IDBI Bank's outstanding profit growth - 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?  

IDBI Bank's outstanding profit growth

Jul 27, 2000

IDBI Bank has recorded 26% growth in net profits to Rs 119 m on the interest income of Rs 1.3 bn. Excluding the provision & contingencies, the bank's profits increased by 152% to Rs 255 m. Due to less than proportionate increase in the interest expenditure, the bank's operating margins rose to 19.5%.

(Rs m) 1QFY00 1QFY01 Change
Interest Income 842 1,252 48.7%
Other Income 109 244 123.2%
Interest Expended 694 1,009 45.3%
Operating Profit (EBDIT) 148 244 64.9%
Operating Profit Margin (%) 17.5% 19.5%  
Other Expenses 102 169 66.7%
Depreciation 20 25 23.9%
Profit before Tax 136 294 116.7%
Provision & Contingencies 7 136 1956.1%
Tax 34 39 13.4%
Profit after Tax/(Loss) 95 119 25.8%
Net profit margin (%) 11.2% 9.5%  
No. of Shares (eoy) (m) 140.0 140.0  
Diluted number of shares 140.0 140.0  
Diluted Earnings per share* 2.7 3.4  
*(annualised)      

The bank's deposits witnessed a growth of 28% to Rs 38 bn and advances grew by 45% to Rs 16 bn.

At the current market price of Rs 24.5, IDBI Bank is trading at PER of 7 times its 1QFY01 earnings. The bank has Price/Book value ratio of 1.3 times.


Equitymaster requests your view! Post a comment on "IDBI Bank's outstanding profit growth". Click here!

  

More Views on News

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

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.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

More

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

TRACK IDBI

MARKET STATS