Bandhan Bank Q2 Results with Net Interest Income at ₹2,443.36 Crores

Bandhan Bank Q2 Results 2024: Bandhan Bank's Q2 results for the fiscal period ending September 2023 show several important changes. The Net Interest Income is ₹2,443.36 crores, which is a decrease from ₹2,490.62 crores in the previous quarter, representing a quarter-on-quarter (QoQ) change of -1.89%. This means that the income from interest on loans has slightly dropped compared to the previous quarter. The Loan Loss Provision, which is the money set aside for potential loan losses, increased to ₹636.15 crores from ₹602.09 crores, marking a QoQ increase of 5.66%. This suggests that the bank is being cautious about possible defaults.

Bandhan Bank’s Non-Interest Income rose significantly to ₹540.25 crores from ₹385.12 crores, showing a QoQ increase of 40.36%. This is a strong sign that the bank is earning more from services and fees. However, the Non-Interest Expense also increased to ₹1,400.22 crores from ₹1,313.44 crores, indicating a QoQ rise of 6.60%, which means costs are going up. The Net Income Before Taxes saw a slight decline to ₹947.25 crores, down from ₹960.21 crores, reflecting a QoQ change of -1.79%. Overall, while some figures dropped, others improved, showing mixed results in the bank's performance quarter-on-quarter.

Here are the Q2 results for Bandhan Bank for the fiscal period ending September 2023, presented in a table format:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Bandhan Bank Q2 Results 

Bandhan Bank table shows the financial results for the first quarter of 2024, which ended on June 30. The bank earned a total interest of ₹6,06,335.83 Lakhs from different sources, like loans, investments, and funds with the Reserve Bank of India. This total interest includes ₹5,53,582.29 Lakhs from loans and ₹4,86,952.02 Lakhs from investments. Additionally, the bank made ₹9,219.22 Lakhs from other sources.

Bandhan Bank spent ₹4,12,246.71 Lakhs on expenses, which include payments to employees and other operating costs. After deducting these expenses, the bank had an operating profit of ₹1,94,089.12 Lakhs. The bank also set aside ₹52,299.92 Lakhs for provisions and contingencies, which are funds reserved for unexpected costs.

Bandhan Bank's profit from ordinary activities before tax was ₹35,443.15 Lakhs. After paying taxes of ₹1,06,346.05 Lakhs, the net profit was ₹1,06,346.05 Lakhs. Bandhan Bank reported a net profit of ₹1,61,097.02 Lakhs for the quarter. The bank’s paid-up equity share capital remained stable at ₹1,61,097.02 Lakhs, and there are no reserves excluding revaluation reserves. Overall, the results show a strong performance for Bandhan Bank in Q1 2024.

Here’s a summary of the unaudited financial results for Bandhan Bank for the quarter ended June 30, 2024, in a simplified table format:

Bandhan Bank Stock Performance

Bandhan Bank is a financial institution with a market capitalization of ₹29,867 crore, which reflects its total value in the stock market. The current stock price is ₹185, and it has seen a price range of ₹263 at its highest and ₹169 at its lowest. The price-to-earnings (P/E) ratio of 11.6 indicates how much investors are willing to pay for each unit of earnings, suggesting it may be reasonably priced compared to earnings. The book value is ₹134, showing the value of its assets minus liabilities. The bank offers a dividend yield of 0.81%, providing some return to shareholders. 

Here's the financial data you provided, organized in a table format:

Quarterly Results 

The table shows the quarterly results of Bandhan Bank for three periods: December 2023, March 2024, and June 2024. In December 2023, the bank earned Rs. 4,665 crores in revenue and had a net profit of Rs. 733 crores. However, in March 2024, the profit dropped to Rs. 55 crores, despite a slight increase in revenue to Rs. 5,189 crores. By June 2024, the bank's performance improved significantly, with revenue rising to Rs. 5,536 crores and net profit climbing to Rs. 1,063 crores. 

Here are the quarterly results for Dec 2023, Mar 2024, and Jun 2024, presented with their particulars in a simple table format:

About Bandhan Bank

Bandhan Bank is a banking and financial services company based in Kolkata, India. It was founded on August 23, 2015, by Chandra Shekhar Ghosh. The bank began as a microfinance organization in 2001, focusing on helping women and promoting financial inclusion. It started its microfinance work in a small village near Kolkata. Over the years, it grew to become the largest microfinance institution in India. In 2014, Bandhan Bank received approval from the Reserve Bank of India to operate as a universal bank. When it officially opened in 2015, it became the first microfinance institution in India to do so.

Today, Bandhan Bank has over 6,297 banking outlets across the country and offers various financial services, including retail and corporate banking, investment management, and wealth management. The bank aims to serve underbanked communities and help people improve their lives through better financial opportunities.