AU Small Finance Bank Q1 net up 32% YoY to Rs 268 cr, down 23% sequentially

Improvement in NII, even as trading losses weigh on profitability

AU Small Finance Bank’s net profit rose 32 per cent year on year (YoY) to Rs 268 crore in the quarter ended June (Q1FY23), on the back of improvement in its net interest income.

The Jaipur-based lender had posted a net profit of Rs 203 crore during the same period last year (Q1FY22). Sequentially, its net profit fell by 23 per cent from Rs 346 crore in Q4FY22.

The bank’s stock closed 1.92 per cent higher at Rs 576.75 per share on BSE on Wednesday.

The lender's net interest income (NII) was up 35 per cent in Q1FY23 to