AU Small Finance Bank Q4 Results: Net profit rose by 23% to Rs 425 Cr

New Delhi: The Board of Directors of AU Small Finance Bank Limited at its meeting on April 25, approved the financial results for the quarter and year ending March 31, 2023.

The Bank has navigated the first 6 years of its Banking operations relatively well despite the macro headwinds like Demonetization, GST implementation, NBFC & private Banking events and the COVID-19 pandemic and during this period, the Bank has delivered consistent performance with Deposits growing at a CAGR of 54%, Advances growing at a CAGR of 35% and Balance Sheet growing at a CAGR of 37% respectively for the period from FY18 to FY23.

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AU Small Finance Bank Q4’ FY23 financial results
 

• Net profit for the quarter rose by 23% YoY to Rs 425 Crore
• Net Interest Margin (NIM) for Q4’FY23 at 6.1% vs. 6.3% in Q4’FY22
• ROA for Q4’FY23 stood at 2.0% and ROE at 15.8%
• Cost of funds for Q4’FY23 increased by 32 bps to 6.29% vs. 5.97% in Q3’FY23

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AU Small Finance Bank Dividend for FY23

The Board of Directors of the Bank recommended a dividend of Rs. 1/- per equity shares (10% of face value) from the net profit for the year ended 31st March 2023, subject to shareholders' approval. The dividend on equity shares will be paid/dispatched after the shareholders approve the same at the Bank's ensuing Annual General Meeting (AGM).

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