The Q1’25 financial results highlight a notable 20% increase in Profit After Tax, rising from Rs. 5,982 crore in Q1’24 to Rs. 7,182 crore in Q1’25. The Loan Asset Book surpassed the 10 lakh crore milestone, reaching Rs. 10,04,735 crore as of 30th June 2024, compared to Rs. 8,86,723 crore as of 30th June 2023.
Including non-controlling interest, the Net Worth increased by 20%, from Rs. 1,18,367 crore as of 30th June 2023 to Rs. 1,41,940 crore as of 30th June 2024. Focused resolution efforts led to a reduction in Gross NPA to below 3%, now at 2.97% in Q1’25 from 3.54% in Q1’24, and Net NPA declined significantly by 16 basis points, from 1% in Q1’24 to 0.84% in Q1’25. On a standalone basis, Profit After Tax achieved a substantial 24% increase, from Rs. 3,007 crore in Q1’24 to Rs. 3,718 crore in Q1’25, with an interim dividend declared by the Board at Rs. 3.25 per share for Q1’25.
The Loan Asset Book experienced a 10% growth, from Rs. 4,32,339 crore as of 30th June 2023 to Rs. 4,75,007 crore as of 30th June 2024, and strong capital adequacy levels were maintained with a CRAR of 27.10% as of 30th June 2024, and Tier 1 capital at 24.86%.
The company’s Net Worth surpassed the Rs. 80,000 crore mark, reaching Rs. 83,265 crore as of 30th June 2024, a 17% increase from 30th June 2023. Notably, no new NPAs were added in over a year, with the Gross NPA ratio significantly reducing by 44 basis points, from 3.82% in Q1’24 to 3.38% in Q1’25, and the Net NPA ratio decreasing by 17 basis points, from 1.04% in Q1’24 to 0.87% in Q1’25.
These results underscore our strong financial performance and dedication to maintaining high asset quality and capital adequacy. The focused efforts on resolution and recovery have significantly contributed to the reduction in NPAs, positioning us for sustained growth and stability.
