Share the post "Bank of India : .Q4 .2024 .Quarterly Earnings: .YoY Revenue Up .19.29. %, QoQ Up .5.5. %"
Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 19.29 % in the past year, substantial increase in revenue by 5.5 %.
- Profit over the Year and quarter: Significant improvement in profitability for Bank of India. Notable increase of 1.86 % in net profit Year to Year, Bank of India’s profitability dropped by -25.5 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -8.14 % Year to Year. EPS decreased by -31.15 % in previous quarter. Analysis needed for shareholder value.
- Gross NPA % over the Year and quarter:
- Net NPA % over the Year and quarter:
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 13547.92 Cr | Rs. 15318.75 Cr | Rs. 16161.7 Cr | + 5.5 % | + 19.29 % |
Interest | Rs. 7947.56 Cr | Rs. 9792.22 Cr | Rs. 10225.8 Cr | + 4.43 % | + 28.67 % |
Expenses | Rs. 6590.2 Cr | Rs. 4189.79 Cr | Rs. 5956.03 Cr | + 42.16 % | -9.62 % |
Financing Profit | Rs. -989.84 Cr | Rs. 1336.74 Cr | Rs. -20.13 Cr | -101.51 % | + 97.97 % |
Financing Margin % | -7.31 % | 8.73 % | -0.12 % | -8.85 % | + 7.19 % |
Other Income | Rs. 3168.03 Cr | Rs. 1202.08 Cr | Rs. 1751.33 Cr | + 45.69 % | -44.72 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 2178.19 Cr | Rs. 2538.82 Cr | Rs. 1731.2 Cr | -31.81 % | -20.52 % |
Tax % | 36.27 % | 25.34 % | 16.88 % | -8.46 % | -19.39 % |
Net Profit | Rs. 1412.7 Cr | Rs. 1931.44 Cr | Rs. 1438.91 Cr | -25.5 % | + 1.86 % |
EPS in Rs | Rs. 3.44 | Rs. 4.59 | Rs. 3.16 | -31.15 % | -8.14 % |
Gross NPA % | % | % | 4.98 % | % | % |
Net NPA % | % | % | 1.22 % | % | % |
Today, we’re looking at Bank of India’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 19.29 %. However, it did see a marginal increase of 5.5 % from the previous quarter. Interest expenses surged remarkably by 4.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.67 %. Expenses ticked up slightly by 42.16 % quarter-on-quarter, aligning with the annual decline of -9.62 %.
Financing profit, while up 97.97 % compared to last year, faced a quarter-on-quarter dip of -101.51 %, signaling a short-term contraction in margins. The Financing Margin % echoes this narrative, showing resilience on an annual basis with an increase of 7.19 %, but a shrinkage of -8.85 % sequentially. Other income rose by 45.69 % compared to the last quarter, despite an annual decline of -44.72 %. Profit before tax declined annually by -20.52 % but saw a reduction from the preceding quarter by -31.81 %. Tax expenses as a percentage of profits decreased slightly by -19.39 % compared to last year, With a more notable quarter-on-quarter decrease of -8.46 %.
Net profit rose by 1.86 % year-on-year, but witnessed a -25.5 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -8.14 % but a quarterly fall of -31.15 %. In summary, Bank of India’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. 13547.92 Cr | Rs. 15318.75 Cr | Rs. 16161.7 Cr | + 5.5 % | + 19.29 % |
Interest | Rs. 7947.56 Cr | Rs. 9792.22 Cr | Rs. 10225.8 Cr | + 4.43 % | + 28.67 % |
Expenses | Rs. 6590.2 Cr | Rs. 4189.79 Cr | Rs. 5956.03 Cr | + 42.16 % | -9.62 % |
Financing Profit | Rs. -989.84 Cr | Rs. 1336.74 Cr | Rs. -20.13 Cr | -101.51 % | + 97.97 % |
Net Profit | Rs. 1412.7 Cr | Rs. 1931.44 Cr | Rs. 1438.91 Cr | -25.5 % | + 1.86 % |
EPS in Rs | Rs. 3.44 | Rs. 4.59 | Rs. 3.16 | -31.15 % | -8.14 % |
Gross NPA % | % | % | 4.98 % | % | % |
Net NPA % | % | % | 1.22 % | % | % |
In reviewing Bank of India’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 19.29 % year-on-year growth, however, there was a minor increase of 5.5 % from the previous quarter. Interest expenses climbed by 4.43 % quarterly and sharply by 28.67 % annually, demonstrating effective cost control and improved debt management. Expenses decreased by -9.62 % compared to the previous year, with a 42.16 % increase quarter-on-quarter. Financing Profit surged by 97.97 % annually, and saw a -101.51 % decrease from the last quarter.
Net Profit showed yearly increase of 1.86 %, and experienced a -25.5 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -8.14 % annually, however dipped by -31.15 % compared to the last quarter. In essence, while Bank of India 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.
71
3-Year Profit
20
5-Year Profit
15
10-Year Profit
57.9
Current Price
50,271
Market Cap
Upon examining the financial data for BSE code 532885, it becomes clear that the company achieved a notable five-year profit of 20 percents, which impressively increased to 71 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of 70 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 27 percents over the five-year period to just 16 percents in the last year. The ten-year average stock price, which sits at 0 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
The company currently holds a market cap of ₹50,271 crore, with its stock trading at ₹57.9. Historically, the stock has fluctuated between ₹76.9 / 40.8, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 16.1, 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 ₹37.3, which offers insight into the company's intrinsic worth, while its dividend yield of 0.00% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 5.29%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 8.71%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 12.5, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹-6,494 crore raises concerns about its liquidity position. The Piotroski score of 5.00 reflects the company’s overall financial health, while the Graham Number of ₹54.9 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 1.55 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.