Central Bank of India Limited Q1 results show revenue down from 8595.68 to 8218.02 crores, a -4.39% decrease in growth. EPS also down from Rs.0.68 to Rs.0.57, up by -16.18%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Central Bank of India shared its Q1 results on Monday. They earned 8218.02 crores in revenue this quarter, but that’s more than the 8595.68 crores they made last quarter. The bank’s growth decreased by -4.39 percent when comparing the two quarters.
In terms of profits, the Central Bank of India’s PAT (Profit After Tax) for this quarter was 494.98 crores, down from 591 crores in the previous quarter. Their quarter-to-quarter growth declined by -16.25 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.0.57, which is a decrease of -16.18% from the Rs.0.68 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 1.75% this quarter from 3.93% in the previous quarter, resulting in a 218 basis point decrease in the bank’s net NPA.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 8218.02 crores this year (2023), which is 28.66 percent higher than last year’s total revenue of 6387.24 crores.
This Year’s PAT is 494.98 crores, which is also 81.38% higher than last year’s PAT of 272.90 crores.
The EPS (Earnings Per Share) for this year is 0.57 crores, which is 83.87% more than the EPS of 0.31 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 4.95% this year from 14.84% in the previous year, resulting in a decrease of 989 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 1.75% this year from 3.93% in the previous year, resulting in a 218 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 14.42 percent this year from 13.33 percent in the previous year.
The ROA (return on assets) of the bank increased to 0.51 percent in this quarter from 0.31 percent in the previous year.
Central Bank of India Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Central Bank of India:
The Central Bank of India, headquartered in Mumbai, is an Indian public sector bank. It is important to note that despite its name, it is not the central bank of India. The central bank of India is the Reserve Bank of India.
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