BANK OF BARODA Announces Quarterly Results (2QFY20); Net Profit Up 73.2%

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 BARODA Announces Quarterly Results (2QFY20); Net Profit Up 73.2%
Tue, 12 Nov

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

BANK OF BARODA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Operating incomeRs m120,783189,453192,7401.7%59.6%
Other incomeRs m13,51619,15628,23947.4%108.9%
Total revenuesRs m134,300208,609220,9795.9%64.5%
InterestRs m75,858124,472122,460-1.6%61.4%
Gross Profit Rs m44,92564,98170,2798.2%56.4%
Other expensesRs m27,62241,37545,1609.1%63.5%
Profit before taxRs m6,5249,91411,26813.7%72.7%
TaxRs m2,2702,8153,90138.6%71.8%
Profit after taxRs m4,2547,0997,3673.8%73.2%
Gross profit margin %37.234.336.5
Effective tax rate%34.828.434.6
Net profit margin%3.53.73.8
* 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 59.6% on a year-on-year (YoY) basis. The interest expended was up by 61.4% YoY during the same period.
  • The bank's operating profit increased by 56.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.5% in 2QFY20 as against 37.2% in 2QFY19.
  • Other income increased by 108.9% YoY during the quarter.
  • Net profit for the quarter increased by 73.2% YoY. Net profit margins during the quarter increased from 3.5% in 2QFY19 to 3.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.6% QoQ during the same period.
  • The bank's operating profit increased by 8.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.5% in 2QFY20 as against 34.3% in 1QFY19.
  • Net profit for the quarter increased by 3.8% QoQ, while net profit margins increased from 3.7% in 1QFY19 to 3.8% in 2QFY20.

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

Just Released: The No. 1 Stock to Buy in 2020

BANK OF BARODA Share Price Performance

Over the last one year,BANK OF BARODA share price has moved down from Rs 109.4 to Rs 96.5, registering a Loss of Rs 12.9 or around 11.8%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 35,260.0 (up 1.2%). Over the last one year it has moved up from 28,854.0 to 35,260.0, a gain of 6,406 points (up 22.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 96.5, the price to earnings (P/E) ratio of BANK OF BARODA stands at 24.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

Equitymaster requests your view! Post a comment on "BANK OF BARODA Announces Quarterly Results (2QFY20); Net Profit Up 73.2%". Click here!

  

Related Views on News

BANK OF BARODA Announces Quarterly Results (1QFY20); Net Profit Up 34.4% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, BANK OF BARODA has posted a net profit of Rs 7 bn (up 34.4% YoY). Sales on the other hand came in at Rs 189 bn (up 62.8% YoY). Read on for a complete analysis of BANK OF BARODA's quarterly results.

BANK OF BARODA Announces Quarterly Results (4QFY19); Net Profit Up 68.0% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, BANK OF BARODA has posted a net profit of Rs 10 bn (up 68.0% YoY). Sales on the other hand came in at Rs 133 bn (up 20.6% YoY). Read on for a complete analysis of BANK OF BARODA'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?

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

BANK OF BARODA SHARE PRICE


Jan 24, 2020 (Close)

TRACK BANK OF BARODA

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

MORE ON BANK OF BARODA

BANK OF BARODA - UNITED BANK OF INDIA COMPARISON

COMPARE BANK OF BARODA WITH

MARKET STATS