Karur Vysya Bank Ltd. -S | CMP Rs. 57 | M Cap Rs. 4575 Cr | 52 W H/L 95/51
(Nirmal Bang Retail Research)
Result is broadly in-line with expectations. PAT is lower due to deferred tax adjustment
Slippages figure awaited
Net Interest Income came at Rs. 596.3 Cr vs expectation of Rs. 603.2 Cr, YoY Rs. 579.1 Cr, QoQ Rs. 584 Cr
Non Interest Income came at Rs. 277.7 Cr vs YoY Rs. 175.6 Cr, QoQ Rs. 269.8 Cr
PBP came at Rs. 431.2 Cr vs expectation of Rs. 444.3 Cr, YoY Rs. 361.4 Cr, QoQ Rs. 445.1 Cr
Provisions came at Rs. 365.2 Cr vs expectation of Rs. 335 Cr, YoY Rs. 213.1 Cr, QoQ Rs. 330 Cr
Adj. PAT came at Rs. 63.3 Cr vs expectation of Rs. 88.8 Cr, YoY Rs. 83.7 Cr, QoQ Rs. 72.9 Cr
Gross NPA came at Rs. 4391 Cr vs QoQ Rs. 4510.8 Cr at 8.89% vs QoQ 9.17%
Net NPA came at Rs. 2118.4 Cr vs QoQ Rs. 2321.8 Cr at 4.5% vs QoQ 4.94%
Quarter EPS is Rs. 0.8
Share is trading at P/E of 11.1x FY20E EPS & 1x trailing P/Adj. BV