SYNDICATE BANK Announces Quarterly Results (4QFY19); Net Profit Up 105.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SYNDICATE BANK Announces Quarterly Results (4QFY19); Net Profit Up 105.8%
Tue, 14 May

SYNDICATE BANK has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

SYNDICATE BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m53,57254,58656,1032.8%4.7%
Other incomeRs m6,8886,1907,35018.7%6.7%
Total revenuesRs m60,46060,77663,4524.4%4.9%
InterestRs m36,78538,40236,580-4.7%-0.6%
Gross Profit Rs m16,78816,18519,52220.6%16.3%
Other expensesRs m14,33416,03916,3021.6%13.7%
Profit before taxRs m-30,0321,3641,75928.9%
TaxRs m-8,08028447868.3%
Profit after taxRs m-21,9511,0801,28018.5%
Gross profit margin %31.329.634.8
Effective tax rate%26.920.827.2
Net profit margin%-41.02.02.3
* 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 4.7% on a year-on-year (YoY) basis. The interest expended was down by 0.6% YoY during the same period.
  • The bank's operating profit increased by 16.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.8% in 4QFY19 as against 31.3% in 4QFY18.
  • Other income increased by 6.7% YoY during the quarter.
  • Net profit for the quarter increased by 105.8% YoY. Net profit margins during the quarter increased from -41.0% in 4QFY18 to 2.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 4.7% QoQ during the same period.
  • The bank's operating profit increased by 20.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.8% in 4QFY19 as against 29.6% in 3QFY18.
  • Net profit for the quarter increased by 18.5% QoQ, while net profit margins increased from 2.0% in 3QFY18 to 2.3% in 4QFY19.

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

SYNDICATE BANK Share Price Performance

Over the last one year, SYNDICATE BANK share price has moved up from Rs 51.5 to Rs 34.2, registering a Loss of Rs 17.3 or around 33.6%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 32,066.0 (up 0.2%). Over the last one year it has moved up from 29,739.1 to 32,066.0, a gain of 2,327 points (up 7.8%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 34.2, the price to book value (P/BV) ratio of SYNDICATE BANK stands at 0.1 times.

Equitymaster requests your view! Post a comment on "SYNDICATE BANK Announces Quarterly Results (4QFY19); Net Profit Up 105.8%". Click here!

  

Related Views on News

SYNDICATE BANK Announces Quarterly Results (2QFY20); Net Profit Up 116.3% (Quarterly Result Update)

Nov 5, 2019 | Updated on Nov 5, 2019

For the quarter ended September 2019, SYNDICATE BANK has posted a net profit of Rs 3 bn (up 116.3% YoY). Sales on the other hand came in at Rs 54 bn (up 0.1% YoY). Read on for a complete analysis of SYNDICATE BANK's quarterly results.

SYNDICATE BANK Announces Quarterly Results (1QFY20); Net Profit Up 23.5% (Quarterly Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, SYNDICATE BANK has posted a net profit of Rs 10 bn (up 23.5% YoY). Sales on the other hand came in at Rs 55 bn (up 5.5% YoY). Read on for a complete analysis of SYNDICATE BANK's quarterly results.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

SYNDICATE BANK SHARE PRICE


Jan 24, 2020 (Close)

TRACK SYNDICATE BANK

  • Track your investment in SYNDICATE BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON SYNDICATE BANK

SYNDICATE BANK - YES BANK COMPARISON

COMPARE SYNDICATE BANK WITH

MARKET STATS