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- MUTHOOT FINANCE Announces Quarterly Results (4QFY18); Net Profit Up 40.3%
MUTHOOT FINANCE Announces Quarterly Results (4QFY18); Net Profit Up 40.3%
Fri, 20 Jul
MUTHOOT FINANCE has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:
MUTHOOT FINANCE Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-17* | 3 Dec-17* | 3 Mar-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 17,096 | 15,537 | 15,510 | -0.2% | -9.3% |
| Other income | Rs m | 36 | 130 | 571 | 340.4% | 1490.2% |
| Total revenues | Rs m | 17,132 | 15,667 | 16,080 | 2.6% | -6.1% |
| Interest | Rs m | 5,460 | 4,689 | 4,495 | -4.1% | -17.7% |
| Gross Profit | Rs m | 11,503 | 10,734 | 10,901 | 1.6% | -5.2% |
| Other expenses | Rs m | 5,646 | 3,661 | 4,147 | 13.3% | -26.5% |
| Profit before tax | Rs m | 5,893 | 7,202 | 7,324 | 1.7% | 24.3% |
| Tax | Rs m | 2,675 | 2,565 | 2,810 | 9.6% | 5.1% |
| Profit after tax | Rs m | 3,218 | 4,636 | 4,514 | -2.6% | 40.3% |
| Gross profit margin | % | 67.3 | 69.1 | 70.3 | ||
| Effective tax rate | % | 45.4 | 35.6 | 38.4 | ||
| Net profit margin | % | 18.8 | 29.8 | 29.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter fell 9.3% on a year-on-year (YoY) basis. The interest expended was down by 17.7% YoY during the same period.
- The bank's operating profit declined by 5.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 70.3% in 4QFY18 as against 67.3% in 4QFY17.
- Other income increased by 1490.2% YoY during the quarter.
- Net profit for the quarter increased by 40.3% YoY. Net profit margins during the quarter increased from 18.8% in 4QFY17 to 29.1% in 4QFY18.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 0.2% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 4.1% QoQ during the same period.
- The bank's operating profit increased by 1.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 70.3% in 4QFY18 as against 69.1% in 3QFY17.
- Net profit for the quarter declined by 2.6% QoQ, while net profit margins declined from 29.8% in 3QFY17 to 29.1% in 4QFY18.
To see how MUTHOOT FINANCE has performed over the last eight quarters, please visit here.
MUTHOOT FINANCE Share Price Performance
Over the last one year, MUTHOOT FINANCE share price has moved up from Rs 460.5 to Rs 391.0, registering a Loss of Rs -69.5 or around 15.1%.
Overall, the S&P BSE SENSEX is up 0.5% over the year.
Current Valuations
At the current price of Rs 391.0, the price to earnings (P/E) ratio of MUTHOOT FINANCE stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.
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