AU Small Finance Bank Limited (NSE: AUBANK) is a leading Indian small finance bank, headquartered in Jaipur, Rajasthan. The bank offers a wide range of banking and financial services to its customers, including retail and corporate banking, microfinance, housing finance, and insurance. It has a strong presence in North India and has a customer base of over 20 million. Its mission is to provide financial inclusion and empower its customers to achieve their financial goals. Due to its customer-centric approach and innovative use of technology to provide seamless banking services, the bank has won several awards and recognitions.
In terms of earnings, Total Income for Q3 FY23 was ₹2,412.96 crore, a 36% increase from ₹1,772.09 crore in the same period last year. Meanwhile, the Profit Before Tax improved to ₹523.07 Crore from ₹402.46 Crore from the same quarter previous year. The Consolidated Net Profit was ₹392.82 crore, up 30% from ₹302.04 crore in the same quarter last year. This quarter’s earnings per share was ₹5.87. In the same time period, the company’s Tax Expense increased up to ₹130.24 Crore from ₹100.14 Crore.