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.
J&K BANK Announces Quarterly Results (4QFY19); Net Profit Up 656.1%

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?  

J&K BANK Announces Quarterly Results (4QFY19); Net Profit Up 656.1%
Fri, 17 May

J&K BANK has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

J&K BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m15,91720,02720,6993.4%30.0%
Other incomeRs m1,7231,6354,036146.8%134.3%
Total revenuesRs m17,64021,66224,73514.2%40.2%
InterestRs m9,35911,21111,3861.6%21.7%
Gross Profit Rs m6,5588,8169,3135.6%42.0%
Other expensesRs m5,6166,2027,34218.4%30.7%
Profit before taxRs m1541,7212,22729.4%1350.5%
TaxRs m-13168479-88.5%
Profit after taxRs m2841,0382,148107.0%656.1%
Gross profit margin %41.244.045.0
Effective tax rate%-85.139.73.5
Net profit margin%1.85.210.4
* 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 30.0% on a year-on-year (YoY) basis. The interest expended was up by 21.7% YoY during the same period.
  • The bank's operating profit increased by 42.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.0% in 4QFY19 as against 41.2% in 4QFY18.
  • Other income increased by 134.3% YoY during the quarter.
  • Net profit for the quarter increased by 656.1% YoY. Net profit margins during the quarter increased from 1.8% in 4QFY18 to 10.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 1.6% QoQ during the same period.
  • The bank's operating profit increased by 5.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.0% in 4QFY19 as against 44.0% in 3QFY18.
  • Net profit for the quarter increased by 107.0% QoQ, while net profit margins increased from 5.2% in 3QFY18 to 10.4% in 4QFY19.

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

J&K BANK Share Price Performance

Over the last one year, J&K BANK share price has moved up from Rs 51.9 to Rs 56.8, registering a Gain of Rs 4.9 or around 9.4%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 32,367.0 (up 0.4%). Over the last one year it has moved up from 29,171.3 to 32,367.0, a gain of 3,196 points (up 11.0%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 56.8, the price to earnings (P/E) ratio of J&K BANK stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

Equitymaster requests your view! Post a comment on "J&K BANK Announces Quarterly Results (4QFY19); Net Profit Up 656.1%". Click here!

  

Related Views on News

J&K BANK Announces Quarterly Results (3QFY19); Net Profit Up 43.2% (Quarterly Result Update)

Jan 14, 2019 | Updated on Jan 14, 2019

For the quarter ended December 2018, J&K BANK has posted a net profit of Rs 1 bn (up 43.2% YoY). Sales on the other hand came in at Rs 20 bn (up 19.0% YoY). Read on for a complete analysis of J&K BANK's quarterly results.

J&K BANK Announces Quarterly Results (2QFY19); Net Profit Up 30.9% (Quarterly Result Update)

Oct 17, 2018 | Updated on Oct 17, 2018

For the quarter ended September 2018, J&K BANK has posted a net profit of Rs 938 m (up 30.9% YoY). Sales on the other hand came in at Rs 18 bn (up 10.4% YoY). Read on for a complete analysis of J&K BANK's quarterly results.

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?

MAS Financial Services Ltd. (IPO)

Oct 5, 2017

Assets 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?

More Views on News

Most Popular

I Believe this is the Best Stock to Buy Today(Profit Hunter)

Jul 3, 2019

The languishing small cap space is currently offering a very fertile market to pick up bargains at very attractive prices. This is a perfect opportunity ripe for the picking.

These 3 Smallcap Stocks are Set to Make the Most of Smallcap Rebound(Profit Hunter)

Jul 9, 2019

As the sense of normalcy returns to the markets, the rebound in the quality smallcaps could be huge.

2 Stocks from Super Investor Sanjay Bakshi's Portfolio You Can Bet On...(The 5 Minute Wrapup)

Jul 12, 2019

Despite the current fear prevailing in the markets, both these stocks have the potential to deliver in 4-5 years.

After Disappointing Budget, Here's a Document that Concerns Largecap and Smallcap Investors(The 5 Minute Wrapup)

Jul 8, 2019

A new 'definition' of the stock universe that triggered the smallcap sell-off is back with the latest list...

Union Budget 2019-2020: More Style Over Substance(The 5 Minute Wrapup)

Jul 5, 2019

Did the Union Budget announce measures to stimulate the economy and bolster corporate earnings growth?

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

J&K BANK SHARE PRICE


Jul 16, 2019 (Close)

TRACK J&K BANK

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

J&K BANK - WELLS FARGO COMPARISON

COMPARE J&K BANK WITH

MARKET STATS