BANDHAN BANK LTD Announces Quarterly Results (1QFY20); Net Profit Up 45.6%

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BANDHAN BANK LTD Announces Quarterly Results (1QFY20); Net Profit Up 45.6%
Mon, 22 Jul

BANDHAN BANK LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BANDHAN BANK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m15,56218,32721,20615.7%36.3%
Other incomeRs m2,1073,8783,122-19.5%48.2%
Total revenuesRs m17,66922,20524,3289.6%37.7%
InterestRs m5,1905,7527,10223.5%36.8%
Gross Profit Rs m10,37212,57514,10412.2%36.0%
Other expensesRs m4,2734,9215,1504.7%20.5%
Profit before taxRs m7,4059,99910,8228.2%46.1%
TaxRs m2,5883,4913,8109.2%47.2%
Profit after taxRs m4,8176,5097,0117.7%45.6%
Gross profit margin %66.668.666.5
Effective tax rate%34.934.935.2
Net profit margin%31.035.533.1
* 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 36.3% on a year-on-year (YoY) basis. The interest expended was up by 36.8% YoY during the same period.
  • The bank's operating profit increased by 36.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 66.5% in 1QFY20.
  • Other income increased by 48.2% YoY during the quarter.
  • Net profit for the quarter increased by 45.6% YoY. Net profit margins during the quarter increased from 31.0% in 1QFY19 to 33.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 15.7% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 23.5% QoQ during the same period.
  • The bank's operating profit declined by 12.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 66.5% in 1QFY20 as against 68.6% in 4QFY19.
  • Net profit for the quarter increased by 7.7% QoQ, while net profit margins declined from 35.5% in 4QFY19 to 33.1% in 1QFY20.

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

BANDHAN BANK LTD Share Price Performance

Over the last one year,BANDHAN BANK LTD share price has moved down from Rs 687.8 to Rs 515.4, registering a Loss of Rs 172.4 or around 25.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,059.1 (down 1.2%). Over the last one year it has moved up from 29,701.2 to 33,059.1, a gain of 3,358 points (up 11.3%).

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 515.4, the price to earnings (P/E) ratio of BANDHAN BANK LTD stands at 45.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.8 times.

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