CUB · Financial Services
City Union Bank Ltd. reported total income of ₹1,479 cr for October to December 2024, +11.5% on the year and +3.1% on the quarter. It is the highest quarterly income in the last 7 quarters on record.
Net interest income, interest earned less interest paid, was ₹588 cr, +14.0% on the year and +0.9% on the quarter. For a lender this is the core earnings line: it shows whether the loan book and its pricing are growing faster than the cost of funds.
Net profit was ₹286 cr, +13.0% on the year and +0.4% on the quarter, with earnings per share of ₹2.89. The tax rate of 21% is in line with its recent average.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹1,326 cr | ₹1,374 cr | ₹1,389 cr | ₹1,434 cr | ₹1,479 cr | ₹1,533 cr | ₹1,605 cr | ₹1,653 cr | ₹1,756 cr | ₹1,856 cr | ₹1,985 cr | ₹2,092 cr |
| YoY | — | — | +10% | +10% | +12% | +12% | +16% | +15% | +19% | +21% | +24% | +27% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 20% | 20% | 21% | 20% | 21% | 21% | 20% | 21% | 20% | 22% | 24% | 23% |
| Net profit | ₹253 cr | ₹255 cr | ₹264 cr | ₹285 cr | ₹286 cr | ₹288 cr | ₹306 cr | ₹329 cr | ₹332 cr | ₹360 cr | ₹383 cr | ₹416 cr |
| YoY | — | — | +16% | +1% | +13% | +13% | +16% | +15% | +16% | +25% | +25% | +26% |
| EPS | ₹2.56 | ₹2.58 | ₹2.68 | ₹2.89 | ₹2.89 | ₹2.91 | ₹3.10 | ₹3.33 | ₹3.36 | ₹3.63 | ₹3.86 | ₹4.20 |
| Flags | · | · | · | · | · | · | · | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
City Union Bank Ltd. reported total income of ₹1,479 cr (+11.5% on the year) and net profit of ₹286 cr (+13.0% on the year) for October to December 2024.
None of the 3 checks that could run raised a question.
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