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.
IDFC FIRST BANK Announces Quarterly Results (3QFY19); Net Profit Down 1152.6%

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?  

IDFC FIRST BANK Announces Quarterly Results (3QFY19); Net Profit Down 1152.6%
Wed, 13 Feb

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

IDFC FIRST BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m22,83723,34236,64157.0%60.4%
Other incomeRs m2,3081,1933,043155.0%31.9%
Total revenuesRs m25,14524,53539,68461.7%57.8%
InterestRs m17,88818,82925,18933.8%40.8%
Gross Profit Rs m4,5434,51211,452153.8%152.1%
Other expensesRs m4,1105,51837,409577.9%810.1%
Profit before taxRs m2,061-5,827-25,039-1314.8%
TaxRs m600-2,130-9,659-1709.8%
Profit after taxRs m1,461-3,697-15,380-1152.6%
Gross profit margin %19.919.331.3
Effective tax rate%29.136.638.6
Net profit margin%6.4-15.8-42.0
* 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 60.4% on a year-on-year (YoY) basis. The interest expended was up by 40.8% YoY during the same period.
  • The bank's operating profit increased by 152.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.3% in 3QFY19 as against 19.9% in 3QFY18.
  • Other income increased by 31.9% YoY during the quarter.
  • Net profit for the quarter declined by 1152.6% YoY. Net profit margins during the quarter declined from 6.4% in 3QFY18 to -42.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 57.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 33.8% QoQ during the same period.
  • The bank's operating profit increased by 153.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.3% in 3QFY19 as against 19.3% in 2QFY18.
  • Net profit for the quarter declined by 316.0% QoQ, while net profit margins declined from -15.8% in 2QFY18 to -42.0% in 3QFY19.

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

IDFC FIRST BANK Share Price Performance

Over the last one year, IDFC FIRST BANK share price has moved up from Rs 53.8 to Rs 44.6, registering a Loss of Rs 9.2 or around 17.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 30,152.4 (down 0.0%). Over the last one year it has moved up from 29,080.0 to 30,152.4, a gain of 1,072 points (up 3.7%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 44.6, the price to book value (P/BV) ratio of IDFC FIRST BANK stands at 1.4 times.

Equitymaster requests your view! Post a comment on "IDFC FIRST BANK Announces Quarterly Results (3QFY19); Net Profit Down 1152.6%". Click here!

  

Related Views on News

IDFC BANK LTD Announces Quarterly Results (2QFY19); Net Profit Down 258.2% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, IDFC BANK LTD has posted a net profit of Rs 4 bn (down 258.2% YoY). Sales on the other hand came in at Rs 23 bn (up 5.1% YoY). Read on for a complete analysis of IDFC BANK LTD's quarterly results.

IDFC Bank: One-Off Trading Loss, Expansion Pull Down Profits (Quarterly Results Update - Detailed)

Feb 8, 2018

IDFC Bank's profits hit by trading loss and higher investments to build network.

IDFC Bank: Legacy Book Continues to Drag Profitability (Quarterly Results Update - Detailed)

Nov 7, 2017

IDFC Bank's profitability remains hit by the legacy book challenges of stressed infra assets and fixed rate liabilities.

IDFC Bank: Strong Trading Income Shields Credit Slowdown (Quarterly Results Update - Detailed)

Aug 10, 2017

IDFC Bank is taking steps to address contracting NIMs and successfully transition in to a retail bank.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

My Master Series on How to Trade Election 2019(Profit Hunter)

Apr 16, 2019

For 30 years he has watched how elections impact the markets, and practiced how to profit from it. Now he is here...telling you everything. Read on...

Election Series: Follow the World's Biggest Traders To See Where the Money Flows(The 5 Minute Wrapup)

Apr 17, 2019

20% of all the traders bring in 80% of the money. Watch these 20% and you get a working idea of which way the wind is blowing.

A Letter to You from India's No. 1 Trader(The 5 Minute Wrapup)

Apr 15, 2019

It's our great pleasure to introduce Vijay Bhambwani to our readers - we consider Vijay to be India's best trader. Read on to find out why...

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

IDFC FIRST BANK SHARE PRICE


Apr 24, 2019 (Close)

TRACK IDFC FIRST BANK

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

MORE ON IDFC FIRST BANK

IDFC FIRST BANK 5-YR ANALYSIS

COMPARE IDFC FIRST BANK WITH

MARKET STATS