Fall in provisions pushed Bandhan Financial institution Ltd.’s standalone web revenue to an almost sixfold bounce within the fourth quarter of the monetary yr 2024-25, however nonetheless missed analysts’ estimates.
The underside line of the Kolkata-headquartered lender rose 481% to Rs 317 crore versus Rs 54.6 crore within the year-ago interval, in response to monetary outcomes launched on Wednesday. Analysts’ consensus estimates compiled by Bloomberg estimated Rs 467 crore.
The provisions (apart from tax) and contingencies had been decrease by 29% at Rs 1,260 crore in comparison with Rs 1,774 crore within the March quarter of FY24. On a sequential foundation, it fell 8.41%.
The web curiosity earnings declined 4% to Rs 2,756 crore. Internet curiosity margin for the quarter was 6.7%.
Asset high quality marginally deteriorated with the share of gross non-performing property rising to 4.71% from 4.68% within the earlier quarter. Internet NPA stood flat at 1.28%.
