AU Small Finance Bank Limited Announces Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 05:56 am EST
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AU Small Finance Bank Limited announced unaudited financial results for the quarter and nine months ended December 31, 2017. For the quarter, the company reported total income of INR 5,702.052 million against INR 3,532.297 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,200.301 million against INR 1,274.471 million for the same period a year ago. Net profit for the period was INR 789.220 million against INR 829.212 million for the same period a year ago. Diluted earnings per share (including and excluding exceptional items) (not annualised) were INR 2.70 per share against INR 2.98 per share for the same period a year ago.
For the nine months, the company reported total income of INR 14,890.805 million against INR 10,291.752 million for the same period a year ago. Profit from ordinary activities before tax was INR 3,184.408 million against INR 10,250.633 million for the same period a year ago. Net profit for the period was INR 2,089.958 million against INR 7,440.617 million for the same period a year ago. Diluted earnings per share (including exceptional items) (not annualised) were INR 7.16 per share against INR 27.32 per share for the same period a year ago. Diluted earnings per share (excluding exceptional items) (not annualised) were INR 7.16 per share against INR 8.34 per share for the same period a year ago.
AU Small Finance Bank Limited is an India-based non-deposit accepting non-banking financial company (NBFC-ND). The Company is engaged in providing a range of banking and financial services, including retail banking, wholesale banking and treasury operations and other services. Its segments include treasury, retail banking, wholesale banking, and other banking businesses. The treasury segment primarily consists of interest from investment portfolios, money market borrowing and lending. The retail banking segment serves retail customers through a branch network and other delivery channels. The wholesale banking segment provides loans and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. Its personal banking includes savings account, salary account, and fixed deposits. It offers various types of loans, which include car loan, home loan, personal loan, tractor loan and others.