Bank of India: Improving performance - 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?  

Bank of India: Improving performance

Feb 12, 2004

Bank of India (BoI), the second largest public sector bank in the country, recently announced its December quarter results, reporting a 16% YoY rise in net profits, while its topline grew by a marginal 1%. While topline growth was subdued, bottomline grew significantly due to fall in interest expenses as well as control on operating costs. Operating margins have improved by nearly 480 basis points due to the fall in interest expenses. Other income in this period, however, fell marginally.

Rs m 3QFY03 3QFY04 Change
Income from operations 14,683 14,832 1.0%
Other income 3,795 3,789 -0.2%
Interest expenses 9,635 8,875 -7.9%
Net interest income 5,048 5,957 18.0%
Other expenses 4,172 4,361 4.5%
Operating profit 875 1,596 82.3%
Operating profit margin (%) 6.0% 10.8%  
Provisions and contingencies 1,913 2,015 5.3%
Profit before tax 2,757 3,370 22.2%
Tax 789 1,084 37.5%
Profit after tax/(loss) 1,969 2,285 16.1%
Net profit margin (%) 13.4% 15.4%  
No. of shares (m) 488.1 488.1  
Diluted earnings per share* 16.1 18.7  
P/E ratio (x)   3.7  
*(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 - BANK OF MAHARASHTRA COMPARISON

COMPARE BANK OF INDIA WITH

MARKET STATS