SHRIRAM CITY UNION Announces Quarterly Results (4QFY18); Net Profit Up 290.5%

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SHRIRAM CITY UNION Announces Quarterly Results (4QFY18); Net Profit Up 290.5%
Fri, 20 Jul

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

SHRIRAM CITY UNION Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Operating incomeRs m11,07113,38112,428-7.1%12.3%
Other incomeRs m515210-93.3%106.1%
Total revenuesRs m11,07613,53312,438-8.1%12.3%
InterestRs m3,9374,2244,3102.0%9.5%
Gross Profit Rs m7,0479,0758,035-11.5%14.0%
Other expensesRs m6,8465,8237,28925.2%6.5%
Profit before taxRs m2063,404756-77.8%266.7%
TaxRs m861,148285-75.2%233.3%
Profit after taxRs m1202,255470-79.2%290.5%
Gross profit margin %63.767.864.7
Effective tax rate%41.633.737.8
Net profit margin%1.116.93.8
* 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 12.3% on a year-on-year (YoY) basis. The interest expended was up by 9.5% YoY during the same period.
  • The bank's operating profit increased by 14.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 64.7% in 4QFY18 as against 63.7% in 4QFY17.
  • Other income increased by 106.1% YoY during the quarter.
  • Net profit for the quarter increased by 290.5% YoY. Net profit margins during the quarter increased from 1.1% in 4QFY17 to 3.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 7.1% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 2.0% QoQ during the same period.
  • The bank's operating profit declined by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 64.7% in 4QFY18 as against 67.8% in 3QFY17.
  • Net profit for the quarter declined by 79.2% QoQ, while net profit margins declined from 16.9% in 3QFY17 to 3.8% in 4QFY18.

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 2,317.7 to Rs 1,892.1, registering a Loss of Rs -425.7 or around 18.4%.

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

Current Valuations

At the current price of Rs 1,892.1, the price to earnings (P/E) ratio of SHRIRAM CITY UNION stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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