BANDHAN BANK LTD Announces Quarterly Results (2QFY20); Net Profit Up 99.3%

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BANDHAN BANK LTD Announces Quarterly Results (2QFY20); Net Profit Up 99.3%
Thu, 31 Oct

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

BANDHAN BANK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Operating incomeRs m16,05621,20626,90326.9%67.6%
Other incomeRs m2,3043,1223,60315.4%56.3%
Total revenuesRs m18,36124,32830,50525.4%66.1%
InterestRs m5,2827,10211,61263.5%119.9%
Gross Profit Rs m10,77514,10415,2908.4%41.9%
Other expensesRs m4,3395,1505,82413.1%34.2%
Profit before taxRs m7,49810,82211,6147.3%54.9%
TaxRs m2,6223,8101,896-50.2%-27.7%
Profit after taxRs m4,8777,0119,71838.6%99.3%
Gross profit margin %67.166.556.8
Effective tax rate%35.035.216.3
Net profit margin%30.433.136.1
* 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 67.6% on a year-on-year (YoY) basis. The interest expended was up by 119.9% YoY during the same period.
  • The bank's operating profit increased by 41.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.8% in 2QFY20 as against 67.1% in 2QFY19.
  • Other income increased by 56.3% YoY during the quarter.
  • Net profit for the quarter increased by 99.3% YoY. Net profit margins during the quarter increased from 30.4% in 2QFY19 to 36.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 26.9% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 63.5% QoQ during the same period.
  • The bank's operating profit increased by 8.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.8% in 2QFY20 as against 66.5% in 1QFY19.
  • Net profit for the quarter increased by 38.6% QoQ, while net profit margins increased from 33.1% in 1QFY19 to 36.1% in 2QFY20.

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

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BANDHAN BANK LTD Share Price Performance

Over the last one year,BANDHAN BANK LTD share price has moved up from Rs 390.9 to Rs 621.3, registering a Gain of Rs 230.4 or around 58.9%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 34,036.8 (up 0.6%). Over the last one year it has moved up from 28,359.6 to 34,036.8, a gain of 5,677 points (up 20.0%).

Overall, the S&P BSE SENSEX is up 18.7% over the year.

Current Valuations

At the current price of Rs 621.3, the price to earnings (P/E) ratio of BANDHAN BANK LTD stands at 44.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.6 times.

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