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  Business   Companies  23 Jan 2020  AU Small Finance Bank stock zooms nearly 8 per cent

AU Small Finance Bank stock zooms nearly 8 per cent

PTI
Published : Jan 23, 2020, 11:35 am IST
Updated : Jan 23, 2020, 11:35 am IST

Total expenses rose to Rs 959.98 crore from Rs 715.62 crore in October-December period of the preceding fiscal.

The stock zoomed 7.82 per cent to Rs 956 on the BSE.
 The stock zoomed 7.82 per cent to Rs 956 on the BSE.

New Delhi: Shares of AU Small Finance Bank on Thursday jumped nearly 8 per cent after the lender reported doubling of net profit for the quarter ended December 2019.

The stock zoomed 7.82 per cent to Rs 956 on the BSE. On the NSE, it gained as much as 7.68 per cent to Rs 955.15.

 

The lender on Wednesday reported doubling of its net profit to Rs 190.19 crore for the quarter ended December 2019, helped by higher income.

The company had clocked a net profit of Rs 95.33 crore during the same period a year ago, AU Small Finance Bank said in a BSE filing. During the said quarter, its total income rose to Rs 1,272.83 crore from Rs 894.29 crore earlier.

Total expenses rose to Rs 959.98 crore from Rs 715.62 crore in October-December period of the preceding fiscal.

Tags: au small finance bank, shares
Location: India, Delhi, New Delhi