Karur Vysya Bank Q1 results show a revenue rise from 2169.13 to 2216.07 crores, a 2.16% increase in growth. EPS also rise from Rs.4.20 to Rs.4.46, up by 6.19%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Karur Vysya Bank shared its Q1 results on Monday. They earned 2216.07 crores in revenue this quarter, but that’s more than the 2169.13 crores they made last quarter. The bank’s growth increased by 2.16 percent when comparing the two quarters.
In terms of profits, Karur Vysya Bank’s Standalone PAT (Profit After Tax) for this quarter was 358.63 crores, up from 337.82 crores in the previous quarter. Their quarter-to-quarter growth inclined by 6.16 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.4.46, which is an increase of 6.19% from the Rs.4.20 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.59% this quarter from 0.74% in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 2216.07 crores this year (2023), which is 32.49 percent higher than last year’s total revenue of 1672.60 crores.
This Year’s PAT (Profit After Tax) is 358.63 crores, which is also 56.78% higher than last year’s PAT of 228.75 crores.
The EPS (Earnings Per Share) for this year is 4.46 crores, which is 55.94% more than the EPS of 2.86 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 1.99% this year from 5.28% in the previous year.
The CAR (capital adequacy ratio) of the bank decreased to 17.67 percent this year from 18.95 percent in the previous year.
The ROA (return on assets) of the bank increased to 1.53 percent in this quarter from 1.09 percent in the previous year.
Karur Vysya Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
Also Read: LTIMindtree Q1FY24 Results: Consolidated PAT of Rs. 1151.5 Cr
About Karur Vysya Bank:
Karur Vysya Bank is a scheduled commercial bank based in Karur, Tamil Nadu, India. It was established in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank’s headquarters are located in Karur, and it operates primarily in the treasury, corporate/wholesale banking, and retail banking sectors.
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