GRUH FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 18.0%

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?  

GRUH FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 18.0%
Mon, 28 Jan

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

GRUH FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m4,2854,8055,40112.4%26.0%
Other incomeRs m01630-100.0%0.0%
Total revenuesRs m4,2854,9695,4018.7%26.0%
InterestRs m2,5122,8983,73428.9%48.7%
Gross Profit Rs m1,7651,8991,658-12.7%-6.1%
Other expensesRs m485439308-30.0%-36.5%
Profit before taxRs m1,2811,4601,350-7.5%5.4%
TaxRs m459405381-6.0%-17.1%
Profit after taxRs m8221,055970-8.1%18.0%
Gross profit margin %41.239.530.7
Effective tax rate%35.827.728.2
Net profit margin%19.222.018.0
* 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 26.0% on a year-on-year (YoY) basis. The interest expended was up by 48.7% YoY during the same period.
  • The bank's operating profit declined by 6.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 3QFY19 as against 41.2% in 3QFY18.
  • Other income increased by 0.0% YoY during the quarter.
  • Net profit for the quarter increased by 18.0% YoY. Net profit margins during the quarter declined from 19.2% in 3QFY18 to 18.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 12.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 28.9% QoQ during the same period.
  • The bank's operating profit declined by 12.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 3QFY19 as against 39.5% in 2QFY18.
  • Net profit for the quarter declined by 8.1% QoQ, while net profit margins declined from 22.0% in 2QFY18 to 18.0% in 3QFY19.

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 295.9 to Rs 220.0, registering a Loss of Rs 75.9 or around 25.7%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 220.0, the price to earnings (P/E) ratio of GRUH FINANCE stands at 35.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.7 times.

Equitymaster requests your view! Post a comment on "GRUH FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 18.0%". Click here!

  

Related Views on News

Indian Railway Finance Corporation IPO: Should You Apply? (IPO)

Jan 18, 2021

Monopolistic railway financer with impeccable asset quality.

CAMS IPO: Should You Apply? (IPO)

Sep 18, 2020

Does the company having 70% market share of the mutual fund registrar business have sound prospects?

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

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

GRUH FINANCE SHARE PRICE


Oct 15, 2019 (Close)

TRACK GRUH FINANCE

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

GRUH FINANCE - SREI INFRA FINANCE COMPARISON

COMPARE GRUH FINANCE WITH

MARKET STATS