ORIENTAL BANK Announces Quarterly Results (3QFY19); Net Profit Up 107.3%

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?  

ORIENTAL BANK Announces Quarterly Results (3QFY19); Net Profit Up 107.3%
Thu, 31 Jan

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

ORIENTAL BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m42,62142,89645,6186.3%7.0%
Other incomeRs m4,3706,7775,662-16.5%29.6%
Total revenuesRs m46,99149,67351,2803.2%9.1%
InterestRs m32,44230,14731,4304.3%-3.1%
Gross Profit Rs m10,17912,74814,18811.3%39.4%
Other expensesRs m7,1219,8019,8260.3%38.0%
Profit before taxRs m-19,691-1,013-27,175
TaxRs m163-2,030-28,624-17639.5%
Profit after taxRs m-19,8541,0171,45042.5%
Gross profit margin %23.929.731.1
Effective tax rate%-0.8200.5105.3
Net profit margin%-46.62.43.2
* 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 7.0% on a year-on-year (YoY) basis. The interest expended was down by 3.1% YoY during the same period.
  • The bank's operating profit increased by 39.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.1% in 3QFY19 as against 23.9% in 3QFY18.
  • Other income increased by 29.6% YoY during the quarter.
  • Net profit for the quarter increased by 107.3% YoY. Net profit margins during the quarter increased from -46.6% in 3QFY18 to 3.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 6.3% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.3% QoQ during the same period.
  • The bank's operating profit increased by 11.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.1% in 3QFY19 as against 29.7% in 2QFY18.
  • Net profit for the quarter increased by 42.5% QoQ, while net profit margins increased from 2.4% in 2QFY18 to 3.2% in 3QFY19.

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

ORIENTAL BANK Share Price Performance

Over the last one year, ORIENTAL BANK share price has moved up from Rs 115.7 to Rs 94.3, registering a Loss of Rs 21.4 or around 18.5%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 30,591.1 (up 1.2%). Over the last one year it has moved down from 30,986.1 to 30,591.1, a gain of 395 points (down 1.3%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 94.3, the price to book value (P/BV) ratio of ORIENTAL BANK stands at 0.2 times.

Equitymaster requests your view! Post a comment on "ORIENTAL BANK Announces Quarterly Results (3QFY19); Net Profit Up 107.3%". Click here!

  

Related Views on News

ORIENTAL BANK Announces Quarterly Results (2QFY20); Net Profit Up 23.7% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, ORIENTAL BANK has posted a net profit of Rs 1 bn (up 23.7% YoY). Sales on the other hand came in at Rs 49 bn (up 13.7% YoY). Read on for a complete analysis of ORIENTAL BANK's quarterly results.

ORIENTAL BANK Announces Quarterly Results (1QFY20); Net Profit Up 128.7% (Quarterly Result Update)

Jul 24, 2019 | Updated on Jul 24, 2019

For the quarter ended June 2019, ORIENTAL BANK has posted a net profit of Rs 1 bn (up 128.7% YoY). Sales on the other hand came in at Rs 49 bn (up 15.2% YoY). Read on for a complete analysis of ORIENTAL 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

Is Hawkins Set to Become Our Next Superhero Stock?(The 5 Minute Wrapup)

Nov 1, 2019

After PI Industries, Hawkins has put up a stellar show so far.

Ditch the Risky Fixed Deposits for Safer 'Bluechip Deposits'(Profit Hunter)

Oct 30, 2019

Most people think stocks are riskier than fixed deposits and bonds. The last quarter century proves otherwise.

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

What to Buy at Sensex 40,000(The 5 Minute Wrapup)

Nov 4, 2019

Should you invest in high-quality, safe stocks or make some contrarian bets in the smallcap space?

The Top Stocks for 2020 Pass This Most Critical Metric(The 5 Minute Wrapup)

Nov 5, 2019

Charlie Munger's favorite fictional character, Mr Glotz, picks stocks using this metric.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ORIENTAL BANK SHARE PRICE


Nov 11, 2019 (Close)

TRACK ORIENTAL BANK

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

ORIENTAL BANK 8-QTR ANALYSIS

COMPARE ORIENTAL BANK WITH

MARKET STATS