Q1 2026 CSB Bank Ltd Earnings Call Transcript
Key Points
- CSB Bank Ltd (BOM:542867) reported a net profit of INR 119 crores for Q1 FY26, marking a 5% year-on-year increase.
- Operating profit grew by 28% year-on-year, reaching INR 220 crores.
- The bank's other income saw a robust growth of 42% year-on-year, constituting 19% of total income for the quarter.
- Deposit growth momentum continues to be faster than the industry, with a 20% year-on-year increase.
- Net advances grew by 31% year-on-year, significantly higher than the industry growth rate of approximately 10%.
- Net profit growth was limited to 5% due to slightly higher slippage and resulting provisions.
- The cost-to-income ratio, although improved, remains relatively high at 64.70%.
- There was a slight increase in the Gross Non-Performing Assets (GNPA) ratio to 1.84% from 1.69% in the previous year.
- The bank's Return on Assets (ROA) decreased to 1.03% from 1.27% year-on-year.
- The cost of deposits rose unexpectedly during the quarter, contrary to industry trends of declining rates.
Ladies and gentlemen, good day, and welcome to the CSB Bank Q1 FY26 earnings conference call hosted by YES Securities. (Operator Instructions)
Please note that this conference is being recorded. I would now hand the conference over to Mr. Shivaji Thapliyal from YES Securities. Thank you, and over to you, sir.
Thank you, Muskan. Good evening, and a warm welcome to all those who have joined the call. The CSB Bank management is represented by Mr. Pralay Mondal, Managing Director and CEO; Mr. B.K. Divakara, Executive Director; and Mr. Satish Gundewar, Chief Financial Officer. We specifically thank the management of CSB Bank for giving YES Securities the opportunity to host their result call. The management will first be making some opening remarks, after which we will throw the floor open for questions. I now invite the management to make their opening remarks. Pralay, over to you.
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