BOI: Losing momentum - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BOI: Losing momentum

Jan 30, 2003

Bank of India, one of the largest public sector banks in the country, has reported a robust 27% YoY bottomline growth in 3QFY03. The interest income i.e. the topline has however disappointed recording a lackluster 6% growth. Operating margins have also fallen due to a significant increase in operating expenses. Though the bottomline growth has been robust, it has been lower than what was seen in 1QFY03 (47%) and 2QFY03 (44%).

(Rs m) 3QFY02 3QFY03 Change 9m FY02 9m FY03 Change
Income from Operations 13,837 14,683 6.1% 41,693 43,934 5.4%
Other Income 2,210 3,795 71.7% 6,804 10,219 50.2%
Interest Expenses 8,917 9,635 8.0% 27,814 28,967 4.1%
Net interest income 4,920 5,048 2.6% 13,878 14,967 7.8%
Other Expenses 3,691 4,172 13.0% 11,036 12,079 9.4%
Operating Profit 1,228 875 -28.7% 2,842 2,888 1.6%
Operating Profit Margin (%) 8.9% 6.0%   6.8% 6.6%  
Provisions and Contingencies 1,482 1,913 29.0% 4,120 5,377 30.5%
Profit before Tax 1,956 2,757 41.0% 5,527 7,730 39.9%
Tax 404 789 95.1% 1,420 2,046 44.1%
Profit after Tax/(Loss) 1,552 1,969 26.9% 4,107 5,685 38.4%
Net Profit Margin (%) 11.2% 13.4%   9.9% 12.9%  
No. of Shares (m) 638.5 488.1   638.5 488.1  
Diluted Earnings per share (Rs)* 12.7 16.1   11.2 15.5  
P/E Ratio (x)         2.6  
*(annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

BANK OF INDIA SHARE PRICE


Sep 25, 2020 (Close)

TRACK BANK OF INDIA

  • Track your investment in BANK OF INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BANK OF INDIA - ALLAHABAD BANK COMPARISON

COMPARE BANK OF INDIA WITH

MARKET STATS