BANK OF BARODA Announces Quarterly Results (3QFY20); Net Profit Down 398.6%

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BANK OF BARODA Announces Quarterly Results (3QFY20); Net Profit Down 398.6%
Mon, 27 Jan

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

BANK OF BARODA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Operating incomeRs m129,417192,740190,679-1.1%47.3%
Other incomeRs m16,21128,23927,412-2.9%69.1%
Total revenuesRs m145,629220,979218,091-1.3%49.8%
InterestRs m81,985122,460119,389-2.5%45.6%
Gross Profit Rs m47,43270,27971,2911.4%50.3%
Other expensesRs m28,25845,16049,1188.8%73.8%
Profit before taxRs m7,44311,268-21,970-295.0%-395.2%
TaxRs m2,7313,901-7,900-302.5%-389.3%
Profit after taxRs m4,7137,367-14,070-291.0%-398.6%
Gross profit margin %36.736.537.4
Effective tax rate%36.734.636.0
Net profit margin%3.63.8-7.4
* 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 47.3% on a year-on-year (YoY) basis. The interest expended was up by 45.6% YoY during the same period.
  • The bank's operating profit increased by 50.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 37.4% in 3QFY20.
  • Other income increased by 69.1% YoY during the quarter.
  • Net profit for the quarter declined by 398.6% YoY. Net profit margins during the quarter declined from 3.6% in 3QFY19 to -7.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 1.1% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 2.5% QoQ during the same period.
  • The bank's operating profit increased by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.4% in 3QFY20 as against 36.5% in 2QFY19.
  • Net profit for the quarter declined by 291.0% QoQ, while net profit margins declined from 3.8% in 2QFY19 to -7.4% in 3QFY20.

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

Tomorrow at 11:59pm: We will take the Instant Income video down permanently

BANK OF BARODA Share Price Performance

Over the last one year,BANK OF BARODA share price has moved down from Rs 110.1 to Rs 92.5, registering a Loss of Rs 17.6 or around 16.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 35,401.0 (down 0.7%). Over the last one year it has moved up from 30,377.5 to 35,401.0, a gain of 5,024 points (up 16.5%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 92.5, the price to book value (P/BV) ratio of BANK OF BARODA stands at 0.4 times.

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