MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- PUNJAB & SIND BANK
- PUNJAB & SIND BANK Announces Quarterly Results (3QFY19); Net Profit Up 108.7%
PUNJAB & SIND BANK Announces Quarterly Results (3QFY19); Net Profit Up 108.7%
Wed, 13 Feb
PUNJAB & SIND BANK has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
PUNJAB & SIND BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 20,439 | 22,000 | 21,557 | -2.0% | 5.5% |
| Other income | Rs m | 1,348 | 2,094 | 1,814 | -13.4% | 34.6% |
| Total revenues | Rs m | 21,787 | 24,094 | 23,371 | -3.0% | 7.3% |
| Interest | Rs m | 14,439 | 15,947 | 16,217 | 1.7% | 12.3% |
| Gross Profit | Rs m | 6,000 | 6,053 | 5,340 | -11.8% | -11.0% |
| Other expenses | Rs m | 3,817 | 4,642 | 4,814 | 3.7% | 26.1% |
| Profit before tax | Rs m | -2,354 | -2,432 | 313 | ||
| Tax | Rs m | 229 | -1,340 | 90 | -60.8% | |
| Profit after tax | Rs m | -2,583 | -1,092 | 223 | ||
| Gross profit margin | % | 29.4 | 27.5 | 24.8 | ||
| Effective tax rate | % | -9.7 | 55.1 | 28.6 | ||
| Net profit margin | % | -12.6 | -5.0 | 1.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter grew 5.5% on a year-on-year (YoY) basis. The interest expended was up by 12.3% YoY during the same period.
- The bank's operating profit declined by 11.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.8% in 3QFY19 as against 29.4% in 3QFY18.
- Other income increased by 34.6% YoY during the quarter.
- Net profit for the quarter increased by 108.7% YoY. Net profit margins during the quarter increased from -12.6% in 3QFY18 to 1.0% in 3QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 2.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 1.7% QoQ during the same period.
- The bank's operating profit declined by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.8% in 3QFY19 as against 27.5% in 2QFY18.
- Net profit for the quarter increased by 120.5% QoQ, while net profit margins increased from -5.0% in 2QFY18 to 1.0% in 3QFY19.
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 up from Rs 42.2 to Rs 25.9, registering a Loss of Rs 16.4 or around 38.7%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 30,116.8 (down 0.2%). Over the last one year it has moved up from 29,080.0 to 30,116.8, a gain of 1,037 points (up 3.6%).
Overall, the S&P BSE SENSEX is up 5.6% over the year.
Current Valuations
At the current price of Rs 25.9, the price to book value (P/BV) ratio of PUNJAB & SIND BANK stands at 0.2 times.
Related Views on News
How the YES Bank Collapse Unfolded - 10 Points (Sector Info)
Mar 9, 2020A 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, 2020Top factors that dragged the markets lower today.
PUNJAB & SIND BANK Announces Quarterly Results (1QFY20); Net Profit Up 92.4% (Quarterly Result Update)
Aug 13, 2019 | Updated on Aug 13, 2019For the quarter ended June 2019, PUNJAB & SIND BANK has posted a net profit of Rs 303 m (up 92.4% YoY). Sales on the other hand came in at Rs 21 bn (down 5.2% YoY). Read on for a complete analysis of PUNJAB & SIND BANK's quarterly results.
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.
More Views on NewsMost Popular
Intraday Trading for a Living(Fast Profits Daily)
Feb 15, 2021In 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, 2021This 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, 2021A 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, 2021Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
More|
| |
OUR TOP 5 IDEAS
- Access Now: Eight Steps to Your Eight Figure Fortune
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
PUNJAB & SIND BANK SHARE PRICE
Feb 25, 2021 01:56 PM
TRACK PUNJAB & SIND BANK
- Track your investment in PUNJAB & SIND BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON PUNJAB & SIND BANK
PUNJAB & SIND BANK - WELLS FARGO COMPARISON
COMPARE PUNJAB & SIND BANK WITH
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
- Momentum Moves
FOLLOW
APP
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "PUNJAB & SIND BANK Announces Quarterly Results (3QFY19); Net Profit Up 108.7%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!