RBL BANK LTD Announces Quarterly Results (4QFY20); Net Profit Down 53.7%

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RBL BANK LTD Announces Quarterly Results (4QFY20); Net Profit Down 53.7%
Fri, 8 May

RBL BANK LTD has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

RBL BANK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m18,34121,57322,0822.4%20.4%
Other incomeRs m4,0924,8705,0052.8%22.3%
Total revenuesRs m22,43426,44327,0882.4%20.7%
InterestRs m10,95412,34711,873-3.8%8.4%
Gross Profit Rs m7,3879,22710,21010.7%38.2%
Other expensesRs m5,8806,7757,56711.7%28.7%
Profit before taxRs m3,6009391,50860.6%-58.1%
TaxRs m1,12823936452.1%-67.7%
Profit after taxRs m2,4727001,14463.5%-53.7%
Gross profit margin %40.342.846.2
Effective tax rate%31.325.524.1
Net profit margin%13.53.25.2
* 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 20.4% on a year-on-year (YoY) basis. The interest expended was up by 8.4% YoY during the same period.
  • The bank's operating profit increased by 38.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 46.2% in 4QFY20 as against 40.3% in 4QFY19.
  • Other income increased by 22.3% YoY during the quarter.
  • Net profit for the quarter declined by 53.7% YoY. Net profit margins during the quarter declined from 13.5% in 4QFY19 to 5.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 3.8% QoQ during the same period.
  • The bank's operating profit increased by 10.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 46.2% in 4QFY20 as against 42.8% in 3QFY19.
  • Net profit for the quarter increased by 63.5% QoQ, while net profit margins increased from 3.2% in 3QFY19 to 5.2% in 4QFY20.

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

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RBL BANK LTD Share Price Performance

Over the last one year,RBL BANK LTD share price has moved down from Rs 652.3 to Rs 130.0, registering a Loss of Rs 522.3 or around 80.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 22,798.3 (up 2.2%). Over the last one year it has moved down from 32,345.5 to 22,798.3, a loss of 9,547 points (down 29.5%).

Overall, the S&P BSE SENSEX is down 16.7% over the year.

Current Valuations

At the current price of Rs 130.0, the price to earnings (P/E) ratio of RBL BANK LTD stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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