Shares of Bandhan Bank hit the day's high at 13% on Monday after the private lender's April-June quarter financial earnings beat estimates.

Shares of the private sector bank opened a gap-up today and hit ₹215.50, up 13% compared to the previous closing session. At the current share price of ₹214.15, up 11.28% (11.28 AM), the scrip is trading lower compared to a 52-week-high of ₹263.15 touched on January 4, 2024. With today's rally, its m-cap has also increased to ₹34,490.87 crore.

Bandhan Bank's profit for the quarter ended June 30, 2024, stood at ₹1,063 crore compared to ₹721 crore, registering a growth of 47% YoY. The bank’s RoA (return on assets) stood at 2.5% and RoE (return on equity) was 18.8% for the quarter on an annualised basis.

The net interest income (NII) as of Q1 FY25, stood at ₹3,005 crore compared to ₹2,491 crore as of Q1 FY24, a growth of 21%, while net interest margin was recorded at 7.6% year-on-year. The bank’s net revenue as of Q1 FY25 came in at ₹3,533 crore vs ₹2,876 crore in Q1 FY24, a growth of 23%.

The provisions (other than tax) and contingencies charged to the profit and loss for Q1 FY25 were at ₹523 crore compared to ₹602 crore in Q1 FY24. In terms of asset quality, Bandhan Bank says its gross non-performing assets (NPA) improved YoY to 4.2% in Q1 FY25 compared to 6.8% in Q1 FY24, while the net NPAs were at 1.1% in Q1 FY25 vs 2.2% in Q1 FY24.

The bank's deposits as of Q1 FY25 were at ₹1.33 lakh crore as against ₹1.08 lakh crore in the previous year -- a growth of 23% YoY and a decline of 1.5% QoQ, while CASA deposits stood at ₹44,456 crore and CASA ratio at 33.4%.

As of June 30, 2024, the bank's gross advances stood at ₹1.26 lakh crore against ₹1.03 lakh crore in the previous year, up 22% YoY. As of Q1 FY25, the bank’s distribution network spanned 6,300 outlets, with over 77,500 employees.

bandhan bank share

Bandhan Bank shares surge 13% post robust Q1 results