Review

Review of 1 stock recommended in the past.

AU SMALL FINANCE BANK LTD.
Ticker: 540611
FV:  ₹10 
52-Week H/L: ₹732.90/537.93



We recommended AU Small Finance Bank in Volume No. 39, Issue No. 08(dated December 12, 2022) when the scrip was trading at Rs 672.70 level. The latest consolidated quarterly financials of Q3FY23 the company recorded total income of Rs 2,412.96 crore, 36.16 per cent higher than reported in Q3FY22. Interest earned was recorded at Rs 2,118.07 crore in Q3FY23, a robust rise of 41.82 per cent as compared to an interest earned in Q3FY22 of Rs 1,496.45 crore. In Q3FY23 the company recorded a net profit of Rs 392.83 crore in comparison with a net profit of Rs 302.05 crore in Q3FY22, delivering a massively gain of 30.06 per cent. As seen in Q3FY23, AU Small Finance Bank (AUSFB) continues to see high lending demand across segments. The scaling up of the branch network and continued growth momentum augur well for AUSFB's ability to expand its company. AUSFB continues to report good loan growth that is well backed by similarly healthy deposit growth. Hence, we recommend HOLD.