CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Conference call for Institutional Investors/Analysts dated July 20, 2023 - Audio recordings of the conference call20-07-2023
20-07-2023
Q1FY24 Quarterly Result Announced for CSB Bank Ltd.
CSB Bank announced Q1FY23 results: Profit after Tax is at Rs 132.23 crore in Q1FY24 as against Rs 114.52 crore in Q1FY23. Net profit increased by 15% YoY basis. We continue to maintain the accelerated provisioning policy during this quarter as well. Return on Assets improved from 1.75% in Q1FY23 to 1.79% in Q1FY24. NIM could be sustained above 5% at 5.40% up by 23 bps YoY. Operating Profit of the bank is at Rs 181.43 crore whereas it was Rs 154.72 crore in Q1FY23 ie, up by 17%. Net Interest Income (NII) earned for Q1FY24 is Rs 364.01 crore with a YoY increase of 17% (Rs 310.69 crore for Q1FY23) Non-Interest Income for Q1FY24 is at Rs 121.55 crore as against Rs 54.85 crore for Q1FY23 up by 122%. While Treasury income grew by 23%, other income excluding treasury income increased by Rs 64.40 crores or by 143% on a YoY basis. Cost Income Ratio is at 62.63% as at the end of Q1FY24; where as it was 57.67% as on 30.06.2022. The increase is mainly on account of significant investments made on people, distribution, systems & processes in the build phase aimed at croreeating a strong foundation for the scale that we aspire to achieve for as part of SBS 2030 Healthy Asset Quality & Provisioning Compared to 30.06.22, we have lower GNPA and NNPA ratios of 1.27% and 0.32% as at the end of Q1FY24; with an improvement of 52 bps and 28 bps respectively. Robust Capital Structure - Capital Adequacy Ratio is at 25.99%, which is well above the regulatory requirement; with an improvement of 53 bps as on 30.06.23 Total Deposits grew by 21% YoY. Correspondingly, CASA book grew by 6% from Rs 7,121.88 crores to Rs 7,548.08 crores YoY. The CASA ratio stood at 30.84% as on 30.06.2023 Advances (Net) grew by 31% YoY to Rs 21,103.55 crore as on 30.06.2023 supported by a robust growth of 42% in gold loans on YoY basis. Gold loan portfolio croreossed the Rs 10,000 crore mark. Speaking about the performance Pralay Mondal, Managing Director & CEO said, “On a YoY basis, we could register a net profit of Rs 132 crore; up by 15% YoY backed by a 31% net loan book growth and 21% deposit growth. Our NII registered a robust growth of 17% and Non-interest income by a whopping 122%. Despite the increased costs on account of higher investments made on people, distribution, systems etc, the operating profit recorded a growth of 17% supported by growth in NII and other income. Key indicators like NIM, croreAR, RoA, NPA ratios etc. continue to be strong. Currently we are in the build phase; which is the most croreucial level of SBS 2030 journey. As we are building for scale, we strive to deliver an all-round performance by keeping our business priorities intact. The basic infrastructure like the verticals, leadership, products, policies etc are in place and now the major focus is on the tech front. On the distribution front, as in the previous years, we plan to open another 100 branches this FY as well. Our efforts will be centered on building a future ready franchise by keeping customer centricity at the core of all our initiatives. We will constantly work on meeting the stakeholder expectations by achieving the milestones set under SBS vision." Result PDF20-07-2023
CSB Bank Q1 Results: Net profit rises 16% to Rs 132 crore, asset quality healthy
CSB Bank Q1 Results: The bank's net NPA for the quarter stood at 0.32 percent, declining from 0.60 percent on a yearly basis20-07-2023
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Investor Presentation
Press Release and Presentation to Institutional Investors/Analyst - Unaudited Financial Results for the quarter ended June 30, 202320-07-2023
CSB Bank Ltd - 542867 - Board Meeting Outcome for Submission Of Unaudited Financial Results And Limited Review Report Thereon, For The Quarter Ended June 30, 2023.
Submission of Unaudited Financial Results and Limited Review Report thereon, for the quarter ended June 30, 202320-07-2023
CSB Bank Ltd - 542867 - Submission Of Unaudited Financial Results And Limited Review Report Thereon, For The Quarter Ended June 30, 2023.
Submission of Unaudited Financial Results and Limited Review Report thereon, for the quarter ended June 30, 202320-07-2023
CSB Bank Ltd - 542867 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Issue of Letter of Confirmation in lieu of Duplicate Share Certificates20-07-2023
CSB Bank Ltd - 542867 - Grant Of Stock Options Under CSB Employee Stock Option Scheme 2019
Grant of Stock Options under CSB Employee Stock Option Scheme 201920-07-2023
CSB Bank Ltd - 542867 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Original Share Certificates19-07-2023
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of Newspaper Publication of Intimation of the 102nd Annual General Meeting of the CSB Bank Ltd., e-voting and book closure18-07-2023