Bandhan Bank Q1 FY25 Results: Net Profit Rises 47%, Beats Expectations, Stock Jumps 10%

Bandhan Bank, a prominent private sector lender, announced its financial results for the first quarter of FY25 on July 26, showcasing a robust performance across various key metrics despite challenging market conditions.

 Q1 FY25 Financial Performance

Bandhan Bank recorded a notable 47.5% year-on-year (YoY) rise in net profit, amounting to Rs. 1,063.5 crore for the first quarter of FY25. This is a significant improvement from the Rs. 721 crore profit reported in the same period of the previous year. The cost-to-income ratio for the quarter improved to 45%, down from 48% in the previous quarter.  As of June 30, 2024, Bandhan Bank’s total deposits stood at Rs. 1.33 lakh crore, reflecting a 23% YoY growth but a 1.5% decline on a quarter-on-quarter basis. Gross advances for the quarter were Rs. 1.26 lakh crore, up 22% YoY and 0.7% QoQ.

CEO and MD’s Remarks

Bandhan Bank’s MD and CEO, Ratan Kumar Kesh, expressed satisfaction with the bank’s performance, stating, “During the first quarter of the year, the bank has achieved remarkable growth across key metrics. Our robust performance reflects our team’s resilience and strategic agility amid challenging market conditions.”

Conclusion: Bandhan Bank’s first quarter results for FY25 highlight the bank’s ability to achieve significant profit growth and maintain stable net interest margins, despite an increase in NPAs and a slight decline in deposits on a quarter-on-quarter basis. The bank’s leadership remains optimistic about sustaining its growth trajectory amid the evolving market landscape. On the back of strong results for Q1 FY25, the stock of Bandhan Bank has surged by 10% today.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.