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.
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

VIJAYA BANK Announces Quarterly Results (2QFY19); Net Profit Down 24.5% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, VIJAYA BANK has posted a net profit of Rs 1 bn (down 24.5% YoY). Sales on the other hand came in at Rs 36 bn (up 19.0% YoY). Read on for a complete analysis of VIJAYA BANK's quarterly results.

VIJAYA BANK Announces Quarterly Results (1QFY19); Net Profit Down 43.3% (Quarterly Result Update)

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, VIJAYA BANK has posted a net profit of Rs 1 bn (down 43.3% YoY). Sales on the other hand came in at Rs 35 bn (up 16.8% YoY). Read on for a complete analysis of VIJAYA 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?

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?

The Pied Pipers of 'Buy High, Sell Higher' (The 5 Minute Wrapup)

Jul 14, 2017

What should you make of Ola drivers turning day traders and Radio Jockeys giving opinion on the Sensex?

More Views on News

Most Popular

Are You Ready for the Big Nifty Move in the March Expiry?(Profit Hunter)

Mar 8, 2019

History suggests the Nifty could make a big move in March. Are you prepared to benefit from this opportunity?

Smallcaps Are Rallying and You Need to Make the Most of It Now(Profit Hunter)

Mar 7, 2019

Did you just miss the smallcap rally? Or is there still time to catch up? Read on for answers and more...

The One Sector to Bet on Today as India Grows into a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Mar 7, 2019

India's defence sector is suddenly under the spotlight. Can this sector ride along India's long-term growth story?

Is it the Right Time to Buy Mid and Small Caps Now?(The 5 Minute Wrapup)

Mar 6, 2019

Mid and Small Caps have underperformed large caps in the past year. Is the tide about to turn?

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

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

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 - SOUTH IND.BANK COMPARISON

COMPARE VIJAYA BANK WITH

MARKET STATS