AU Small Bank's net profit doubles yoy in Q3FY20; stock up 6.5%

AU Small Bank's net profit doubles yoy in Q3FY20; stock up 6.5%
AU Small Bank posted a 100% yoy growth in PAT to Rs190cr for Q3FY20 from Rs95cr in the same quarter of FY19.

NII rose 46% yoy to Rs507cr from Rs348cr in Q3FY20.

Loan AUM grew 37% yoy to Rs29,867cr; share of Retail AUM rose to 81% via-vis ~77% at Dec’18.
Loan disbursement growth for YTD 9M FY20 at 23% y-o-y; Share of Retail loans in loans disbursed increased by ~11% from 71% in 9MFY19 to ~82% in 9MFY20.

Despite slowdown and Daily NPA tagging, GNPA and NNPA at 31-Dec-19 further improved to 1.9% and 1.0% respectively as against 2.0% and 1.1% on 30-Sep-19. Manifestation of our small ticket, secured lending, strong underwriting, and firm focus on collections.

PCR increased to 47%. Total Deposits book stood at Rs23,865cr vs. Rs14,686cr in Dec’18, up 63% yoy and up 8% qoq; CASA Ratio (excluding Certificate of Deposits) was maintained at ~17%.

AU Small Finance Bank Ltd is currently trading at Rs947 up by Rs60.3 or 6.8% from its previous closing of Rs886.70 on the BSE.

The scrip opened at Rs908.10 and has touched a high and low of Rs963.70 and Rs908.10 respectively. So far 9,09,897 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs26,927.99cr.

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