IDBI: Slow recovery - Views on News from Equitymaster

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

StockSelect
  • MyStocks

MEMBER'S LOGINX

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

IDBI: Slow recovery

Feb 5, 2004

IDBI, formerly the largest developmental finance institution (FI) in the country (now being converted in to a bank), has reported an encouraging December quarter performance. While the institution continues to witness topline pressure, reduced interest expenses have improved bottomline significantly. IDBI's topline fell by 9% in 3QFY04, while its bottomline has improved by 18% on a YoY basis. The 9mFY04 performance has been similar with topline falling by 10% and the bottomline growing by an encouraging 16%, YoY.

(Rs m) 3QFY03 3QFY04 Change 9mFY03 9mFY04 Change
Income from Operations 17,970 16,390 -8.8% 54,970 49,340 -10.2%
Other Income 270 260 -3.7% 810 720 -11.1%
Interest Expenses 14,470 11,600 -19.8% 43,730 35,410 -19.0%
Net interest income 3,500 4,790 36.9% 11,240 13,930 23.9%
Other Expenses 620 700 12.9% 2,020 2,080 3.0%
Operating Profit 2,880 4,090 42.0% 9,220 11,850 28.5%
Operating Profit Margin (%) 16.0% 25.0%   16.8% 24.0%  
Provisions and Contingencies 2,730 3,820 39.9% 8,140 10,070 23.7%
Profit before Tax 420 530 26.2% 1,890 2,500 32.3%
Tax 20 60 200.0% (40) 270 -775.0%
Profit after Tax/(Loss) 400 470 17.5% 1,930 2,230 15.5%
Net Profit Margin (%) 2.2% 2.9%   3.5% 4.5%  
No. of Shares (m) 653.0 653.0   653.0 653.0  
Diluted Earnings per share* 2.5 2.9   3.9 4.6  
P/E Ratio         14.1  
*(annualised)            

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


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

IDBI BANK SHARE PRICE


Apr 12, 2021 09:34 AM

TRACK IDBI BANK

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

IDBI BANK 8-QTR ANALYSIS

COMPARE IDBI BANK WITH

MARKET STATS