MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- ANDHRA BANK
- ANDHRA BANK Announces Quarterly Results (4QFY19); Net Profit Up 51.4%
ANDHRA BANK Announces Quarterly Results (4QFY19); Net Profit Up 51.4%
Wed, 15 May
ANDHRA BANK has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
ANDHRA BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 46,059 | 47,967 | 48,529 | 1.2% | 5.4% |
| Other income | Rs m | 4,868 | 5,257 | 4,606 | -12.4% | -5.4% |
| Total revenues | Rs m | 50,926 | 53,223 | 53,135 | -0.2% | 4.3% |
| Interest | Rs m | 28,854 | 30,984 | 30,315 | -2.2% | 5.1% |
| Gross Profit | Rs m | 17,205 | 16,983 | 18,215 | 7.3% | 5.9% |
| Other expenses | Rs m | 8,410 | 9,944 | 9,938 | -0.1% | 18.2% |
| Profit before tax | Rs m | -40,631 | -4,236 | -12,236 | ||
| Tax | Rs m | -15,273 | 1,550 | 100 | -93.5% | |
| Profit after tax | Rs m | -25,358 | -5,786 | -12,336 | ||
| Gross profit margin | % | 37.4 | 35.4 | 37.5 | ||
| Effective tax rate | % | 37.6 | -36.6 | -0.8 | ||
| Net profit margin | % | -55.1 | -12.1 | -25.4 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter grew 5.4% on a year-on-year (YoY) basis. The interest expended was up by 5.1% YoY during the same period.
- The bank's operating profit increased by 5.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.5% in 4QFY19 as against 37.4% in 4QFY18.
- Other income declined by 5.4% YoY during the quarter.
- Net profit for the quarter increased by 51.4% YoY. Net profit margins during the quarter increased from -55.1% in 4QFY18 to -25.4% in 4QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 2.2% QoQ during the same period.
- The bank's operating profit increased by 7.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.5% in 4QFY19 as against 35.4% in 3QFY18.
- Net profit for the quarter declined by 113.2% QoQ, while net profit margins declined from -12.1% in 3QFY18 to -25.4% in 4QFY19.
To see how ANDHRA BANK has performed over the last eight quarters, please visit here.
ANDHRA BANK Share Price Performance
Over the last one year, ANDHRA BANK share price has moved up from Rs 35.5 to Rs 24.7, registering a Loss of Rs 10.8 or around 30.5%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 32,369.5 (up 0.4%). Over the last one year it has moved up from 29,706.5 to 32,369.5, a gain of 2,663 points (up 9.0%).
Overall, the S&P BSE SENSEX is up 5.5% over the year.
Current Valuations
At the current price of Rs 24.7, the price to book value (P/BV) ratio of ANDHRA BANK stands at 0.1 times.
|
| |
Related Views on News
ANDHRA BANK Announces Quarterly Results (3QFY19); Net Profit Up 65.0% (Quarterly Result Update)
Feb 15, 2019 | Updated on Feb 15, 2019For the quarter ended December 2018, ANDHRA BANK has posted a net profit of Rs 6 bn (up 65.0% YoY). Sales on the other hand came in at Rs 48 bn (up 5.4% YoY). Read on for a complete analysis of ANDHRA BANK's quarterly results.
ANDHRA BANK Announces Quarterly Results (2QFY19); Net Profit Down 12.7% (Quarterly Result Update)
Nov 5, 2018 | Updated on Nov 5, 2018For the quarter ended September 2018, ANDHRA BANK has posted a net profit of Rs 4 bn (down 12.7% YoY). Sales on the other hand came in at Rs 48 bn (up 7.6% YoY). Read on for a complete analysis of ANDHRA BANK's quarterly results.
Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)
Mar 12, 2018Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?
MAS Financial Services Ltd. (IPO)
Oct 5, 2017Assets Under Management have increased at a CAGR of 33.3% in the preceding five years. The asset quality has remained intact with GNPAs hovering around 1%. With fundamentals looking good, should one subscribe to this IPO?
The Pied Pipers of 'Buy High, Sell Higher' (The 5 Minute Wrapup)
Jul 14, 2017What should you make of Ola drivers turning day traders and Radio Jockeys giving opinion on the Sensex?
More Views on NewsMost Popular
7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)
Jun 13, 2019We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?
The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)
Jun 11, 2019One chart that predicted the NBFC crisis back in 2016.
Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)
Jun 12, 2019This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.
Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)
Jun 10, 2019The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.
Why I Believe Smallcaps Will Catch up to the Sensex(Profit Hunter)
Jun 14, 2019Smallcaps have gone nowhere even as the Sensex makes new all-time highs. Find out why Richa believes this a good opportunity to invest in smallcaps.
More|
| |
ANDHRA BANK SHARE PRICE
Jun 20, 2019 (Close)
TRACK ANDHRA BANK
- Track your investment in ANDHRA BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON ANDHRA BANK
ANDHRA BANK - WELLS FARGO COMPARISON
COMPARE ANDHRA BANK WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
FOLLOW
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "ANDHRA BANK Announces Quarterly Results (4QFY19); Net Profit Up 51.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!