Bandhan Bank Share Price: Bandhan Bank’s net profit fell 42 percent to Rs 426 crore in the third quarter. However, the bank’s net income increased by 12 percent to Rs 2830 crore due to interest. At the same time, there was an improvement in asset quality. Gross NPA fell from 7 percent to 4.7 percent and NPA fell from 2.2 percent to 1.3 percent. Net Interest Margin fell from 7.2 percent to 6.9 percent. Provisions increased from Rs 684 crore to Rs 1376 crore. The operating profit rose 22 percent to Rs 2021 crore. Gross Advances rose 14 percent to Rs 1.32 lakh crore. The CLSA has given outperform rating on the bank while Jefferies has given the opinion of purchases.
Bandhan Bank’s stock closed up at the time of closing the market yesterday. At the end of the market, the stock was seen trading at a level of Rs 2.11 percent or Rs 3.13 at Rs 151.38.
The CLSA gave opinion on Bandhan Bank and said that the NII of the bank in Q3 was according to estimates. The bank’s PPOP & PAT remained weak by estimates. Slipage increased to Rs 1600 crore due to problems in MFI. The bank has taken a technical right-off of Rs 1270 crore. Management believes that continuous improvement in collection affidavits is possible. Slipage in MFI is expected to decrease in 1-2 quarters. Brokerage has given an outperform rating on stock. Its target has been fixed at Rs 220.
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Jefferies on Bandhan Bank
Jefferies said in its report after the results on Bandhan Bank that the bank’s profit in Q3 was less than anticipated. Right-off, lump sum cost saw an impact on profits. Its slips were more than the estimate. Loan growth is likely to be supported by secured loan. They have reduced its profit estimate of 6-8% for FY26-27. Jeffers has given the opinion of shopping on stock. Its target price has been fixed at Rs 185 per share.
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