For the full year ended March 31, 2025, net profit rose 15.25% to ₹66.64 crore from ₹57.82 crore in the previous year. Total operating income increased 9.35% to ₹1,319.88 crore from ₹1,206.99 crore.
Provisions and contingencies amounted to ₹23.48 crore in FY25, compared to a net reversal of ₹1.22 crore in FY24. Profit before tax rose marginally to ₹71.62 crore from ₹70.48 crore. After a tax expense of ₹4.98 crore, net profit for FY25 stood at ₹66.64 crore, up from ₹57.82 crore in FY24. The capital adequacy ratio under Basel III improved to 16.12% from 12.71%, supported by a rights issue raising ₹297.54 crore, increasing paid-up capital to ₹394.70 crore.
Gross non-performing assets (NPAs) declined to ₹364.11 crore or 2.98% of gross advances from ₹421.21 crore or 4.05%. Net NPAs improved to 0.99% from 1.25%. The provision coverage ratio, including technical write-offs, was 88.84%. Return on assets (annualised) rose to 0.41% from 0.38%. Net worth increased to ₹1,179.50 crore from ₹810.90 crore. The total balance sheet grew to ₹17,936.94 crore from ₹15,961.89 crore, with advances rising to ₹11,959.49 crore and deposits to ₹16,013.45 crore.
Retail banking generated ₹819.14 crore in revenue and ₹52.76 crore in profit, while treasury operations contributed ₹256.73 crore in revenue and ₹49.65 crore in profit. Corporate/wholesale banking incurred a loss of ₹22.58 crore. The bank adopted new RBI investment classification norms from April 1, 2024, recognising a net gain of ₹2.66 crore (net of tax) from revaluation adjustments.
Shares of the lender ended 1.1% higher ahead of the results announcement.
First Published: May 9, 2025 5:00 PM IST
