CAPITAL FIRST Announces Quarterly Results (1QFY19); Net Profit Up 51.4%
Mon, 6 Aug

CAPITAL FIRST has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

CAPITAL FIRST Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m8,08810,94010,454-4.4%29.2%
Other incomeRs m11610696-10.0%-17.6%
Total revenuesRs m8,20411,04610,550-4.5%28.6%
InterestRs m3,0653,9264,53315.5%47.9%
Gross Profit Rs m4,9666,9225,858-15.4%17.9%
Other expensesRs m4,0885,6004,363-22.1%6.7%
Profit before taxRs m9941,4281,59111.4%60.0%
TaxRs m32347457321.1%77.8%
Profit after taxRs m6729551,0176.5%51.4%
Gross profit margin %61.463.356.0
Effective tax rate%32.433.236.0
Net profit margin%8.38.79.7
* 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 29.2% on a year-on-year (YoY) basis. The interest expended was up by 47.9% YoY during the same period.
  • The bank's operating profit increased by 17.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.0% in 1QFY19 as against 61.4% in 1QFY18.
  • Other income declined by 17.6% YoY during the quarter.
  • Net profit for the quarter increased by 51.4% YoY. Net profit margins during the quarter increased from 8.3% in 1QFY18 to 9.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 4.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 15.5% QoQ during the same period.
  • The bank's operating profit declined by 15.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.0% in 1QFY19 as against 63.3% in 4QFY18.
  • Net profit for the quarter increased by 6.5% QoQ, while net profit margins increased from 8.7% in 4QFY18 to 9.7% in 1QFY19.

To see how CAPITAL FIRST has performed over the last eight quarters, please visit here.

CAPITAL FIRST Share Price Performance

Over the last one year, CAPITAL FIRST share price has moved up from Rs 778.1 to Rs 577.0, registering a Loss of Rs 201.2 or around 25.9%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 577.0, the price to earnings (P/E) ratio of CAPITAL FIRST stands at 14.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.