KARNATAKA BANK Announces Quarterly Results (3QFY20); Net Profit Down 12.3%

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?  

KARNATAKA BANK Announces Quarterly Results (3QFY20); Net Profit Down 12.3%
Mon, 20 Jan

KARNATAKA BANK has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

KARNATAKA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Operating incomeRs m15,14416,29616,216-0.5%7.1%
Other incomeRs m3,0143,0884,02130.2%33.4%
Total revenuesRs m18,15819,38420,2374.4%11.4%
InterestRs m10,26511,30911,138-1.5%8.5%
Gross Profit Rs m4,8804,9875,0781.8%4.1%
Other expensesRs m3,8903,9414,0813.6%4.9%
Profit before taxRs m1,9141,5101,87123.9%-2.2%
TaxRs m51045164041.7%25.5%
Profit after taxRs m1,4041,0591,23116.3%-12.3%
Gross profit margin %32.230.631.3
Effective tax rate%26.629.934.2
Net profit margin%9.36.57.6
* 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 7.1% on a year-on-year (YoY) basis. The interest expended was up by 8.5% YoY during the same period.
  • The bank's operating profit increased by 4.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.3% in 3QFY20 as against 32.2% in 3QFY19.
  • Other income increased by 33.4% YoY during the quarter.
  • Net profit for the quarter declined by 12.3% YoY. Net profit margins during the quarter declined from 9.3% in 3QFY19 to 7.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.5% QoQ during the same period.
  • The bank's operating profit increased by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.3% in 3QFY20 as against 30.6% in 2QFY19.
  • Net profit for the quarter increased by 16.3% QoQ, while net profit margins increased from 6.5% in 2QFY19 to 7.6% in 3QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

KARNATAKA BANK Share Price Performance

Over the last one year,KARNATAKA BANK share price has moved down from Rs 121.6 to Rs 74.6, registering a Loss of Rs 47.0 or around 38.6%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 35,858.8 (down 0.5%). Over the last one year it has moved up from 30,739.8 to 35,858.8, a gain of 5,119 points (up 16.7%).

Overall, the S&P BSE SENSEX is up 14.7% over the year.

Current Valuations

At the current price of Rs 74.6, the price to earnings (P/E) ratio of KARNATAKA BANK stands at 4.5 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 "KARNATAKA BANK Announces Quarterly Results (3QFY20); Net Profit Down 12.3%". Click here!

  

Related Views on News

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.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

KARNATAKA BANK Announces Quarterly Results (2QFY20); Net Profit Down 5.3% (Quarterly Result Update)

Oct 17, 2019 | Updated on Oct 17, 2019

For the quarter ended September 2019, KARNATAKA BANK has posted a net profit of Rs 1 bn (down 5.3% YoY). Sales on the other hand came in at Rs 16 bn (up 12.2% YoY). Read on for a complete analysis of KARNATAKA BANK's quarterly results.

KARNATAKA BANK Announces Quarterly Results (1QFY20); Net Profit Up 7.5% (Quarterly Result Update)

Jul 15, 2019 | Updated on Jul 15, 2019

For the quarter ended June 2019, KARNATAKA BANK has posted a net profit of Rs 2 bn (up 7.5% YoY). Sales on the other hand came in at Rs 16 bn (up 12.6% YoY). Read on for a complete analysis of KARNATAKA BANK's quarterly results.

More Views on News

Most Popular

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

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

KARNATAKA BANK SHARE PRICE


Feb 25, 2021 03:36 PM

TRACK KARNATAKA BANK

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

MORE ON KARNATAKA BANK

KARNATAKA BANK 5-YR ANALYSIS

COMPARE KARNATAKA BANK WITH

MARKET STATS