Share the post "Bank Of Baroda : .Q4 .2024 .Quarterly Earnings: .YoY Revenue Up .14.75. %, QoQ Up .3.43. %"
Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 14.75 % in the past year, substantial increase in revenue by 3.43 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Bank Of Baroda. Profit dropped by -2.91 % Year to Year, Bank Of Baroda’s profitability increased by 7.18 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2.36 % Year to Year. EPS increased by 7.13 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Revenue | Rs. 27077.32 Cr | Rs. 30041.75 Cr | Rs. 31072.17 Cr | + 3.43 % | + 14.75 % |
| Interest | Rs. 14790.46 Cr | Rs. 18002.05 Cr | Rs. 18309.02 Cr | + 1.71 % | + 23.79 % |
| Expenses | Rs. 10641.71 Cr | Rs. 10555.7 Cr | Rs. 12268.71 Cr | + 16.23 % | + 15.29 % |
| Financing Profit | Rs. 1645.15 Cr | Rs. 1484 Cr | Rs. 494.44 Cr | -66.68 % | -69.95 % |
| Financing Margin % | 6.08 % | 4.94 % | 1.59 % | -3.35 % | -4.49 % |
| Other Income | Rs. 5450.74 Cr | Rs. 5042.23 Cr | Rs. 6538.42 Cr | + 29.67 % | + 19.95 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 7095.89 Cr | Rs. 6526.23 Cr | Rs. 7032.86 Cr | + 7.76 % | -0.89 % |
| Tax % | 27.98 % | 27.24 % | 28.68 % | + 1.44 % | + 0.7 % |
| Net Profit | Rs. 5315.1 Cr | Rs. 4814.58 Cr | Rs. 5160.3 Cr | + 7.18 % | -2.91 % |
| EPS in Rs | Rs. 10.16 | Rs. 9.26 | Rs. 9.92 | + 7.13 % | -2.36 % |
| Gross NPA % | % | % | % | % | % |
| Net NPA % | % | % | % | % | % |
Today, we’re looking at Bank Of Baroda’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 14.75 %. However, it did see a marginal increase of 3.43 % from the previous quarter. Interest expenses surged remarkably by 1.71 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.79 %. Expenses ticked up slightly by 16.23 % quarter-on-quarter, aligning with the annual rise of 15.29 %.
Financing profit, while down -69.95 % compared to last year, faced a quarter-on-quarter dip of -66.68 %, signaling a short-term contraction in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.49 %, but a shrinkage of -3.35 % sequentially. Other income rose by 29.67 % compared to the last quarter, despite an annual growth of 19.95 %. Profit before tax declined annually by -0.89 % but saw an increase from the preceding quarter by 7.76 %. Tax expenses as a percentage of profits increased slightly by 0.7 % compared to last year, With a more notable quarter-on-quarter increase of 1.44 %.
Net profit fell by -2.91 % year-on-year, but experienced a 7.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.36 % but a quarterly rise of 7.13 %. In summary, Bank Of Baroda’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Revenue | Rs. 27077.32 Cr | Rs. 30041.75 Cr | Rs. 31072.17 Cr | + 3.43 % | + 14.75 % |
| Interest | Rs. 14790.46 Cr | Rs. 18002.05 Cr | Rs. 18309.02 Cr | + 1.71 % | + 23.79 % |
| Expenses | Rs. 10641.71 Cr | Rs. 10555.7 Cr | Rs. 12268.71 Cr | + 16.23 % | + 15.29 % |
| Financing Profit | Rs. 1645.15 Cr | Rs. 1484 Cr | Rs. 494.44 Cr | -66.68 % | -69.95 % |
| Net Profit | Rs. 5315.1 Cr | Rs. 4814.58 Cr | Rs. 5160.3 Cr | + 7.18 % | -2.91 % |
| EPS in Rs | Rs. 10.16 | Rs. 9.26 | Rs. 9.92 | + 7.13 % | -2.36 % |
In reviewing Bank Of Baroda’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 14.75 % year-on-year growth, however, there was a minor increase of 3.43 % from the previous quarter. Interest expenses climbed by 1.71 % quarterly and sharply by 23.79 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 15.29 % compared to the previous year, with a 16.23 % increase quarter-on-quarter. Financing Profit dropped by -69.95 % annually, and saw a -66.68 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.91 %, and experienced a 7.18 % increase from the previous quarter. Earnings Per Share (EPS) fell by -2.36 % annually, however rose by 7.13 % compared to the last quarter. In essence, while Bank Of Baroda faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
189
3-Year Profit
112
5-Year Profit
15
10-Year Profit
251
Current Price
1,29,589
Market Cap
The financial outlook for the company under BSE code 532134 reveals a significant five-year profit of 112 percents. This marks a notable increase to 189 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of 14 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 23 percents over the past five years but experiencing a dramatic drop to 16 percents within the last year. Over a decade, the stock price was at 4 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company currently holds a market cap of ₹1,29,589 crore, with its stock trading at ₹251. Historically, the stock has fluctuated between ₹300 / 188, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 6.81, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹231, which offers insight into the company's intrinsic worth, while its dividend yield of 3.03% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 6.33%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 16.7%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 12.1, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹-2,084 crore raises concerns about its liquidity position. The Piotroski score of 6.00 reflects the company’s overall financial health, while the Graham Number of ₹438 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 1.08 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
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