Stock Analysis
City Union Bank Third Quarter 2024 Earnings: EPS: ₹3.42 (vs ₹2.94 in 3Q 2023)
City Union Bank (NSE:CUB) Third Quarter 2024 Results
Key Financial Results
- Revenue: ₹6.63b (up 19% from 3Q 2023).
- Net income: ₹2.53b (up 16% from 3Q 2023).
- Profit margin: 38% (down from 39% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: ₹3.42 (up from ₹2.94 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
City Union Bank Earnings Insights
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in India.
Performance of the Indian Banks industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - City Union Bank has 2 warning signs we think you should be aware of.
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About NSEI:CUB
City Union Bank
City Union Bank Limited engages in the provision of various banking products and services to personal and corporate clients in India.
Adequate balance sheet average dividend payer.