Bandhan Bank Q3 Result: Bandhan Bank received strong shock in the December quarter. The bank’s net profit fell 42 per cent to Rs 426 crore on an annual basis. The bank received a net profit of Rs 733 crore in the same quarter of the last financial year 2024. The bank today released the results of the third quarter of October-December 2024 of the current financial year 2024-25 after the closure of the equity market. Earlier, the bank’s stock in the stock market has closed at Rs 151.45 (Bandhan Bank Share Price) with a gain of 2.19 per cent on BSE. It had jumped 2.97 per cent in intra-day to Rs 152.60.
Bandhan Bank Q3 Result: Special things
In the December quarter, Bandhan Bank’s net profit fell 42 per cent to Rs 426 crore on an annual basis. However, the bank’s net income rose by 12 per cent to Rs 2830 crore from the interest. At the same time, there is an improvement in asset quality. Gross NPA fell from 7 percent to 4.7 percent and NPA fell from 2.2 per cent to 1.3 per cent. Net Interest Margin fell from 7.2 per cent to 6.9 per cent. Provisions increased from Rs 684 crore to Rs 1376 crore. The operating profit rose 22 per cent to Rs 2021 crore. Gross Advances rose 14 per cent to Rs 1.32 lakh crore.
How was the move of shares in a year?
Bandhan Bank shares were at Rs 232.50 on 2 February 2024 last year, which is a one -year record high level for its shares. This rise of shares stopped here and in 11 months from this high level, it slipped more than 41 per cent to Rs 137.05 on 13 January 2025, which is a record low of one year for its shares. At the lower level, more than 10 per cent recovery was recovered on the basis of shares and purchases, but still it is about 35 per cent downside from one year of highs.
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