Capital Small Finance Bank has announced its Q1 FY25 financial results. The bank's interest earned in Q1 FY25 reached ₹218 crore, up from ₹204 crore in Q4 FY24, reflecting a modest 6% quarter-on-quarter growth. Despite rising operating costs, the pre-provision operating profit increased by 10% to ₹43 crore. The profit for this quarter stood at ₹30 crore, slightly higher than the ₹28 crore in the previous quarter. However, EPS slightly declined, with Q1 FY25 EPS at 6.66 compared to 6.88 in Q4 FY24. We maintain a neutral stance on this company, and you might recall that we recommended this stock at levels of ₹170-250 and booked profits around ₹450 before the IPO.
About Capital Small Finance Bank:
Capital Small Finance Bank(CSFB) Limited provides a range of banking and financial products and services. They operates through Treasury, Corporate / Wholesale Banking, Retail Banking, and Other Banking Operations segments. It offers current and savings accounts, and term deposits, mortgage loans against properties; financing services to commission agents; loans against rentals; general credit card schemes; and credit cards, as well as schemes for SMEs.
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