Capital Small Finance Bank announced its Q1 FY25 results posting a positive growth

Capital Small Finance Bank Limited has announced its unaudited financial results for the quarter ended June 30, 2024. The financials show a solid performance with the Bank reporting an increase in interest earned, which stood at INR 218 Cr for Q1FY25, compared to INR 204 Cr in Q4FY24, marking a 6% growth Q-o-Q. The net interest income (NII) grew by 14% both Q-o-Q and Y-o-Y, reaching INR 99 Cr in Q1FY25 from INR 87 Cr in the previous quarter.

Operating expenses rose to INR 73 Cr from INR 68 Cr in the previous quarter, reflecting a 7% increase. Despite higher operating costs, the pre-provision operating profit increased to INR 43 Cr, up by 10% from INR 39 Cr in Q4FY24. Provisions and contingencies also saw an uptick, amounting to INR 13 Cr compared to INR 11 Cr in the previous quarter.

The profit for the period was INR 30 Cr, showing a slight increase from the previous quarter's INR 28 Cr. Earnings per share were slightly down, with basic EPS at INR 6.66 for Q1FY25 compared to INR 6.88 in Q4FY24.

In terms of asset and liability management, the Bank's total deposits grew to INR 7,778 Cr as of June 30, 2024, from INR 7,478 Cr as of March 31, 2024. Advances also increased, reaching INR 6,304 Cr from INR 6,075 Cr during the same period. The Bank's capital and reserves rose to INR 1,183 Cr reflecting the institution's strong capital base and prudent financial management.