Fall in provisions pushed Bandhan Bank Ltd.’s standalone net profit to a nearly sixfold jump in the fourth quarter of the financial year 2024-25, but still missed analysts’ estimates.
The bottom line of the Kolkata-headquartered lender rose 481% to Rs 317 crore versus Rs 54.6 crore in the year-ago period, according to financial results released on Wednesday. Analysts’ consensus estimates compiled by Bloomberg estimated Rs 467 crore.
The provisions (other than tax) and contingencies were lower by 29% at Rs 1,260 crore compared to Rs 1,774 crore in the March quarter of FY24. On a sequential basis, it fell 8.41%.
The net interest income declined 4% to Rs 2,756 crore. Net interest margin for the quarter was 6.7%.
Asset quality marginally deteriorated with the share of gross non-performing assets rising to 4.71% from 4.68% in the previous quarter. Net NPA stood flat at 1.28%.
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