Earnings Review
Bandhan Bank Jan-Mar PAT up 5.8 times as provisions fall
This story was originally published at 18:43 IST on 30 April 2025
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--Bandhan Bank Jan-Mar net profit INR 3.18 bln vs INR 546.26 mln year ago
--Analysts saw Bandhan Bank Jan-Mar net profit INR 4.09 bln
--Bandhan Bank Jan-Mar total income INR 61.33 bln vs INR 58.90 bln year ago
--Bandhan Bank Jan-Mar provisions INR 12.60 bln vs INR 17.74 bln year ago
--Bandhan Bank FY25 total income INR 249.15 bln vs INR 210.41 bln year ago
--Bandhan Bank FY25 net profit INR 27.45 bln vs INR 22.30 bln year ago
--Bandhan Bank net NPA ratio 1.28% as on Mar 31, unch vs qtr ago
--Bandhan Bank gross NPA ratio 4.71% as on Mar 31 vs 4.68% qtr ago
--Bandhan Bank capital adequacy ratio 18.71% as on Mar 31
--Bandhan Bank Jan-Mar net interest margin 6.7%
--Bandhan Bank Jan-Mar net interest income INR 27.56 bln, down 4% on year
--Bandhan Bank total deposits INR 1.51 tln as on Mar 31, up 12% on yr
--Bandhan Bank current, savings account ratio 31.4% as on Mar 31
--Bandhan Bank gross advances INR 1.37 tln as on Mar 31, up 10% on year
--Bandhan Bank provision coverage ratio at 86.5% as on Mar 31
--Bandhan Bk wrote off loans worth INR 11.4 bln in Jan-Mar
--Bandhan Bk Jan-Mar recoveries, upgrades INR 3.5 bln vs INR 2.8 bln Oct-Dec
--Bandhan Bank Jan-Mar fresh slippages INR 17.5 bln vs INR 16.2 bln Oct-Dec
--Bandhan Bank Jan-Mar credit cost 3.9% vs 4.1% in Oct-Dec
--Bandhan Bank to pay INR 1.50 per share dividend
By Kshipra Petkar
MUMBAI – Bandhan Bank has reported a net profit of INR 3.18 billion for the March quarter, up nearly 5.8 times on year, but missing analysts' estimate of INR 4.09 billion. The bank's bottom line rose owing to a fall in provisions. For the financial year ended March, the net profit stood at INR 27.45 billion.
The provisions fell nearly 29% on year to INR 12.60 billion during the reporting quarter. Sequentially, the provisions fell by 8.4%. Bandhan Bank's asset quality was largely stable. The gross non-performing asset ratio stood at 4.71% as of Mar. 31, up slightly from 4.68% a quarter ago. The net non-performing asset ratio was unchanged at 1.28%. The provision coverage ratio stood at 73.7%.
The bank's credit costs fell by 187 basis points on year to 3.9%. Fresh slippages in the reporting quarter inched up to INR 17.50 billion from INR 16.20 billion a quarter ago. A year ago, fresh slippages amounted to just INR 10.20 billion. Recoveries and upgrades also increased to INR 3.50 billion from INR 2.80 billion a quarter ago. The bank wrote off loans amounting to INR 11.40 billion in the March quarter.
The bank's total income for the March quarter was up 4.1% on year at INR 61.33 billion. Its net interest income for the quarter, however, fell nearly 4% on year to INR 27.56 billion. The bank's net interest margin for the March quarter moderated by 96 basis points on year to 6.7%.
For the financial year 2024-25 (Apr-Mar), the bank's total income stood at INR 249.15 billion, higher than the previous year's INR 210.41 billion. The net interest income for FY25 was INR 114.91 billion, up 11.4%.
Bandhan Bank's gross advances rose 9.8% on year to INR 1.37 trillion as of Mar. 31, and the deposits grew 11.8% on year to INR 1.51 trillion. The current account savings account ratio stood at 31.4%. Retail deposits, which account for 69% of the bank's total deposits, grew 11.0% on year to INR 1.04 trillion.
The bank's capital adequacy ratio stood at 18.7% and the common equity tier-I capital stood at 17.9% as of Mar. 31.
The board of Bandhan Bank recommended a dividend of INR 1.50 per share. Wednesday, the bank's shares ended 1.4% lower at INR 165.62 on the National Stock Exchange. The bank released its results are market hours. End
Edited by Rajeev Pai
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