BANDHAN BANK LTD Announces Quarterly Results (4QFY20); Net Profit Down 20.5%
Thu, 14 May

BANDHAN BANK LTD has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

BANDHAN BANK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m18,32727,17628,4634.7%55.3%
Other incomeRs m3,8783,5775,00239.8%29.0%
Total revenuesRs m22,20530,75333,4658.8%50.7%
InterestRs m5,75211,77411,663-0.9%102.8%
Gross Profit Rs m12,57515,40316,8009.1%33.6%
Other expensesRs m4,9216,3416,5954.0%34.0%
Profit before taxRs m9,9999,6906,933-28.4%-30.7%
TaxRs m3,4912,3801,760-26.0%-49.6%
Profit after taxRs m6,5097,3105,173-29.2%-20.5%
Gross profit margin %68.656.759.0
Effective tax rate%34.924.625.4
Net profit margin%35.526.918.2
* 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 55.3% on a year-on-year (YoY) basis. The interest expended was up by 102.8% YoY during the same period.
  • The bank's operating profit increased by 33.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 59.0% in 4QFY20 as against 68.6% in 4QFY19.
  • Other income increased by 29.0% YoY during the quarter.
  • Net profit for the quarter declined by 20.5% YoY. Net profit margins during the quarter declined from 35.5% in 4QFY19 to 18.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 0.9% QoQ during the same period.
  • The bank's operating profit increased by 9.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 59.0% in 4QFY20 as against 56.7% in 3QFY19.
  • Net profit for the quarter declined by 29.2% QoQ, while net profit margins declined from 26.9% in 3QFY19 to 18.2% in 4QFY20.

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

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BANDHAN BANK LTD Share Price Performance

Over the last one year,BANDHAN BANK LTD share price has moved down from Rs 543.1 to Rs 248.3, registering a Loss of Rs 294.8 or around 54.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 22,083.2 (down 1.5%). Over the last one year it has moved down from 32,235.0 to 22,083.2, a loss of 10,152 points (down 31.5%).

Overall, the S&P BSE SENSEX is down 14.8% over the year.

Current Valuations

At the current price of Rs 248.3, the price to earnings (P/E) ratio of BANDHAN BANK LTD stands at 16.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.