City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 12988.49 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 1121.43 Crore, down -12.24 % from last quarter Total Income of Rs 1277.80 Crore and down -8.15 % from last year same quarter Total Income of Rs 1220.98 Crore. The bank reported net profit after tax of Rs 111.19 Crore in latest quarter.
Investment Rationale
While near-term asset quality concerns persist due to the second wave disruption, the brokerage reposes faith in CUBK’s SME financing niche, coupled with its robust retail liability franchise to manage the crisis effectively, and take RoA to the pre-covid level of 1.5% in H2FY23E.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 18.6 per cent, DIIs 38.5 per cent and public and others 43.9 per cent.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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