X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
UNITED BANK OF INDIA Announces Quarterly Results (4QFY19); Net Profit Up 136.5%

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?  

UNITED BANK OF INDIA Announces Quarterly Results (4QFY19); Net Profit Up 136.5%
Thu, 16 May

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

UNITED BANK OF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m21,88020,68222,1337.0%1.2%
Other incomeRs m4,4777,7817,348-5.6%64.1%
Total revenuesRs m26,35728,46229,4813.6%11.9%
InterestRs m16,74516,88116,066-4.8%-4.1%
Gross Profit Rs m5,1353,8006,06759.6%18.1%
Other expensesRs m8,2837,7558,0163.4%-3.2%
Profit before taxRs m-12,521-15,846-11,479
TaxRs m-9,914-4,453-12,431
Profit after taxRs m-2,606-11,393952
Gross profit margin %23.518.427.4
Effective tax rate%79.228.1108.3
Net profit margin%-11.9-55.14.3
* 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 1.2% on a year-on-year (YoY) basis. The interest expended was down by 4.1% YoY during the same period.
  • The bank's operating profit increased by 18.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 4QFY19 as against 23.5% in 4QFY18.
  • Other income increased by 64.1% YoY during the quarter.
  • Net profit for the quarter increased by 136.5% YoY. Net profit margins during the quarter increased from -11.9% in 4QFY18 to 4.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 4.8% QoQ during the same period.
  • The bank's operating profit increased by 59.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 4QFY19 as against 18.4% in 3QFY18.
  • Net profit for the quarter increased by 108.4% QoQ, while net profit margins increased from -55.1% in 3QFY18 to 4.3% in 4QFY19.

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

UNITED BANK OF INDIA Share Price Performance

Over the last one year, UNITED BANK OF INDIA share price has moved up from Rs 11.0 to Rs 10.6, registering a Loss of Rs 0.4 or around 3.4%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 31,924.7 (down 0.1%). Over the last one year it has moved up from 29,357.5 to 31,924.7, a gain of 2,567 points (up 8.7%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 10.6, the price to book value (P/BV) ratio of UNITED BANK OF INDIA stands at 0.1 times.

Equitymaster requests your view! Post a comment on "UNITED BANK OF INDIA Announces Quarterly Results (4QFY19); Net Profit Up 136.5%". Click here!

  

Related Views on News

UNITED BANK OF INDIA Announces Quarterly Results (3QFY19); Net Profit Down 78.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, UNITED BANK OF INDIA has posted a net profit of Rs 11 bn (down 78.7% YoY). Sales on the other hand came in at Rs 21 bn (up 3.2% YoY). Read on for a complete analysis of UNITED BANK OF INDIA's quarterly results.

UNITED BANK OF INDIA Announces Quarterly Results (2QFY19); Net Profit Down 156.1% (Quarterly Result Update)

Nov 21, 2018 | Updated on Nov 21, 2018

For the quarter ended September 2018, UNITED BANK OF INDIA has posted a net profit of Rs 9 bn (down 156.1% YoY). Sales on the other hand came in at Rs 21 bn (up 2.3% YoY). Read on for a complete analysis of UNITED BANK OF INDIA'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?

MAS Financial Services Ltd. (IPO)

Oct 5, 2017

Assets Under Management have increased at a CAGR of 33.3% in the preceding five years. The asset quality has remained intact with GNPAs hovering around 1%. With fundamentals looking good, should one subscribe to this IPO?

More Views on News

Most Popular

These 3 Smallcap Stocks are Set to Make the Most of Smallcap Rebound(Profit Hunter)

Jul 9, 2019

As the sense of normalcy returns to the markets, the rebound in the quality smallcaps could be huge.

2 Stocks from Super Investor Sanjay Bakshi's Portfolio You Can Bet On...(The 5 Minute Wrapup)

Jul 12, 2019

Despite the current fear prevailing in the markets, both these stocks have the potential to deliver in 4-5 years.

After Disappointing Budget, Here's a Document that Concerns Largecap and Smallcap Investors(The 5 Minute Wrapup)

Jul 8, 2019

A new 'definition' of the stock universe that triggered the smallcap sell-off is back with the latest list...

Here's What to Do with Falling Small Cap Stocks(Profit Hunter)

Jul 10, 2019

There are some great buying opportunities in the market right now - and the small cap space is your best bet.

Budget an Icing on the Cake for This Smart Money Backed Affordable Housing Stock(The 5 Minute Wrapup)

Jul 10, 2019

Affordable housing is one of the most straightforward growth stories in India. This will help the real estate sector to come out of the slump.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

UNITED BANK OF INDIA SHARE PRICE


Jul 19, 2019 (Close)

TRACK UNITED BANK OF INDIA

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

MORE ON UNITED BANK OF INDIA

UNITED BANK OF INDIA 8-QTR ANALYSIS

COMPARE UNITED BANK OF INDIA WITH

MARKET STATS