Seasonal magazine march 2014 issue

Page 91

TTM P/E - Price divided by Consolidated TTM EPS (Core metric showing how expensive or cheap is a stock. In the same se ctor, a lower P/E stock is cheaper than a higher P/E stock, and vice-versa. But a too low P/E than peers can hint at various underlying risks. A moderately higher P/E than peers can also hint at various strengths, even though a very high P/E shows that it is overpriced or even rigged.)

Bank of Maharashtra Records Higher NII, Profits Dive Due to Provisioning Bank of Maharashtra reported 91.8 percent dip in net profit at Rs 15.8 crore for the October-December quarter because of higher provisioning for bad loans. The Pune-based public sector lender had posted net profit of Rs 194.06 crore for the same quarter of last fiscal, 2012-13. Its total income in Q3, 2013-14 increased to Rs 3,307.49 crore, from Rs 2,710.16 crore in the year-ago period. Provisions other than tax and contingencies during the quarter increased three-fold to Rs 407.78 crore as against Rs 143.89 crore in the same period of last fiscal. Its operating profit in Q3 also declined to Rs 425.01 crore, as against Rs 525.01 crore in the year-ago period. As of December 31, bank’s portfolio quality deteriorated further, with gross NPAs rising to 4.01 percent of gross advances, as against 1.71 per cent a year ago. Its net NPAs during the third quarter rose to 2.56 percent, from 0.66 percent BoM EPS in the period a year earlier. Q3(Dec13) 0.01 Meanwhile, the bank declared an interim Q2(Sept-13) 0.50 dividend of Re 1 per share Q1(June-13) 3.81 or 10 percent of paid up Q4 (FY13) 4.13 capital for 2013-14. TTM EPS 8.45

Price

32.25

TTM P/E 3.82 Sushil Muhnot, BoM

Ashwani Kumar, Dena Bank

Dena Bank Expands Topline, Bottomline Dives Down

dena bank Q3(Dec13) Q2(Sept-13) Q1(June-13) Q4 (FY13) TTM EPS Price

EPS 1.97 3.07 5.40 3.59 14.03 53.00

TTM P/E 30.78

Dena Bank, a small-sized PSU lender, has reported its results for the quarter ended Dec ’13. Standalone Net Interest Income (NII) for the quarter was Rs 2,533.84 crore and net profit was Rs 67.80 crore. Other income for the quarter was Rs 128.96 crore. For the quarter ended Dec 2012 the Standalone Net Interest Income (NII) was Rs 2263.96 crore and net profit was Rs 206.44 crore., and other income Rs 144.46 crore.

Punjab & Sind Bank’s Growth Impressive Punjab & Sind Bank has reported its results for the quarter ended Dec ’13. Standalone Net Interest Income (NII) for the quarter was Rs 2,062.07 crore and net profit was Rs 100.11 crore. Other income for the quarter was Rs 115.51 crore. For the quarter ended Dec 2012 the Standalone Net Interest Income (NII) was Rs 1878.46 crore and net profit was Rs 73.68 crore., and other income Rs 105.02 crore.

PSB Q3(Dec13) Q2(Sept-13) Q1(June-13) Q4 (FY13) TTM EPS Price JATINDERBIR SINGH, PSB

EPS 3.91 1.69 4.79 4.30 14.69 42.95

TTM P/E 2.92 Seasonal Magazine

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