VIJAYA BANK Announces Quarterly Results (3QFY19); Net Profit Up 80.2%

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?  

VIJAYA BANK Announces Quarterly Results (3QFY19); Net Profit Up 80.2%
Thu, 24 Jan

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

VIJAYA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m31,35236,34038,4845.9%22.7%
Other incomeRs m3,1562,9742,580-13.2%-18.3%
Total revenuesRs m34,50839,31441,0644.5%19.0%
InterestRs m19,81124,68526,6137.8%34.3%
Gross Profit Rs m11,54211,65511,8711.9%2.9%
Other expensesRs m7,0207,0416,888-2.2%-1.9%
Profit before taxRs m9081,7021,7875.0%96.8%
TaxRs m11230235316.9%214.4%
Profit after taxRs m7961,3991,4342.5%80.2%
Gross profit margin %36.832.130.8
Effective tax rate%12.417.819.8
Net profit margin%2.53.93.7
* 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 22.7% on a year-on-year (YoY) basis. The interest expended was up by 34.3% YoY during the same period.
  • The bank's operating profit increased by 2.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.8% in 3QFY19 as against 36.8% in 3QFY18.
  • Other income declined by 18.3% YoY during the quarter.
  • Net profit for the quarter increased by 80.2% YoY. Net profit margins during the quarter increased from 2.5% in 3QFY18 to 3.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 5.9% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 7.8% QoQ during the same period.
  • The bank's operating profit declined by 1.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.8% in 3QFY19 as against 32.1% in 2QFY18.
  • Net profit for the quarter increased by 2.5% QoQ, while net profit margins declined from 3.8% in 2QFY18 to 3.7% in 3QFY19.

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

VIJAYA BANK Share Price Performance

Over the last one year, VIJAYA BANK share price has moved up from Rs 69.3 to Rs 45.0, registering a Loss of Rs 24.3 or around 35.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 30,547.2 (up 0.0%). Over the last one year it has moved down from 31,117.9 to 30,547.2, a gain of 571 points (down 1.8%).

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 45.0, the price to earnings (P/E) ratio of VIJAYA BANK stands at 6.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

Equitymaster requests your view! Post a comment on "VIJAYA BANK Announces Quarterly Results (3QFY19); Net Profit Up 80.2%". Click here!

  

Related Views on News

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

'Essential' Smallcap Stock Recommendations(Profit Hunter)

Jan 8, 2021

The smallcap rally has enough steam left in it. If you haven't joined yet, it is still not too late.

Is Nifty Forming a Top(Fast Profits Daily)

Jan 8, 2021

The charts are telling the bulls to be cautious.

Why Gold Hit Lower Circuit(Fast Profits Daily)

Jan 11, 2021

Were you shocked that bullion prices hit lower circuits on Friday on the MCX? Find out why it happened...

A Rare Chance to Invest in Potential Multibaggers in 2021(Profit Hunter)

Jan 11, 2021

Our ace stock picker is ready to capitalise on a big growth opportunity.

More

India's #1 Trader
Reveals His Secrets

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

VIJAYA BANK SHARE PRICE


Mar 7, 2019 (Close)

TRACK VIJAYA BANK

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

VIJAYA BANK 5-YR ANALYSIS

COMPARE VIJAYA BANK WITH

MARKET STATS