RBL Bank Q3 2024-2025 Results: Net Profit Declines, Revenues Rise, and Strategic Moves Highlighted

RBL Bank Limited has announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2024. Key highlights from the report are as follows:

Revenues: The bank’s total income for the quarter stood at ₹461.05 crore, showing an increase from ₹396.88 crore in the same quarter last year (December 31, 2023), but a slight dip from ₹445.90 crore in the previous quarter (September 30, 2024).

Net Profit: RBL Bank recorded a net profit of ₹23.17 crore for the quarter ended December 31, 2024. This is a slight decrease from the previous quarter’s profit of ₹24.49 crore, but a significant drop from ₹63.01 crore reported during the same quarter last year.

Earnings Per Share (EPS): The bank’s basic EPS for the quarter was ₹0.78, compared to ₹3.82 in the previous quarter and ₹4.07 in the same quarter the previous year.

Non-Performing Assets (NPAs): While the exact consolidated NPA ratio is not provided, the bank made an additional provision of ₹414.01 crore for non-performing loans from the Joint Liability Group (JLG) portfolio during the quarter and nine months ended December 31, 2024. This provision points to potential challenges in asset quality.

Key Investor Takeaways:

• RBL Bank participated in an Initial Public Offering (IPO) of another company through an offer for sale, divesting its entire holding and earning a net gain of ₹144.15 crore during the quarter and nine months ended December 2024.
• The bank benefited from favorable appellate orders for previous assessment years, resulting in a write-back of tax provisions amounting to ₹150.13 crore.
• RBL Bank also securitized a personal loan portfolio worth ₹184.37 crore during the quarter, investing in the subordinated tranche and providing credit enhancement.