MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- INDIAN OVERSEAS BANK
- INDIAN OVERSEAS BANK Announces Quarterly Results (4QFY19); Net Profit Up 45.0%
INDIAN OVERSEAS BANK Announces Quarterly Results (4QFY19); Net Profit Up 45.0%
Fri, 10 May
INDIAN OVERSEAS BANK has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
INDIAN OVERSEAS BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 48,276 | 45,424 | 45,565 | 0.3% | -5.6% |
| Other income | Rs m | 9,869 | 11,462 | 9,174 | -20.0% | -7.0% |
| Total revenues | Rs m | 58,144 | 56,886 | 54,739 | -3.8% | -5.9% |
| Interest | Rs m | 30,945 | 31,587 | 30,775 | -2.6% | -0.6% |
| Gross Profit | Rs m | 17,330 | 13,837 | 14,790 | 6.9% | -14.7% |
| Other expenses | Rs m | 15,907 | 10,637 | 12,649 | 18.9% | -20.5% |
| Profit before tax | Rs m | -56,454 | -6,091 | -33,704 | ||
| Tax | Rs m | -20,387 | -2,631 | -13,853 | ||
| Profit after tax | Rs m | -36,067 | -3,460 | -19,852 | ||
| Gross profit margin | % | 35.9 | 30.5 | 32.5 | ||
| Effective tax rate | % | 36.1 | 43.2 | 41.1 | ||
| Net profit margin | % | -74.7 | -7.6 | -43.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter fell 5.6% on a year-on-year (YoY) basis. The interest expended was down by 0.6% YoY during the same period.
- The bank's operating profit declined by 14.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.5% in 4QFY19 as against 35.9% in 4QFY18.
- Other income declined by 7.0% YoY during the quarter.
- Net profit for the quarter increased by 45.0% YoY. Net profit margins during the quarter increased from -74.7% in 4QFY18 to -43.6% in 4QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter grew 0.3% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 2.6% QoQ during the same period.
- The bank's operating profit increased by 6.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.5% in 4QFY19 as against 30.5% in 3QFY18.
- Net profit for the quarter declined by 473.7% QoQ, while net profit margins declined from -7.6% in 3QFY18 to -43.6% in 4QFY19.
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 up from Rs 17.8 to Rs 13.2, registering a Loss of Rs 4.6 or around 25.7%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 32,421.2 (up 0.5%). Over the last one year it has moved up from 29,357.7 to 32,421.2, a gain of 3,063 points (up 10.4%).
Overall, the S&P BSE SENSEX is up 6.2% over the year.
Current Valuations
At the current price of Rs 13.2, the price to book value (P/BV) ratio of INDIAN OVERSEAS BANK stands at 0.1 times.
|
| |
Related Views on News
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.
INDIAN OVERSEAS BANK Announces Quarterly Results (2QFY19); Net Profit Up 58.6% (Quarterly Result Update)
Nov 9, 2018 | Updated on Nov 9, 2018For the quarter ended September 2018, INDIAN OVERSEAS BANK has posted a net profit of Rs 5 bn (up 58.6% YoY). Sales on the other hand came in at Rs 43 bn (down 7.8% YoY). Read on for a complete analysis of INDIAN OVERSEAS BANK's quarterly results.
Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)
Mar 12, 2018Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?
MAS Financial Services Ltd. (IPO)
Oct 5, 2017Assets Under Management have increased at a CAGR of 33.3% in the preceding five years. The asset quality has remained intact with GNPAs hovering around 1%. With fundamentals looking good, should one subscribe to this IPO?
The Pied Pipers of 'Buy High, Sell Higher' (The 5 Minute Wrapup)
Jul 14, 2017What should you make of Ola drivers turning day traders and Radio Jockeys giving opinion on the Sensex?
More Views on NewsMost Popular
The Best 4 Small-cap Stocks to Buy(The 5 Minute Wrapup)
Jun 3, 2019In 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, 2019One 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, 2019We 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, 2019The 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, 2019Coca 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|
| |
INDIAN OVERSEAS BANK SHARE PRICE
Jun 14, 2019 (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
OTHER USEFUL LINKS
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
FOLLOW
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 (4QFY19); Net Profit Up 45.0%". 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!