Capital Small Finance Bank Q4 Results: Lender reports net profit at Rs 28.2 crore

economictimes.indiatimes.com:

Capital Small Finance Bank on Thursday reported Rs 28.2 crore net profit for the March quarter against Rs 24.3 crore in the year-ago period, riding on lower provisions and contingencies.

The Jalandhar-headquartered bank however saw its operating profit dip to Rs 39.5 crore for the quarter against Rs 40.3 crore.

Provisions and contingencies were Rs 1.8 crore for the period against Rs 8.3 crore.

The bank's total income was 20.5% higher at Rs 224.7 crore as compared with Rs 194.1 crore while total expenditure also rose 20.5% at Rs 185.3 crore from Rs 153.8 crore in the year ago quarter.

Its gross non-performing assets ratio remained steady at 2.76% at the end of March while the net NPA ratio stood at 1.40% against 1.36%. Its gross advances grew 12 year-on-year to Rs 6,160 crore.

The deposit base rose 14% year-on-year to Rs 7,478 crore with retail deposits constituting about 93% of the total. The share of low-cost current and savings bank accounts to total deposits was at 38% at the end of the reporting cycle.