BANDHAN BANK LTD Announces Quarterly Results (3QFY20); Net Profit Up 120.7%

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?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

BANDHAN BANK LTD Announces Quarterly Results (3QFY20); Net Profit Up 120.7%
Wed, 15 Jan

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

BANDHAN BANK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Operating incomeRs m16,49626,90327,1761.0%64.7%
Other incomeRs m2,3413,6033,577-0.7%52.8%
Total revenuesRs m18,83730,50530,7530.8%63.3%
InterestRs m5,25611,61211,7741.4%124.0%
Gross Profit Rs m11,24015,29015,4030.7%37.0%
Other expensesRs m4,5765,8246,3418.9%38.6%
Profit before taxRs m5,22811,6149,690-16.6%85.3%
TaxRs m1,9161,8962,38025.5%24.2%
Profit after taxRs m3,3139,7187,310-24.8%120.7%
Gross profit margin %68.156.856.7
Effective tax rate%36.616.324.6
Net profit margin%20.136.126.9
* 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 64.7% on a year-on-year (YoY) basis. The interest expended was up by 124.0% YoY during the same period.
  • The bank's operating profit increased by 37.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.7% in 3QFY20 as against 68.1% in 3QFY19.
  • Other income increased by 52.8% YoY during the quarter.
  • Net profit for the quarter increased by 120.7% YoY. Net profit margins during the quarter increased from 20.1% in 3QFY19 to 26.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 1.4% QoQ during the same period.
  • The bank's operating profit increased by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.7% in 3QFY20 as against 56.8% in 2QFY19.
  • Net profit for the quarter declined by 24.8% QoQ, while net profit margins declined from 36.1% in 2QFY19 to 26.9% in 3QFY20.

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

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now
BANDHAN BANK LTD Share Price Performance

Over the last one year,BANDHAN BANK LTD share price has moved up from Rs 451.8 to Rs 506.0, registering a Gain of Rs 54.2 or around 12.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 36,237.4 (down 0.8%). Over the last one year it has moved up from 30,681.8 to 36,237.4, a gain of 5,556 points (up 18.1%).

Overall, the S&P BSE SENSEX is up 16.5% over the year.

Current Valuations

At the current price of Rs 506.0, the price to earnings (P/E) ratio of BANDHAN BANK LTD stands at 31.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

Equitymaster requests your view! Post a comment on "BANDHAN BANK LTD Announces Quarterly Results (3QFY20); Net Profit Up 120.7%". Click here!

  

Related Views on News

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

Oct 31, 2019 | Updated on Oct 31, 2019

For the quarter ended September 2019, BANDHAN BANK LTD has posted a net profit of Rs 10 bn (up 99.3% YoY). Sales on the other hand came in at Rs 27 bn (up 67.6% YoY). Read on for a complete analysis of BANDHAN BANK LTD's quarterly results.

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

Jul 22, 2019 | Updated on Jul 22, 2019

For the quarter ended June 2019, BANDHAN BANK LTD has posted a net profit of Rs 7 bn (up 45.6% YoY). Sales on the other hand came in at Rs 21 bn (up 36.3% YoY). Read on for a complete analysis of BANDHAN BANK LTD's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

BANDHAN BANK LTD SHARE PRICE


Apr 3, 2020 (Close)

TRACK BANDHAN BANK LTD

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

MORE ON BANDHAN BANK LTD

BANDHAN BANK LTD - HDFC BANK COMPARISON

COMPARE BANDHAN BANK LTD WITH

MARKET STATS