KARUR VYSYA BANK Announces Quarterly Results (3QFY19); Net Profit Down 70.3%

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?  

KARUR VYSYA BANK Announces Quarterly Results (3QFY19); Net Profit Down 70.3%
Mon, 18 Feb

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

KARUR VYSYA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m14,22314,56914,428-1.0%1.4%
Other incomeRs m2,2491,7562,59948.0%15.6%
Total revenuesRs m16,47216,32517,0274.3%3.4%
InterestRs m8,6078,7788,619-1.8%0.1%
Gross Profit Rs m5,6165,7915,8080.3%3.4%
Other expensesRs m3,6533,9334,1575.7%13.8%
Profit before taxRs m9651,483246-83.4%-74.5%
TaxRs m25064534-94.7%-86.4%
Profit after taxRs m715837212-74.7%-70.3%
Gross profit margin %39.539.840.3
Effective tax rate%25.943.513.9
Net profit margin%5.05.71.5
* 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 1.4% on a year-on-year (YoY) basis. The interest expended was up by 0.1% YoY during the same period.
  • The bank's operating profit increased by 3.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.3% in 3QFY19 as against 39.5% in 3QFY18.
  • Other income increased by 15.6% YoY during the quarter.
  • Net profit for the quarter declined by 70.3% YoY. Net profit margins during the quarter declined from 5.0% in 3QFY18 to 1.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.8% QoQ during the same period.
  • The bank's operating profit increased by 0.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.3% in 3QFY19 as against 39.8% in 2QFY18.
  • Net profit for the quarter declined by 74.7% QoQ, while net profit margins declined from 5.7% in 2QFY18 to 1.5% in 3QFY19.

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

KARUR VYSYA BANK Share Price Performance

Over the last one year, KARUR VYSYA BANK share price has moved up from Rs 110.8 to Rs 67.5, registering a Loss of Rs 43.4 or around 39.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 29,907.1 (down 0.2%). Over the last one year it has moved up from 28,396.5 to 29,907.1, a gain of 1,511 points (up 5.3%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 67.5, the price to earnings (P/E) ratio of KARUR VYSYA BANK stands at 20.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "KARUR VYSYA BANK Announces Quarterly Results (3QFY19); Net Profit Down 70.3%". Click here!

  

Related Views on News

KARUR VYSYA BANK Announces Quarterly Results (2QFY20); Net Profit Down 24.4% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, KARUR VYSYA BANK has posted a net profit of Rs 633 m (down 24.4% YoY). Sales on the other hand came in at Rs 15 bn (up 5.5% YoY). Read on for a complete analysis of KARUR VYSYA BANK's quarterly results.

KARUR VYSYA BANK Announces Quarterly Results (1QFY20); Net Profit Up 58.8% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, KARUR VYSYA BANK has posted a net profit of Rs 729 m (up 58.8% YoY). Sales on the other hand came in at Rs 15 bn (up 3.5% YoY). Read on for a complete analysis of KARUR VYSYA 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?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

KARUR VYSYA BANK SHARE PRICE


Jan 20, 2020 (Close)

TRACK KARUR VYSYA BANK

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

MORE ON KARUR VYSYA BANK

KARUR VYSYA BANK - WELLS FARGO COMPARISON

COMPARE KARUR VYSYA BANK WITH

MARKET STATS