 0.50 per equity share for the year ended March 31, 2018.

Stock of AU SFB closed 5.16 per cent up at Rs 737.15 apiece on BSE today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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