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ANDHRA BANK Announces Quarterly Results (4QFY19); Net Profit Up 51.4%

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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 ChangeYoY Change
Operating incomeRs m46,05947,96748,5291.2%5.4%
Other incomeRs m4,8685,2574,606-12.4%-5.4%
Total revenuesRs m50,92653,22353,135-0.2%4.3%
InterestRs m28,85430,98430,315-2.2%5.1%
Gross Profit Rs m17,20516,98318,2157.3%5.9%
Other expensesRs m8,4109,9449,938-0.1%18.2%
Profit before taxRs m-40,631-4,236-12,236
TaxRs m-15,2731,550100-93.5%
Profit after taxRs m-25,358-5,786-12,336
Gross profit margin %37.435.437.5
Effective tax rate%37.6-36.6-0.8
Net profit margin%-55.1-12.1-25.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


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.

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