On Wednesday, the share price of the company rose by 2.8% to its intraday high of ₹736.4 per share from its previous close of ₹715.95 after the bank merged with a Fincare small finance bank.
In the exchange filing as of January 23, AU Small Finance Bank Limited has received approval from the Competition Commission of India (CCI) for the amalgamation of Fincare Small Finance Bank Limited into AU Small Finance Bank Limited.
The net revenue of AU Small Finance Bank Ltd. increased 27% YoY from ₹1,992 crores in Q2FY23 to ₹2,531 crores in Q2FY24, and it increased 3% in the quarter from ₹2,458 crores in Q1FY24, according to the bank’s financial statements.
Furthermore, the net profit increased by 3.8% QoQ from ₹387 crores in Q1FY24 but fell by 17% YoY from ₹343 crores in Q2FY23 to ₹402 crores in Q2FY24.
The AU Small Finance Bank Ltd is a Large-cap company with a market capitalization of ₹50,000 crores, the share price of the company has risen by 15% in the last year.
AU Small Finance Bank Limited has a return on equity of 15.4 %, a return on capital employed of 7.39 %, a net profit margin of 17.4 %, and a net interest margin of 6.1%.
The promoters hold 25.49 percent of the company, while institutional investors from abroad own 41.65 percent, the general public owns 19.01%, and domestic institutional investors own 13.86 percent.
AU Small Finance Bank Limited is a non-deposit-accepting non-banking financial company (NBFC-ND) headquartered in India. The Company offers a variety of banking and financial services, including retail banking, wholesale banking, and treasury operations.
Written by Sriram KV
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