X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
BANK OF MAHARASHTRA Announces Quarterly Results (3QFY19); Net Profit Down 530.8%

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 MAHARASHTRA Announces Quarterly Results (3QFY19); Net Profit Down 530.8%
Mon, 28 Jan

BANK OF MAHARASHTRA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

BANK OF MAHARASHTRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m27,24427,88226,457-5.1%-2.9%
Other incomeRs m2,7024,0464,1071.5%52.0%
Total revenuesRs m29,94631,92830,564-4.3%2.1%
InterestRs m18,71817,85317,735-0.7%-5.3%
Gross Profit Rs m8,52610,0298,722-13.0%2.3%
Other expensesRs m7,0346,1318,51138.8%21.0%
Profit before taxRs m-10,547-634-39,898
TaxRs m-4,580-904-2,255
Profit after taxRs m-5,967270-37,643-14041.7%
Gross profit margin %31.336.033.0
Effective tax rate%43.4142.65.7
Net profit margin%-21.91.0-142.3
* 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 fell 2.9% on a year-on-year (YoY) basis. The interest expended was down by 5.3% YoY during the same period.
  • The bank's operating profit increased by 2.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.0% in 3QFY19 as against 31.3% in 3QFY18.
  • Other income increased by 52.0% YoY during the quarter.
  • Net profit for the quarter declined by 530.8% YoY. Net profit margins during the quarter declined from -21.9% in 3QFY18 to -142.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 0.7% QoQ during the same period.
  • The bank's operating profit declined by 13.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.0% in 3QFY19 as against 36.0% in 2QFY18.
  • Net profit for the quarter declined by 14041.7% QoQ, while net profit margins declined from 1.0% in 2QFY18 to -142.3% in 3QFY19.

To see how BANK OF MAHARASHTRA has performed over the last eight quarters, please visit here.

BANK OF MAHARASHTRA Share Price Performance

Over the last one year, BANK OF MAHARASHTRA share price has moved up from Rs 20.7 to Rs 13.8, registering a Loss of Rs 6.9 or around 33.2%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 30,040.9 (down 1.1%). Over the last one year it has moved down from 31,082.1 to 30,040.9, a gain of 1,041 points (down 3.3%).

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 13.8, the price to book value (P/BV) ratio of BANK OF MAHARASHTRA stands at 0.1 times.

Equitymaster requests your view! Post a comment on "BANK OF MAHARASHTRA Announces Quarterly Results (3QFY19); Net Profit Down 530.8%". Click here!

  

Related Views on News

BANK OF MAHARASHTRA Announces Quarterly Results (2QFY19); Net Profit Up 216.2% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, BANK OF MAHARASHTRA has posted a net profit of Rs 270 m (up 216.2% YoY). Sales on the other hand came in at Rs 28 bn (down 5.0% YoY). Read on for a complete analysis of BANK OF MAHARASHTRA's quarterly results.

BANK OF MAHARASHTRA Announces Quarterly Results (1QFY19); Net Profit Up 171.5% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, BANK OF MAHARASHTRA has posted a net profit of Rs 11 bn (up 171.5% YoY). Sales on the other hand came in at Rs 26 bn (down 3.8% YoY). Read on for a complete analysis of BANK OF MAHARASHTRA's quarterly results.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

MAS Financial Services Ltd. (IPO)

Oct 5, 2017

Assets 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, 2017

What should you make of Ola drivers turning day traders and Radio Jockeys giving opinion on the Sensex?

More Views on News

Most Popular

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Indian Stocks Replicating Amazon's Successful Strategy(The 5 Minute Wrapup)

May 10, 2019

The one critical element that has made Amazon a force to reckon with...

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Indian Steel: The Perfect Multibagger Opportunity(Profit Hunter)

May 17, 2019

A structurally strong Indian Steel Industry will help India achieve 8%+ GDP growth in the coming years.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

BANK OF MAHARASHTRA SHARE PRICE


May 23, 2019 (Close)

TRACK BANK OF MAHARASHTRA

  • Track your investment in BANK OF MAHARASHTRA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON BANK OF MAHARASHTRA

BANK OF MAHARASHTRA - WELLS FARGO COMPARISON

COMPARE BANK OF MAHARASHTRA WITH

MARKET STATS