Quarter profit jumps to Rs 218 crore as income rises 28%
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 20.9 pts less than Nifty Microcap 250 and 22.8 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quarterly total income rose 27.7% year on year to Rs 235.75 crore. Net profit jumped to Rs 218.04 crore from Rs 24.14 crore. For the half year, profit was Rs 401.65 crore versus a Rs 199.63 crore loss, but operating cash flow was negative Rs 29.24 crore. Loan-loss provisions fell to Rs 114.99 crore from Rs 207.02 crore. Results included an Rs 84.63 crore reversal after selling bad loans.
The profit jump may support the share price, but the Rs 84.63 crore reversal and negative cash flow mean investors should check earnings quality.