BANDHAN BANK LTD Announces Quarterly Results (4QFY19); Net Profit Up 67.8%

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BANDHAN BANK LTD Announces Quarterly Results (4QFY19); Net Profit Up 67.8%
Tue, 7 May

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

BANDHAN BANK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m13,50616,49618,32711.1%35.7%
Other incomeRs m2,0342,3413,87865.7%90.7%
Total revenuesRs m15,54018,83722,20517.9%42.9%
InterestRs m4,8725,2565,7529.4%18.1%
Gross Profit Rs m8,63411,24012,57511.9%45.6%
Other expensesRs m3,6304,5764,9217.5%35.6%
Profit before taxRs m5,9475,2289,99991.3%68.1%
TaxRs m2,0691,9163,49182.2%68.7%
Profit after taxRs m3,8793,3136,50996.5%67.8%
Gross profit margin %63.968.168.6
Effective tax rate%34.836.634.9
Net profit margin%28.720.135.5
* 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 35.7% on a year-on-year (YoY) basis. The interest expended was up by 18.1% YoY during the same period.
  • The bank's operating profit increased by 45.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 68.6% in 4QFY19 as against 63.9% in 4QFY18.
  • Other income increased by 90.7% YoY during the quarter.
  • Net profit for the quarter increased by 67.8% YoY. Net profit margins during the quarter increased from 28.7% in 4QFY18 to 35.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 11.1% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 9.4% QoQ during the same period.
  • The bank's operating profit increased by 11.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 68.6% in 4QFY19 as against 68.1% in 3QFY18.
  • Net profit for the quarter increased by 96.5% QoQ, while net profit margins increased from 20.1% in 3QFY18 to 35.5% in 4QFY19.

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 up from Rs 494.4 to Rs 600.6, registering a Gain of Rs 106.2 or around 21.5%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,164.2 (up 0.1%). Over the last one year it has moved up from 28,983.3 to 33,164.2, a gain of 4,181 points (up 14.4%).

Overall, the S&P BSE SENSEX is up 9.9% over the year.

Current Valuations

At the current price of Rs 600.6, the price to earnings (P/E) ratio of BANDHAN BANK LTD stands at 58.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.2 times.

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