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- PUNJAB & SIND BANK Announces Quarterly Results (1QFY20); Net Profit Up 92.4%
PUNJAB & SIND BANK Announces Quarterly Results (1QFY20); Net Profit Up 92.4%
Tue, 13 Aug
PUNJAB & SIND BANK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
PUNJAB & SIND BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 21,848 | 20,182 | 20,709 | 2.6% | -5.2% |
| Other income | Rs m | 1,513 | 2,862 | 1,670 | -41.7% | 10.4% |
| Total revenues | Rs m | 23,360 | 23,044 | 22,379 | -2.9% | -4.2% |
| Interest | Rs m | 14,741 | 15,885 | 15,034 | -5.4% | 2.0% |
| Gross Profit | Rs m | 7,107 | 4,297 | 5,676 | 32.1% | -20.1% |
| Other expenses | Rs m | 4,538 | 3,117 | 4,650 | 49.2% | 2.5% |
| Profit before tax | Rs m | -6,172 | -296 | -650 | ||
| Tax | Rs m | -2,192 | 289 | -347 | -219.9% | |
| Profit after tax | Rs m | -3,980 | -586 | -303 | ||
| Gross profit margin | % | 32.5 | 21.3 | 27.4 | ||
| Effective tax rate | % | 35.5 | -97.7 | 53.4 | ||
| Net profit margin | % | -18.2 | -2.9 | -1.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter fell 5.2% on a year-on-year (YoY) basis. The interest expended was up by 2.0% YoY during the same period.
- The bank's operating profit declined by 20.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.4% in 1QFY20 as against 32.5% in 1QFY19.
- Other income increased by 10.4% YoY during the quarter.
- Net profit for the quarter increased by 92.4% YoY. Net profit margins during the quarter increased from -18.2% in 1QFY19 to -1.5% in 1QFY20.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter grew 2.6% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 5.4% QoQ during the same period.
- The bank's operating profit increased by 32.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 1QFY20 as against 21.3% in 4QFY19.
- Net profit for the quarter increased by 48.3% QoQ, while net profit margins increased from -2.9% in 4QFY19 to -1.5% in 1QFY20.
To see how PUNJAB & SIND BANK has performed over the last eight quarters,please visit here.
PUNJAB & SIND BANK Share Price Performance
Over the last one year,PUNJAB & SIND BANK share price has moved down from Rs 29.9 to Rs 23.6, registering a Loss of Rs 6.3 or around 21.1%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 31,825.3 (down 0.9%). Over the last one year it has moved up from 31,368.3 to 31,825.3, a gain of 457 points (up 1.5%).
Overall, the S&P BSE SENSEX is down 1.3% over the year.
Current Valuations
At the current price of Rs 23.6, the price to book value (P/BV) ratio of PUNJAB & SIND BANK stands at 0.2 times.
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PUNJAB & SIND BANK Announces Quarterly Results (4QFY19); Net Profit Up 88.8% (Quarterly Result Update)
May 29, 2019 | Updated on May 29, 2019For the quarter ended March 2019, PUNJAB & SIND BANK has posted a net profit of Rs 586 m (up 88.8% YoY). Sales on the other hand came in at Rs 20 bn (up 2.6% YoY). Read on for a complete analysis of PUNJAB & SIND BANK's quarterly results.
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