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GRUH FINANCE Announces Quarterly Results (1QFY19); Net Profit Up 59.3%

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GRUH FINANCE Announces Quarterly Results (1QFY19); Net Profit Up 59.3%
Fri, 27 Jul

GRUH FINANCE has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

GRUH FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m3,9814,8434,522-6.6%13.6%
Other incomeRs m0000.0%0.0%
Total revenuesRs m3,9814,8434,522-6.6%13.6%
InterestRs m2,3652,5332,6344.0%11.4%
Gross Profit Rs m1,6102,3011,879-18.3%16.7%
Other expensesRs m52723832235.6%-38.8%
Profit before taxRs m1,0832,0631,557-24.5%43.8%
TaxRs m361758406-46.4%12.5%
Profit after taxRs m7221,3051,151-11.8%59.3%
Gross profit margin %40.447.541.6
Effective tax rate%33.336.726.1
Net profit margin%18.126.925.5
* 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 13.6% on a year-on-year (YoY) basis. The interest expended was up by 11.4% YoY during the same period.
  • The bank's operating profit increased by 16.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 41.6% in 1QFY19 as against 40.4% in 1QFY18.
  • Other income increased by 0.0% YoY during the quarter.
  • Net profit for the quarter increased by 59.3% YoY. Net profit margins during the quarter increased from 18.1% in 1QFY18 to 25.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 6.6% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.0% QoQ during the same period.
  • The bank's operating profit declined by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.6% in 1QFY19 as against 47.5% in 4QFY18.
  • Net profit for the quarter declined by 11.8% QoQ, while net profit margins declined from 26.9% in 4QFY18 to 25.5% in 1QFY19.

To see how GRUH FINANCE has performed over the last eight quarters, please visit here.

GRUH FINANCE Share Price Performance

Over the last one year, GRUH FINANCE share price has moved up from Rs 239.0 to Rs 326.1, registering a Gain of Rs 87.0 or around 36.4%.

Overall, the S&P BSE SENSEX is up 0.9% over the year.

Current Valuations

At the current price of Rs 326.1, the price to earnings (P/E) ratio of GRUH FINANCE stands at 29.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

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