AU Small Finance Bank Q2 Net Profit Rises 53% YoY

BANK: The bank reported standalone net profit of ₹860 crore for Q2, compared with ₹561 crore in the corresponding quarter of the previous year, reflecting a year-on-year increase of approximately 53%. The quarterly performance highlights an improvement in earnings compared with the year-ago period, alongside updates in the bank's asset quality indicators and revenue. The bank's Q2 revenue stood at ₹5,611 crore, compared with ₹4,511 crore in the corresponding period of the previous year, registering an increase of approximately 24.4% year-on-year. The growth in revenue provides an update on the bank's financial performance during the quarter . On the asset quality front, the Gross Non-Performing Asset (GNPA) ratio stood at 1.99% in Q2, compared with 2.10% in the previous quarter. This represents an improvement of 11 basis points on a quarter-on-quarter basis. The movement in the gross NPA ratio indicates a lower proportion of gross non-performing assets relative to the bank's advances compared with the preceding quarter. However, the Net Non-Performing Asset (NNPA) ratio increased to 0.81% in Q2 from 0.76% in the previous quarter, reflecting a quarter-on-quarter increase of 5 basis points. The gross and net NPA ratios therefore recorded different sequential movements during the reporting period. Overall, the reported figures provide an update on AU Small Finance Bank's quarterly profitability, revenue growth and asset quality trends. The information currently provided does not include additional details on net interest income, operating expenses, provisions, credit growth or management commentary. Further financial disclosures may provide additional context on the factors contributing to the quarterly performance. This information is shared strictly as a corporate and market update for informational purposes and should not be considered investment advice, research analysis, or a recommendation to buy or sell any security.