{"id":102109,"date":"2023-04-26T17:15:00","date_gmt":"2023-04-26T11:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102109"},"modified":"2023-04-26T17:11:42","modified_gmt":"2023-04-26T11:41:42","slug":"au-small-finance-bank-stock-falls-despite-a-26-increase-in-net-profits-yoy-check-the-targets","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/au-small-finance-bank-stock-falls-despite-a-26-increase-in-net-profits-yoy-check-the-targets\/","title":{"rendered":"AU Small Finance Bank stock falls despite a 26% increase in net profits YoY; Check the targets"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1918459121\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Stocks of AU Small Finance Bank Limited dipped around 2.5 percent today and closed at Rs 644 levels. The scrip observed an intra-day low figure of Rs 630.85 representing a downfall of nearly 5 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2521287921\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This week, the company announced its results for the March quarter as well as the financial year ending 2023. Details regarding the basic operational parameters are been discussed later on in the report.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AUBANK\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">AU Small Finance Bank<\/a><\/strong> is engaged in providing financial services such as personal &amp; wholesale banking, retail loans, insurance, etc. It generates a majority of revenue from the \u2018Retail banking\u2019 segment. The company conducts operations within the country only.\u00a0<\/p><p>The company has been successful in improving its revenues and PAT numbers in recent quarters. Revenues of the company have gone up from Rs 2,413 crores in Q2 to Rs 2,608 crores in Q3. Moreover, the after-tax profits grew from Rs 393 crores to Rs 425 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-913156788\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a look on a yearly basis, the revenues have increased from Rs 6,915 crores in FY21-22 to Rs 9,240 crores in FY22-23. Net profits of the company showed a shift from Rs 1,130 crores to Rs 1,428 crores representing an increase of approximately 26 percent.&nbsp;<\/p><p>Digging into some Bank-specific ratios, the gross, as well as net NPA ratios of the company, have shown a positive intent relative to the previous quarters. The gross NPA ratio went down from 1.81 percent in Q3 to 1.66 percent in Q4. Moreover, the net NPA ratio reduced from 0.51 percent to 0.42 percent during the same period.&nbsp;<\/p><p><strong>Sharekhan gave a \u2018Buy\u2019 recommendation on the stock with a target price of Rs 800<\/strong><strong> <\/strong><strong>indicating an upside of around 24 percent as compared to the current price levels.<\/strong><strong>&nbsp;<\/strong><\/p><p>The rationale behind giving such a recommendation is contributed by stable margins and accelerated asset &amp; investment growth.&nbsp;<\/p><p>According to the latest shareholding data available for the March quarter, promoters have consistently reduced their stake in the company with their current shareholding of 25.54 percent. On the other hand, Foreign Institutional Investors (FIIs) currently hold a 39.71 percent stake in the company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3109861004\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-187036647\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Stocks of AU Small Finance Bank Limited dipped around 2.5 percent today and closed at Rs 644 levels. The scrip observed an intra-day low figure of Rs 630.85 representing a downfall of nearly 5 percent.&nbsp; This week, the company announced its results for the March quarter as well as the financial year ending 2023. Details [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-102109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AU Small Finance Bank stock falls despite a 26% increase in net profits YoY; Check the targets - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Stocks of AU Small Finance Bank Limited dipped around 2.5 percent today and closed at Rs 644 levels. 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