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CAPITAL FIRST Announces Quarterly Results (2QFY19); Net Profit Up 32.8%

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CAPITAL FIRST Announces Quarterly Results (2QFY19); Net Profit Up 32.8%
Fri, 9 Nov

CAPITAL FIRST has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

CAPITAL FIRST Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Operating incomeRs m8,80210,45411,97114.5%36.0%
Other incomeRs m1099657-40.5%-47.9%
Total revenuesRs m8,91110,55012,02814.0%35.0%
InterestRs m3,2684,5335,07912.1%55.4%
Gross Profit Rs m5,4685,8586,77015.6%23.8%
Other expensesRs m4,3994,3635,24620.3%19.3%
Profit before taxRs m1,1781,5911,580-0.6%34.1%
TaxRs m393573538-6.2%36.8%
Profit after taxRs m7851,0171,0422.5%32.8%
Gross profit margin %62.156.056.6
Effective tax rate%33.436.034.0
Net profit margin%8.99.78.7
* 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 36.0% on a year-on-year (YoY) basis. The interest expended was up by 55.4% YoY during the same period.
  • The bank's operating profit increased by 23.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.6% in 2QFY19 as against 62.1% in 2QFY18.
  • Other income declined by 47.9% YoY during the quarter.
  • Net profit for the quarter increased by 32.8% YoY. Net profit margins during the quarter declined from 8.9% in 2QFY18 to 8.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 14.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 12.1% QoQ during the same period.
  • The bank's operating profit increased by 15.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 56.6% in 2QFY19 as against 56.0% in 1QFY18.
  • Net profit for the quarter increased by 2.5% QoQ, while net profit margins declined from 9.7% in 1QFY18 to 8.7% in 2QFY19.

To see how CAPITAL FIRST has performed over the last eight quarters, please visit here.

CAPITAL FIRST Share Price Performance

Over the last one year, CAPITAL FIRST share price has moved up from Rs 707.5 to Rs 486.4, registering a Loss of Rs 221.1 or around 31.3%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 486.4, the price to earnings (P/E) ratio of CAPITAL FIRST stands at 11.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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CAPITAL FIRST Announces Quarterly Results (1QFY19); Net Profit Up 51.4% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, CAPITAL FIRST has posted a net profit of Rs 1 bn (up 51.4% YoY). Sales on the other hand came in at Rs 10 bn (up 29.2% YoY). Read on for a complete analysis of CAPITAL FIRST's quarterly results.

CAPITAL FIRST Announces Quarterly Results (4QFY18); Net Profit Up 34.8% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, CAPITAL FIRST has posted a net profit of Rs 955 m (up 34.8% YoY). Sales on the other hand came in at Rs 11 bn (up 45.6% YoY). Read on for a complete analysis of CAPITAL FIRST's quarterly results.

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Dec 27, 2018 (Close)

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