SHRIRAM CITY UNION Announces Quarterly Results (3QFY19); Net Profit Up 14.7%

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SHRIRAM CITY UNION Announces Quarterly Results (3QFY19); Net Profit Up 14.7%
Mon, 28 Jan

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

SHRIRAM CITY UNION Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m13,38115,15014,398-5.0%7.6%
Other incomeRs m15284-47.6%-97.1%
Total revenuesRs m13,53315,15814,403-5.0%6.4%
InterestRs m4,2244,9525,3027.1%25.5%
Gross Profit Rs m9,07510,1169,015-10.9%-0.7%
Other expensesRs m5,8236,3874,994-21.8%-14.2%
Profit before taxRs m3,4043,7374,0257.7%18.3%
TaxRs m1,1481,2441,43815.5%25.2%
Profit after taxRs m2,2552,4932,5883.8%14.7%
Gross profit margin %67.866.862.6
Effective tax rate%33.733.335.7
Net profit margin%16.916.518.0
* 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 7.6% on a year-on-year (YoY) basis. The interest expended was up by 25.5% YoY during the same period.
  • The bank's operating profit declined by 0.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 62.6% in 3QFY19 as against 67.8% in 3QFY18.
  • Other income declined by 97.1% YoY during the quarter.
  • Net profit for the quarter increased by 14.7% YoY. Net profit margins during the quarter increased from 16.9% in 3QFY18 to 18.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 7.1% QoQ during the same period.
  • The bank's operating profit declined by 10.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 62.6% in 3QFY19 as against 66.8% in 2QFY18.
  • Net profit for the quarter increased by 3.8% QoQ, while net profit margins increased from 16.5% in 2QFY18 to 18.0% in 3QFY19.

To see how SHRIRAM CITY UNION has performed over the last eight quarters, please visit here.

SHRIRAM CITY UNION Share Price Performance

Over the last one year, SHRIRAM CITY UNION share price has moved up from Rs 2,051.8 to Rs 1,706.6, registering a Loss of Rs 345.2 or around 16.8%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 1,706.6, the price to earnings (P/E) ratio of SHRIRAM CITY UNION stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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SHRIRAM CITY UNION Announces Quarterly Results (2QFY19); Net Profit Up 25.7% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, SHRIRAM CITY UNION has posted a net profit of Rs 2 bn (up 25.7% YoY). Sales on the other hand came in at Rs 15 bn (up 17.9% YoY). Read on for a complete analysis of SHRIRAM CITY UNION's quarterly results.

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