AU SFB Q3 Profit Jumps 26%, Beats Estimates; Asset Quality Stable

• AU Small Finance Bank reported a 26.3% year-on-year increase in net profit, reaching Rs 667.6 crore, surpassing market estimates.
• Net Interest Income (NII) grew by 15.8% year-on-year to Rs 2,341.3 crore, also exceeding market expectations.
• Asset quality remained stable, with Gross NPA improving to 2.30% from 2.41% quarter-on-quarter.
• Net NPA held steady at 0.88% on a quarter-on-quarter basis, indicating consistent asset health.
• Slippages decreased by 13% QoQ to Rs 791 crore, and net credit cost fell by 31% QoQ to Rs 331 crore.

Why It Matters: AU SFB delivered strong Q3 results with significant profit and NII growth, coupled with stable asset quality.