Q1FY19 Results: RBL Bank posts strong performance

RBL Bank’s Q1FY19 performance continues to remain top-class with stable GNPAs over the quarters. The advances growth also gives significant strength to the stock.

The net interest income rose by 46 per cent yoy and 10.5 per cent qoq to Rs. 552 crore in Q1FY19 vs Rs .378 crore in the same period previous year and Rs. 500 crore in Q4FY18. This was largely due to buoyancy in the interest income growth.

The asset quality remained strong over the previous quarters. The GNPA for the quarter remained unchanged at 1.4 per cent in Q1FY9 vs 1.4 per cent in the previous quarter and 1.46 per cent in Q1FY18.

 The total GNPAs increased 5 per cent qoq and 30 per cent yoy to Rs. 595 crore for Q1FY19.

The provisions remained elevated by 24 per cent qoq and 48 per cent yoy to Rs. 140 crore in Q1FY18 vs Rs. 112 crore in previous quarter. The net profit for the quarter rose to Rs. 190 crore in Q1FY19 vs Rs. 141 crore in previous year's corresponding quarter.

The advances for the quarter rose by 5 per cent qoq and 36 per cent yoy to Rs. 42,198 crore in Q1FY19 vs Rs. 40,267 crore in previous quarter and Rs. 31,108 crore in previous year same quarter

At 2:45 hours, the stock was down by 1.45 per cent post results and currently trading at Rs.556 mark