IDBI: FY01 profits down 27% - Views on News from Equitymaster

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

  • MyStocks


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

IDBI: FY01 profits down 27%

May 28, 2001

IDBI has reported a 27% drop in net profits to Rs 6.9 bn for the year ended March '01 on the back of a sharp decline in other income and operating margins.

(Rs m)FY00FY01Change
Income from Operations 76,191 76,713 0.7%
Other Income 2,405 1,635 -32.0%
Interest Expanded 63,700 65,949 3.5%
Operating Profit (EBDIT) 12,491 10,764 -13.8%
Operating Profit Margin (%)16.4%14.0% 
Other Expenses 2,494 2,761 10.7%
Depreciation 2,132 2,298 7.8%
Profit before Tax 10,270 7,340 -28.5%
Tax 800 430 -46.3%
Profit after Tax/(Loss) 9,470 6,910 -27.0%
Net profit margin (%)12.4%9.0% 
Number of shares (eoy) 660 653  
Diluted Earnings per share 14.5 10.6  
P/E (at current price)  2.4  

IDBI's interest income witnessed a marginal growth of 1% indicating the pressure on its business due to competitive scenario. However, operating expenses including depreciation increased by 9%. One of the reason could be attributed to 13% rise in staff cost in FY01.

During the year IDBI made capital gain of Rs 3.6 bn on sale of its 51% stake in SIDBI. It has announced a bonus in the ratio of 3:5 and declared a dividend of Rs 4.5 per share on the increased share capital.

At the current market price of Rs 24 IDBI is trading at a P/E of 2.4 times FY01 earnings. Its Price/Book value ratio of 0.2 times is indicative of its deteriorating financial health.

Equitymaster requests your view! Post a comment on "IDBI: FY01 profits down 27%". Click here!


More Views on News

IDBI BANK Announces Quarterly Results (4QFY20); Net Profit Up 102.8% (Quarterly Result Update)

Jun 1, 2020 | Updated on Jun 1, 2020

For the quarter ended March 2020, IDBI BANK has posted a net profit of Rs 1 bn (up 102.8% YoY). Sales on the other hand came in at Rs 56 bn (up 2.5% YoY). Read on for a complete analysis of IDBI BANK's quarterly results.

IDBI BANK Announces Quarterly Results (3QFY20); Net Profit Down 37.7% (Quarterly Result Update)

Feb 12, 2020 | Updated on Feb 12, 2020

For the quarter ended December 2019, IDBI BANK has posted a net profit of Rs 58 bn (down 37.7% YoY). Sales on the other hand came in at Rs 49 bn (down 10.1% YoY). Read on for a complete analysis of IDBI BANK's quarterly results.

CAMS IPO: Should You Apply? (IPO)

Sep 18, 2020

Does the company having 70% market share of the mutual fund registrar business have sound prospects?

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

Why am I Recommending Caution? (Fast Profits Daily)

Sep 9, 2020

This is why I have changed my short-term view on the market.

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.


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


Sep 21, 2020 (Close)


  • 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