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

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BANK OF BARODA Announces Quarterly Results (4QFY19); Net Profit Up 68.0%
Fri, 24 May

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

BANK OF BARODA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m110,393129,417133,1422.9%20.6%
Other incomeRs m16,95916,21119,70421.5%16.2%
Total revenuesRs m127,352145,629152,8465.0%20.0%
InterestRs m70,37081,98582,4720.6%17.2%
Gross Profit Rs m40,02347,43250,6706.8%26.6%
Other expensesRs m30,32728,25831,76612.4%4.7%
Profit before taxRs m-40,0697,443-15,385-306.7%
TaxRs m-9,0462,731-5,471-300.4%
Profit after taxRs m-31,0234,713-9,914-310.4%
Gross profit margin %36.336.738.1
Effective tax rate%22.636.735.6
Net profit margin%-28.13.6-7.4
* 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 20.6% on a year-on-year (YoY) basis. The interest expended was up by 17.2% YoY during the same period.
  • The bank's operating profit increased by 26.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.1% in 4QFY19 as against 36.3% in 4QFY18.
  • Other income increased by 16.2% YoY during the quarter.
  • Net profit for the quarter increased by 68.0% YoY. Net profit margins during the quarter increased from -28.1% in 4QFY18 to -7.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.9% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.6% QoQ during the same period.
  • The bank's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.1% in 4QFY19 as against 36.7% in 3QFY18.
  • Net profit for the quarter declined by 310.4% QoQ, while net profit margins declined from 3.6% in 3QFY18 to -7.4% in 4QFY19.

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

BANK OF BARODA Share Price Performance

Over the last one year, BANK OF BARODA share price has moved up from Rs 138.7 to Rs 132.2, registering a Loss of Rs 6.5 or around 4.7%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 34,489.9 (up 0.7%). Over the last one year it has moved up from 29,241.8 to 34,489.9, a gain of 5,248 points (up 17.9%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 132.2, the price to earnings (P/E) ratio of BANK OF BARODA stands at 70.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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