CSB Bank (CSBBANK) Q3 24/25 earnings summary

Executive summary

• Net profit for Q3 FY25 was ₹152 crore (₹15,163 lakhs), up marginally YoY and 10% QoQ; operating profit grew 13% YoY and 10% QoQ.

• Other income surged 75% YoY, now constituting 19% of total income, driven by strong fee income.

• Advances grew 26% YoY to ₹28,915 crore, outpacing industry growth; gold loans up 36% YoY, SME up 29%, and other retail up 32%.

• Asset quality improved sequentially with GNPA at 1.58% and NNPA at 0.64%, though both increased YoY.

• Balance sheet size grew 30% YoY to ₹43,109 crore; total business reached ₹62,322 crore.

Financial highlights

• Total income for Q3 FY25 reached ₹1,139 crore (₹113,875 lakhs), up 28% YoY.

• Cost-to-income ratio improved to 62.9% from over 65% in the previous quarter.

• CASA grew 7% YoY; CASA ratio at 24.07%.

• Book value per share stood at ₹236.

• EPS for the quarter was ₹34.68; ROE at 15.28%; ROA at 1.52%.

Outlook and guidance

• Capital adequacy ratio (Basel III) stood at 21.08% as of December 31, 2024.

• Tech transformation (CBS migration) to complete in Q1 FY26, stabilize by Q2, and leverage from Q3 FY26.

• Retail asset transformation journey initiated, with visible results expected in the next year.

• SBS 2030 strategy targets transformation into a mid-sized, new-age bank with national presence by 2030.

• Credit growth in the coming quarter will depend on liability growth and deposit mobilization.