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.
