INDUSIND BANK Announces Quarterly Results (4QFY20); Net Profit Down 16.2%

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?  

INDUSIND BANK Announces Quarterly Results (4QFY20); Net Profit Down 16.2%
Wed, 29 Apr

INDUSIND BANK has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

INDUSIND BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m59,91472,84573,8661.4%23.3%
Other incomeRs m15,59017,89417,720-1.0%13.7%
Total revenuesRs m75,50490,73991,5860.9%21.3%
InterestRs m37,59142,10541,554-1.3%10.5%
Gross Profit Rs m22,32430,74032,3125.1%44.7%
Other expensesRs m17,23721,17821,6702.3%25.7%
Profit before taxRs m5,07017,0223,959-76.7%-21.9%
TaxRs m1,4694,020940-76.6%-36.0%
Profit after taxRs m3,60113,0023,018-76.8%-16.2%
Gross profit margin %37.342.243.7
Effective tax rate%29.023.623.7
Net profit margin%6.017.84.1
* 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 23.3% on a year-on-year (YoY) basis. The interest expended was up by 10.5% YoY during the same period.
  • The bank's operating profit increased by 44.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.7% in 4QFY20 as against 37.3% in 4QFY19.
  • Other income increased by 13.7% YoY during the quarter.
  • Net profit for the quarter declined by 16.2% YoY. Net profit margins during the quarter declined from 6.0% in 4QFY19 to 4.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.4% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.3% QoQ during the same period.
  • The bank's operating profit increased by 5.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.7% in 4QFY20 as against 42.2% in 3QFY19.
  • Net profit for the quarter declined by 76.8% QoQ, while net profit margins declined from 17.8% in 3QFY19 to 4.1% in 4QFY20.

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

FREE Event: Discover Your First Stock for a Potential Rs 7 Crore in Long-term Wealth

INDUSIND BANK Share Price Performance

Over the last one year,INDUSIND BANK share price has moved down from Rs 1,696.1 to Rs 449.7, registering a Loss of Rs 1,246.4 or around 73.5%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 23,769.7 (down 0.1%). Over the last one year it has moved down from 33,741.8 to 23,769.7, a loss of 9,972 points (down 29.6%).

Overall, the S&P BSE SENSEX is down 17.1% over the year.

Current Valuations

At the current price of Rs 449.7, the price to earnings (P/E) ratio of INDUSIND BANK stands at 6.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

Equitymaster requests your view! Post a comment on "INDUSIND BANK Announces Quarterly Results (4QFY20); Net Profit Down 16.2%". Click here!

  

Related Views on News

INDUSIND BANK Announces Quarterly Results (3QFY21); Net Profit Down 34.4% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, INDUSIND BANK has posted a net profit of Rs 9 bn (down 34.4% YoY). Sales on the other hand came in at Rs 72 bn (down 0.6% YoY). Read on for a complete analysis of INDUSIND BANK's quarterly results.

ICICI Bank Posts Threefold Jump in Net Profit; Net Interest Income Grows 17% (Company Info)

Apr 26, 2021

Key takeaways from ICICI Bank's March quarter (Q4FY21) results.

HDFC Bank Posts Good Q4 Performance Amid Covid-19 Second Wave (Company Info)

Apr 20, 2021

Key takeaways from HDFC Bank's March quarter (Q4FY21) results.

INDUSIND BANK Announces Quarterly Results (2QFY21); Net Profit Down 53.2% (Quarterly Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

For the quarter ended September 2020, INDUSIND BANK has posted a net profit of Rs 6 bn (down 53.2% YoY). Sales on the other hand came in at Rs 72 bn (up 0.4% YoY). Read on for a complete analysis of INDUSIND BANK's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing.(Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

INDUSIND BANK SHARE PRICE


Dec 1, 2021 (Close)

TRACK INDUSIND BANK

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

INDUSIND BANK 5-YR ANALYSIS

COMPARE INDUSIND BANK WITH

MARKET STATS