CSB Bank Results Earnings Call for Q4FY23
Conference Call with CSB Bank Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.28-04-2023
28-04-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for CSB Bank Ltd.
CSB Bank announced Q4FY23 & FY23 results: Q4FY23: Q4FY23 operating profit grew YoY by 42% and stood at Rs 202 crore, as against Rs 142 crore in Q4FY22 In Q4FY23, the NII grew by 15% and stood at Rs 349 crore as against Rs 304 crore in Q4FY22 Non-interest income ex treasury for Q4FY23 saw a growth of 42% over Q3FY23 mainly due to PSLC and other fee income Cost income ratio for Q4FY23 stood at 57.48% as against 61.34% for Q4FY22 Gross NPA and Net NPA ratios have improved to 1.26% and 0.35% respectively as on March 31, 2023, over the previous quarters. PCR continues to be above 90%. FY23: Bank recorded a net profit of Rs 547 crore for FY23 vis a vis profit of Rs 458 crore in FY22. Net profit improved by 19% on a YoY basis. RoA of the bank stood above 2% for FY23 at 2.06%, as against 1.90% for FY22 Operating profit of the bank for FY23 was Rs 707 crore registering YoY growth of 15% as against Rs 614 crore during FY22 Net interest income (NII) for FY23 stood at Rs 1,334 crore posting an increase of 16% YoY Cost income ratio for FY23 was at 57.12% as against 56.17% for FY22 Capital Adequacy Ratio is at 27.10%, which is well above the regulatory requirement. The leverage ratio is at 9.98% as on 31.03.2023 Liquidity coverage ratio is comfortable at 123% Total deposits grew by 21 % YoY. Correspondingly, CASA book grew by 16% from Rs 6,795 crore to Rs 7,886 crore YoY. The CASA ratio stood at 32.18% as on March 31, 2023,as against 31.44% as on December 31, 2022 Advances (net) grew by 31% YoY to Rs 20,651 crore as on March 31, 2023, supported mainly by a gold loan portfolio growth of 48% YoY Speaking about the performance Pralay Mondal, Managing Director & CEO said, “It gives me immense pleasure to see that the first year of SBS 2030 vision has fared well in the expected lines and this good start gives us comfort to pursue this journey with more confidence. We continued to deliver the stakeholder expectations both in terms of topline and bottom line. We could register a record net profit of Rs 547 crore; up by 19% YoY backed by a 25% business growth; 31% net loan book growth and 21% deposit growth. We were able to grow faster than the average industry growth trends in both deposits and advances. Despite lower treasury and PSLC income contributions, the operating profit recorded a growth of 15% supported by growth in NII and other income. Key indicators like NIM, CRAR, RoA, NPA ratios etc. continue to be strong. In line with our geographic expansion plans, we hit a hat trick by opening another 100 branches in the third consecutive year thus taking the total branch count to 703 from 411 as of 31.03.20 with a 70% increase in the last 3 years. The good part of the first-year SBS journey is that we could sustain our core strengths and start the build phase. All the retail verticals planned for the FY are in place and have started contributing. FY 24 will be the most crucial year in the build phase where we plan for major infra investments- technology being the key one. We will also continue with the geographic expansion plans. As we progress here, the business verticals will benefit from the improved support structure which will particularly help in the full-fledged offtake of the retail verticals. With the key enablers viz verticals, systems & processes, products and policies, HR structure etc. all falling in place, we will be aggressively pursuing the key agenda of SBS 2030 which underlines the build-up of a quality customer franchise. We will put in all our efforts to progress as per our vision quarter on quarter and year on year." Result PDF28-04-2023
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Investor Presentation
Press Release and Presentation to Institutional Investors/Analyst - Audited Financial Results for the quarter and financial year ended March 31, 2023.28-04-2023
CSB Bank Ltd - 542867 - Board Meeting Outcome for Outcome Of The Board Meeting - Submission Of Audited Financial Results And Audit Report Thereon, For The Quarter And Financial Year Ended March 31, 2023.
Outcome of the Board Meeting - Submission of Audited Financial Results and Audit Report thereon, for the quarter and financial year ended March 31, 2023.28-04-2023
CSB Bank Ltd - 542867 - Submission Of Audited Financial Results And Audit Report Thereon, For The Quarter And Financial Year Ended March 31, 2023.
Submission of Audited Financial Results and Audit Report thereon, for the quarter and financial year ended March 31, 2023.28-04-2023
CSB Bank Ltd - 542867 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation for Loss of Original Share Certificate27-04-2023
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of conference call for Institutional Investors/Analyst - Audited Financial Results for the quarter and financial year ended March 31, 2023.25-04-2023
CSB Bank Ltd - 542867 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Issue of Letter(s) of Confirmation in lieu of Duplicate Share Certificates21-04-2023