Q4 Results: How AU SFB, DCB Bank and Equitas SFB performed in March quarter

Banking companies, AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.

Banking companies, , and on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.

Here’s how they performed in Q4FY24:

AU Small Finance Bank

The company reported net profit excluding exceptional items at Rs 428 crore in Q4’FY24 up by 1% YoY compared to Rs 425 crore in Q4’FY23. The net interest income (NII) grew 10% YoY to Rs 1,337 crore, compared to Rs 1,213 crore in Q4’FY23.

Total deposits reached Rs 87,182 crore compared to Rs 69,365 crore in Q4’FY23 — growth of 26% YoY and 9% QoQ while gross non-performing assets (GNPA) stood at 1.67% in Q4’FY24 vs 1.66% in Q4’FY23 and 1.98% in Q3’FY24.

The company also declared a dividend of Rs 1 per share.

Equitas Small Finance Bank

Q4FY24 was a strong quarter across key performance indicators delivering sustainable loan and deposit growth and stable margins for the company. Equitas reported the highest PAT of Rs 799 crore in FY24 vs Rs 574 crore in FY23, growth of 39% YoY.

Total deposits as of Q4FY24 were at Rs 36,129 crore with growth of 43% YoY while GNPA was down to 2.52% in Q4FY24 from 2.60% in Q4FY23.

Equitas Small Finance Bank is one of the largest small finance banks in India.

DCB Bank

Tha bank’s PAT for Q4FY24 was at Rs 156 crore as compared to Rs 142 crore for Q4FY23, which is a growth of 9%. For FY24, the PAT stands at Rs 536 crore against Rs 466 crore in FY23, a growth of 15%.

Further, the GNPA as of March 2024 stood at 1.11% which was 3.23% in March 2023, a reduction of 212 bps.

“I want to thank all the stakeholders for giving me the opportunity to contribute to the progress of the Bank. I wish all the best to the new Managing Director & CEO and the management team who will take this bank forward. I am confident that DCB Bank will continue its growth trajectory and value creation,” said Murali M. Natrajan, outgoing MD & CEO.

Praveen Kutty has been appointed as the new Managing Director & CEO of the company.

The board of directors has also recommended a dividend of Rs 1.25 per share.

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Source: Stocks-Markets-Economic Times