Q4 Results: How AU SFB, DCB Bank and Equitas SFB performed in March quarter
AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.
Here’s how they performed in Q4FY24:
AU Small Finance Bank
The company reported net profit excluding exceptional items at Rs 428 crore in Q4’FY24 up by 1% YoY compared to Rs 425 crore in Q4’FY23. The net interest income (NII) grew 10% YoY to Rs 1,337 crore, compared to Rs 1,213 crore in Q4’FY23.
Total deposits reached Rs 87,182 crore compared to Rs 69,365 crore in Q4’FY23 — growth of 26% YoY and 9% QoQ while gross non-performing assets (GNPA) stood at 1.67% in Q4’FY24 vs 1.66% in Q4’FY23 and 1.98% in Q3’FY24.
The company also declared a dividend of Rs 1 per share.
Equitas Small Finance Bank
Q4FY24 was a strong quarter across key performance indicators delivering sustainable loan and deposit growth and stable margins for the company. Equitas reported the highest PAT of Rs 799 crore in FY24 vs Rs 574 crore in FY23, growth of 39% YoY.
Total deposits as of Q4FY24 were at Rs 36,129 crore with growth of 43% YoY while GNPA was down to 2.52% in Q4FY24 from 2.60% in Q4FY23.
Equitas Small Finance Bank is one of the largest small finance banks in India.
DCB Bank
Tha bank’s PAT for Q4FY24 was at Rs 156 crore as compared to Rs 142 crore for Q4FY23, which is a growth of 9%. For FY24, the PAT stands at Rs 536 crore against Rs 466 crore in FY23, a growth of 15%.
Further, the GNPA as of March 2024 stood at 1.11% which was 3.23% in March 2023, a reduction
