Au Small Finance Bank announced Q1FY25 results: Net Interest Margin increases to 6% in Q1FY25 from 5.7% in Q1FY24 Cost of Funds reduced by 7 bps during the quarter to 7.03% in Q1FY25 Disbursement share of High RoA assets increased to 82% of total disbursement during the quarter Net Interest Income (NII) grew 54% YoY to Rs 1,921 crore compared to Rs 1,246 crore during Q1FY24 Core Other Income grew by 77% YoY driven by Fee income, third party products and credit cards PPoP grew by 81% YoY to Rs 988 crore PAT grew 30% YoY to Rs 503 crore for Q1FY25 with annualized RoA of 1.6% and RoE of 13.2% Cost to Income ratio reduced by 509 bps YoY to 59.9% Gross advances and total deposits stood at Rs 90,702 crore and Rs 97,290 crore respectively CASA for the quarter stood at 33%; CASA plus Retail term deposit at 70%; and CASA plus Retail term deposit plus non-callable bulk deposit at 85% PCR at 84% including technical write-off; GNPA ratio as on 30th Jun’24 is 1.78% with no specific pockets of stress or any EWS in the portfolio Created a contingency buffer of Rs 17 crore on the Microfinance portfolio, in line with the guidance of taking Microfinance credit cost at 3% Bank now has total 108 lac+ customers; serves them through a total 2,414 touchpoints across 21 states and 4 UTs with total strength of 46K+ employees Calibrated credit card issuance to 75,000, in line with AU@2027 strategy Fincare SFB merged into AU SFB w.e.f. 1st April 2024 and the integration continues to progress welland remains on schedule without any disruption or surprises Commenting on the performance, Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, “India's economy continued to show robust growth in the first quarter of the current fiscal year. This was driven by strong private consumption and government spending, particularly in infrastructure. Overall, the Indian economy displayed resilience and outperformed many of its peers. Amidst this macro backdrop, AU SFB delivered another quarter of consistent performance across parameters with sustainable growth in our assets, disbursement yields and profitability. Our team’s dedication and our customer-centric approach have contributed to our positive performance this quarter. I am excited that the board has given approval for making our application to the RBI, for transitioning to a universal bank, opening new avenues for our growth and expansion. Going forward, we will continue to focus on sustainable growth, aiming to improve our balance sheet and making progress on our articulated strategy for AU@2027” Result PDF