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RBL Bank Ltd.reported its earnings for the third quarter on Saturday, January 17.
Its net profit of ₹214 crore was lower than Street estimates of ₹265 crore. In the third quarter last year, its net profit had come in at ₹33 crore.
The lender's net interest income of ₹1,657.2 crore was higher than the CNBC-TV18 poll's ₹1,640 crore. It was also 4.5% more than the previous year's ₹1,585 crore.
RBL Bank's net non-performing assets (NPA) declined to ₹567 crore in the December quarter from ₹572.4 crore in the previous quarter, with its net NPA margin contracting to 0.55% from 0.57% sequentially.
Meanwhile, the lender's gross NPA too declined to ₹1,961.5 crore from ₹2,377.6 crore in the previous quarter. Its gross NPA margin contracted to 1.88% from 2.32% sequentially.
Shares of RBL Bank ended the previous session 4% up at 324.5 apiece. The stock has gained 109.2% in the past year.
Also Read: L&T Finance Q3 results: Profit up 18% on healthy NII growth, retail traction
Its net profit of ₹214 crore was lower than Street estimates of ₹265 crore. In the third quarter last year, its net profit had come in at ₹33 crore.
The lender's net interest income of ₹1,657.2 crore was higher than the CNBC-TV18 poll's ₹1,640 crore. It was also 4.5% more than the previous year's ₹1,585 crore.
RBL Bank's net non-performing assets (NPA) declined to ₹567 crore in the December quarter from ₹572.4 crore in the previous quarter, with its net NPA margin contracting to 0.55% from 0.57% sequentially.
Meanwhile, the lender's gross NPA too declined to ₹1,961.5 crore from ₹2,377.6 crore in the previous quarter. Its gross NPA margin contracted to 1.88% from 2.32% sequentially.
Shares of RBL Bank ended the previous session 4% up at 324.5 apiece. The stock has gained 109.2% in the past year.
Also Read: L&T Finance Q3 results: Profit up 18% on healthy NII growth, retail traction
