Bandhan Bank rises after Q3 PAT jumps 35% YoY.
Profit before tax rose 35.4% to Rs 1,144 crore in Q3 FY22 over Q3 FY21. Operating profit before provisions and contingencies rose 1.4% to Rs 1950.14 crore in Q3 FY22 as compared to Rs 1,923.18 crore in Q3 FY21.
Net Interest Income (NII) for the quarter grew by 2.6% to Rs 2,124.7 crore as against Rs 2,071.7 crore in the corresponding quarter of the previous year. Net interest margin (annualised) for the quarter ended 31 December 2021 stood at 7.8% as against 7.6% in Q2 FY22.
Gland Pharma Q3 PAT rises 34% YoY.
Revenue from operations during the third quarter of financial year 2022 grew by 24% to Rs 1063.3 crore as compared to corresponding quarter of the previous year. The growth in revenue was on account of launch of new products and volume growth in existing products, the company said.
The company's key market, USA, has seen a YoY revenue growth rate of 23% for the quarter, including the India sales for USA market. Its core markets, US, Canada, Europe, and Australia accounted for 63% of the revenue during Q3 FY22.
Yes Bank Q3 PAT rises 77% YoY to Rs 266 cr.
Meanwhile, the bank's total income fell 12.1% to Rs 5,632 crore in Q3 FY22 over Q3 FY21. Profit before tax surged to Rs 356 crore in Q3 FY22 from Rs 86.7 crore reported in Q3 FY21. Meanwhile, the bank's operating profit before provisions & contingencies fell 66.4% to Rs 730.68 crore in Q3 FY22 over Q3 FY21.
Net interest income (interest earned less interest expended) declined 31.1% to Rs 1,764 crore in Q3 FY22 from RS 2,560 crore posted in Q3 FY21. Net interest margin declined to 2.4% in Q3 FY22 from 3.4% in Q3 FY21.
ICICI Bank gains after Q3 PAT rises 25% YoY.
The profit before tax increased by 34% to Rs 8,141 crore in Q3 FY22 from Rs 6,078 crore in Q3 FY21.
The core operating profit (profit before provisions and tax, excluding treasury income) increased by 25% to Rs 10,060 crore in the quarter ended 31 December 2021 from Rs 8,054 crore in the quarter ended 31 December 2020.
Net interest income (NII) in Q3 FY22 stood at Rs 12,236 crore, up by 23% from Rs 9,912 crore in Q3 FY21. The net interest margin was 3.96% in the quarter ended 31 December 2021 as against 3.67% in the quarter ended 31 December 2020 and 4% in the quarter ended 30 September 2021.
