Utkarsh Small Finance Bank Q1 results show revenue rise from 760.25 to 812.39 crores, a 6.86% increase in growth. EPS was also down from Rs.1.49 to Rs.1.20, down by -19.46%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Utkarsh Small Finance Bank shared its Q1 results on Tuesday. They earned 812.39 crores in revenue this quarter, but that’s more than the 760.25 crores they made last quarter. The bank’s growth increased by 6.86 percent when comparing the two quarters.
In terms of profits, Utkarsh Small Finance Bank’s PAT (Profit After Tax) for this quarter was 107.49 crores, down from 133.79 crores in the previous quarter. Their quarter-to-quarter growth declined by -19.66 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.1.20, which is a decrease of -19.46% from the Rs.1.49 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.33% this quarter from 0.39% in the previous quarter, resulting in a 6 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 812.39 crores this year (2023), which is 23.97 percent higher than last year’s total revenue of 655.33 crores.
This Year’s PAT (Profit After Tax) is 107.49 crores, which is also 20.12% higher than last year’s PAT of 89.49 crores.
The EPS (Earnings Per Share) for this year is 1.20 crore, which is 20.00% more than the EPS of 1 crore earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 3.13% this year from 5.73% in the previous year, resulting in a decrease of 304 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.33% this year from 1.66% in the previous year, resulting in a 133 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank decreased to 19.83 percent this year from 21.78 percent in the previous year.
The ROA (return on assets) of the bank decreased to 0.57 percent in this quarter from 0.60 percent in the previous year.
Also Read: Oil India Q1FY24 Results: Consolidated PAT Down to Rs. 1426.60 Cr
Utkarsh Small Finance Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Utkarsh Small Finance Bank:
‘Utkarsh Small Finance Bank Limited (USBL)’ stands as a Scheduled Commercial Bank, officially registered with the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act 1949. The bank holds a license bearing the designation MUM No.
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