CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Conference call for Institutional Investors/Analyst dated January 24, 2022 - Audio recordings of the conference call24-01-2022
24-01-2022
CSB Bank shares gain 6% on better December quarter numbers
The share touched a 52-week high of Rs 372.95 and a 52-week low of Rs 215.05 on July 5, 2021 and January 28, 2021, respectively24-01-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of Newspaper publication of the Unaudited Financial Results for the quarter and nine months ended December 31, 202122-01-2022
CSB Bank witnesses 3-fold jump in net profit to Rs 148 cr in Dec quarter
The Thrissur-based lender had reported a net profit of Rs 53.05 crore for the third quarter of the previous financial year21-01-2022
Q3FY22 Quarterly Result Announced for CSB Bank Ltd.
Banking firm CSB Bank declares Q3FY22 result: Profit After Tax: Bank recorded a net profit of Rs 148.25 Cr in Q3 FY 22 as against Rs 53.05 Cr in Q3 FY 21 and Rs 118.57 Cr for the previous quarter. Net profit increased by 180% YoY and 25% on QoQ basis. For the 9 months ended 31.12.2021, the net profit improved to Rs 327.83 Cr from Rs 175.51Cr as on 31.12.20 or by 87%. Bank continued its accelerated provisioning policy during this quarter as well. The RoA for the quarter ended 31.12.2021 is 2.43%. Operating Profit of the bank is Rs 471.67 Cr for the 9 months ended 31.12.2021 with an increase of 8% from Rs 435.14 Crs as on 31.12.2020. Q3 FY22 operating profit is at Rs 147.55 Cr as against Rs 197.19 Cr for Q3 FY21 and Rs 149.38 cr for Q2 FY22, mainly due to decrease in treasury profit and PSLC commission payout. Net Interest Income for (NII) for the nine months ended 31.12.2021 stood at Rs 849.47 Cr posting an increase of 28% over the corresponding period last year. In Q3 FY 22, the NII stood at Rs 303.34 Cr as against Rs 251.19 Cr in Q3 FY 21 and Rs 278.38 Cr for the previous quarter. ie, up by 21% & 9% respectively. Increase in NII has been powered by spread and volume effects combined with impressive interest income recoveries on Gold loan NPAs. Non-Interest Income posted a de growth of 23.47% for the nine months period ending 31.12.2021 compared to the corresponding period previous FY mainly due to dip in treasury profits by 89%. Excluding Treasury Profits, non interest income has surged by 41% 9M to 9M. Cost Income Ratio: Cost income ratio for the nine months ended 31.12.2021 is at 54.33% as against 51.92% as on 31.12.2020(9M). Cost income ratio for Q3 FY 22 is at 58.49%, which was at 48.47% for Q3 FY 21 & 55.83% in Q2FY22. Increase in Cost Income Ratio has been contributed by increase in staff cost, increase in rent, depreciation and other expenses and decrease in treasury profits. Asset Quality & Provisioning:This was a prominent quarter in terms of NPA recovery where we could contain both gold as well as non-gold NPAs. Out of the gross NPA of Rs 388.95 Crs, Rs 102 Crs is gold NPA with higher recoverability Gross NPA and Net NPA ratios have improved to 2.62% and 1.36% as on 31.12.21 from 4.11% and 2.63% respectively as on 30.09.21. Gross NPA and Net NPA ratios excluding gold works out to 1.87% and 0.85% as on 31.12.21. PCR is now back to >80% territory. Capital Adequacy Ratio is at 20.74%, which is well above the regulatory requirement. Leverage ratio is at 7.92% as on 31.12.2021 Comfortable Liquidity Position. Liquidity Coverage Ratio is comfortable at 146.41% Total Deposits grew by 7.34 % YoY and CASA ratio stood at 34.57 % as on 31.12.2021 as against 30.38% as on 31.12.2020 and 32.58% as on 30.09.2021 Advances (Net) grew by 11.42% YoY to Rs 14637 Cr as on 31.12.2021 Speaking about the performance Mr. C VR Rajendran, Managing Director & CEO said, “Q3 FY 22 was really a BIG quarter in terms of recovery. Though we had some challenges related to portfolio stress at the FY beginning mainly in Gold due to the reversal of LTV regime as mandated by the regulators, our focused and systematic approach yielded the desired results. We could record a YoY growth of 11.42% in net advances and 22.14% in CASA. Gold loans also have started to move up posting a QoQ growth of about 7%. Coming to profitability, Q3 continued to be a robust quarter registering a growth of 179% on a YoY quarterly basis and 87% for the 9-month period ended 31.12.21 vis a vis the corresponding period last year. This could be achieved despite continuing with the accelerated provisioning policy in the current quarter as well. Our capital and liquidity position continues to be resilient. The key indicators like NII, NIM, RoA, GNPA/NNPA, PCR etc. are strong. While gold portfolio continues to be our major focus area, we are setting the right platforms for buildup of the other retail businesses such as home loans, personal loans, credit cards etc., on our own or through partnerships. which will help us to scale up the retail business. On the SME/WSB portfolios, the activity level has increased. On the fee part also we are faring well. Though Omicron waves are creating some concerns on the progressive economic outlook that followed the covid second wave recovery, we are focusing on improving both topline and bottom-line parameters in the current quarter as well. Result PDF21-01-2022
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 and nine months ended December 31, 202121-01-2022
CSB Bank Ltd - 542867 - Submission Of Unaudited Financial Results And Limited Review Report Thereon, For The Quarter And Nine Months Ended December 31, 2021
Submission of Unaudited Financial Results and Limited Review Report thereon, for the Quarter and Nine Months ended December 31, 202121-01-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of conference call for Institutional Investors/Analyst - Financial Results for the quarter and nine months ended December 31, 2021- Change in the timing of the call20-01-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of conference call for Institutional Investors/Analyst - Financial Results for the quarter and nine months ended December 31, 2021.18-01-2022
CSB Bank Ltd - 542867 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Issue of Duplicate Share Certificates in terms of Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.10-01-2022