Corporation Bank has reported a sharp rise in operating margins to 34.6% in 3QFY01 from 30.2% in the corresponding previous quarter. The bank's net profits grew by 26% and interest income witnessed a rise of 12% during the quarter.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Provisions & Contingencies
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy)
Diluted Earnings per share*
P/E (at current price)
The bank's deposits and advances for the nine months period ended December 2000 increased by 4.6% and 13.6% respectively. Its credit to deposit ratio also advanced to 51% (from 47%) during the same period. Higher volume growth fueled the topline growth of the bank.
At the current market price of Rs 98 Corporation Bank is trading at a P/E multiple of 4 times its 3QFY01 annualised earnings and Price/Book value ratio of 1 time.
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