CSB Bank Reports Flat Q3 FY24-25 Results Amid Mixed Financial Indicators

CSB Bank has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. Notably, the bank's evaluation has undergone an adjustment, with its score rising to 4 from 0 over the past three months.
The financial data highlights several positive aspects for CSB Bank. Interest earned reached a record Rs 919.38 crore, marking consistent growth each quarter over the last five quarters. Additionally, the profit after tax (PAT) stood at Rs 151.63 crore, the highest in the same period, indicating a favorable trend in profitability. Earnings per share (EPS) also peaked at Rs 8.74, reflecting the bank's ability to generate higher earnings for its shareholders.

Conversely, there are areas of concern. The profit before tax (PBT), adjusted for other income, reported a significant decline to Rs -15.25 crore, which is markedly lower than the average PBT of the previous four quarters. Furthermore, non-operating income constituted a substantial 107.47% of PBT, raising questions about the sustainability of this income source. The capital adequacy ratio (CAR) also fell to its lowest at 21.08%, indicating a weakening capital base relative to risk assets.

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