X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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

GRUH FINANCE Announces Quarterly Results (2QFY19); Net Profit Up 35.6% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, GRUH FINANCE has posted a net profit of Rs 1 bn (up 35.6% YoY). Sales on the other hand came in at Rs 5 bn (up 16.1% YoY). Read on for a complete analysis of GRUH FINANCE's quarterly results.

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

Jul 27, 2018 | Updated on Jul 27, 2018

For the quarter ended June 2018, GRUH FINANCE has posted a net profit of Rs 1 bn (up 59.3% YoY). Sales on the other hand came in at Rs 5 bn (up 13.6% YoY). Read on for a complete analysis of GRUH FINANCE's quarterly results.

CreditAccess Grameen IPO: Should You Apply to this Interesting Microfinance Play? (IPO)

Aug 7, 2018

Should you apply to the IPO of CreditAccess Grameen Ltd?

HDFC AMC IPO: Do Valuations Leave Enough on Table for Investors? (IPO)

Jul 20, 2018

Should you subscribe to the IPO of HDFC AMC Ltd?

IndoStar Capital Finance IPO: Is This NBFC Worth Betting On? (IPO)

May 8, 2018

Should you apply for the IPO of IndoStar Capital Finance?

More Views on News

Most Popular

The Best 4 Small-cap Stocks to Buy(The 5 Minute Wrapup)

Jun 3, 2019

In the sometimes good sometimes bad market of small caps, there are strong buying opportunities available today. But this great opportunity won't last forever.

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Top 7 Stocks to Profit from Modi's Repeat Performance(Profit Hunter)

Jun 3, 2019

The long-term India story looks promising with the Modi government back in power. Which stocks are likely to go up the most?

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

GRUH FINANCE SHARE PRICE


Jun 14, 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 5-YR ANALYSIS

COMPARE GRUH FINANCE WITH

MARKET STATS