Thrissur, January 28, 2025 – CSB Bank Limited (NSE: CSBBANK, BSE: 542867) has reported its Q3 FY25 financial results, showing a 1.1% year-on-year (YoY) growth in total income, reaching ₹1,138.75 crore, while net profit declined by 5.6% YoY to ₹151.63 crore due to increased provisioning. The bank’s gross non-performing assets (GNPA) ratio rose to 1.58%, reflecting a slight deterioration in asset quality.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Total Income | ₹1,138.75 crore | ₹1,128.17 crore | +1.1% |
| Net Interest Income (NII) | ₹374.45 crore | ₹384.75 crore | -2.7% |
| Operating Profit | ₹220.65 crore | ₹195.87 crore | +12.6% |
| Net Profit (PAT) | ₹151.63 crore | ₹159.97 crore | -5.6% |
| Gross NPA Ratio | 1.58% | 1.22% | +36 bps |
| Net NPA Ratio | 0.64% | 0.31% | +33 bps |
| Capital Adequacy Ratio (CAR) | 21.08% | 22.99% | -191 bps |
| Earnings Per Share (EPS) | ₹8.74 | ₹8.64 | +1.2% |
- Total Income: ₹3,206.84 crore (+6.2% YoY).
- Net Profit: ₹403.36 crore (-2.9% YoY).
- Return on Assets (ROA): 1.39% (down from 1.78% in 9M FY24).
Segment Performance
- Retail Banking: ₹656.55 crore revenue (up 12.2% YoY).
- Corporate/Wholesale Banking: ₹277.77 crore revenue (up 10.2% YoY).
- Treasury Operations: ₹171.10 crore revenue (down 8.7% YoY).
- Other Banking Services: ₹33.33 crore revenue (up 23.8% YoY).
Asset Quality & Provisions
- Provisions & Contingencies: ₹16.53 crore (higher due to asset quality concerns).
- Loan Book Quality:
- Gross NPA rose to ₹458.17 crore, compared to ₹278.73 crore in Q3 FY24.
- Net NPA at ₹182.71 crore, reflecting a minor decline in recovery rates.
Capital Position & Liquidity
- Total Debt-to-Equity Ratio: 104.6%, up from 37.56% YoY, reflecting increased borrowings.
- Cash & Cash Equivalents: ₹9,413 crore, strengthening liquidity reserves.
Management Commentary
Pralay Mondal, Managing Director & CEO, CSB Bank, stated:"Despite near-term asset quality pressures, we remain confident in our long-term growth strategy. The bank’s loan book expansion and digital transformation initiatives will help sustain profitability and efficiency in the coming quarters."
Strategic Outlook
- Continued focus on retail banking and corporate lending.
- Strengthening risk management to address rising NPAs.
- Investing in digital banking and customer engagement strategies.