MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- INDIAN OVERSEAS BANK
- INDIAN OVERSEAS BANK Announces Quarterly Results (1QFY20); Net Profit Up 62.8%
INDIAN OVERSEAS BANK Announces Quarterly Results (1QFY20); Net Profit Up 62.8%
Wed, 24 Jul
INDIAN OVERSEAS BANK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
INDIAN OVERSEAS BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 42,486 | 45,565 | 43,364 | -4.8% | 2.1% |
| Other income | Rs m | 10,781 | 9,174 | 6,701 | -27.0% | -37.8% |
| Total revenues | Rs m | 53,267 | 54,739 | 50,065 | -8.5% | -6.0% |
| Interest | Rs m | 30,405 | 30,775 | 30,479 | -1.0% | 0.2% |
| Gross Profit | Rs m | 12,081 | 14,790 | 12,885 | -12.9% | 6.7% |
| Other expenses | Rs m | 11,542 | 12,649 | 11,304 | -10.6% | -2.1% |
| Profit before tax | Rs m | -12,686 | -33,704 | -3,297 | ||
| Tax | Rs m | -3,491 | -13,853 | 124 | ||
| Profit after tax | Rs m | -9,194 | -19,852 | -3,421 | ||
| Gross profit margin | % | 28.4 | 32.5 | 29.7 | ||
| Effective tax rate | % | 27.5 | 41.1 | -3.8 | ||
| Net profit margin | % | -21.6 | -43.6 | -7.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter grew 2.1% on a year-on-year (YoY) basis. The interest expended was up by 0.2% YoY during the same period.
- The bank's operating profit increased by 6.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 1QFY20 as against 28.4% in 1QFY19.
- Other income declined by 37.8% YoY during the quarter.
- Net profit for the quarter increased by 62.8% YoY. Net profit margins during the quarter increased from -21.6% in 1QFY19 to -7.9% in 1QFY20.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.0% QoQ during the same period.
- The bank's operating profit declined by 12.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.7% in 1QFY20 as against 32.5% in 4QFY19.
- Net profit for the quarter increased by 82.8% QoQ, while net profit margins increased from -43.6% in 4QFY19 to -7.9% in 1QFY20.
To see how INDIAN OVERSEAS BANK has performed over the last eight quarters,please visit here.
INDIAN OVERSEAS BANK Share Price Performance
Over the last one year,INDIAN OVERSEAS BANK share price has moved down from Rs 13.9 to Rs 11.6, registering a Loss of Rs 2.4 or around 17.0%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 32,833.7 (down 0.2%). Over the last one year it has moved up from 29,954.1 to 32,833.7, a gain of 2,880 points (up 9.6%).
Overall, the S&P BSE SENSEX is up 3.3% over the year.
Current Valuations
At the current price of Rs 11.6, the price to book value (P/BV) ratio of INDIAN OVERSEAS BANK stands at 0.1 times.
Related Views on News
How the YES Bank Collapse Unfolded - 10 Points (Sector Info)
Mar 9, 2020A timeline of how YES Bank went from a stock market darling to a pariah.
Today's Stock Market Crash: 10 Points (Sector Info)
Mar 6, 2020Top factors that dragged the markets lower today.
INDIAN OVERSEAS BANK Announces Quarterly Results (4QFY19); Net Profit Up 45.0% (Quarterly Result Update)
May 10, 2019 | Updated on May 10, 2019For the quarter ended March 2019, INDIAN OVERSEAS BANK has posted a net profit of Rs 20 bn (up 45.0% YoY). Sales on the other hand came in at Rs 46 bn (down 5.6% YoY). Read on for a complete analysis of INDIAN OVERSEAS BANK's quarterly results.
INDIAN OVERSEAS BANK Announces Quarterly Results (3QFY19); Net Profit Up 63.2% (Quarterly Result Update)
Jan 28, 2019 | Updated on Jan 28, 2019For the quarter ended December 2018, INDIAN OVERSEAS BANK has posted a net profit of Rs 3 bn (up 63.2% YoY). Sales on the other hand came in at Rs 45 bn (up 6.8% YoY). Read on for a complete analysis of INDIAN OVERSEAS BANK's quarterly results.
More Views on NewsMost Popular
Large Opportunities Are Coming Our Way
Aug 5, 2020Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.
Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)
Aug 10, 2020Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?
Forget the Nifty and Sensex for the Next 1 or 2 Years and Focus on These Stocks(Profit Hunter)
Aug 6, 2020Stocks from the essential small cap space are likely to be outperformers over the next 1 or 2 years.
3 Stocks to Ride the Big Rebound in Smallcaps(Profit Hunter)
Aug 11, 2020The rebound ratio suggests that smallcaps are set for big gains but this time it will be limited to a few stocks. Make sure you choose wisely.
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2020
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
INDIAN OVERSEAS BANK SHARE PRICE
Aug 13, 2020 (Close)
TRACK INDIAN OVERSEAS BANK
- Track your investment in INDIAN OVERSEAS BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON INDIAN OVERSEAS BANK
INDIAN OVERSEAS BANK - WELLS FARGO COMPARISON
COMPARE INDIAN OVERSEAS BANK WITH
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "INDIAN OVERSEAS BANK Announces Quarterly Results (1QFY20); Net Profit Up 62.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!