The banks listed below have released their financial results for the third quarter of the year. These results include important financial metrics such as revenue, profit, and loss, and they are a good indicator of the banks’ overall performance.
Union Bank of India
Union Bank of India operates in the following industries: banking services, government business, merchant banking, agency business, insurance, mutual funds, and wealth management.
In the latest quarter, the net revenue of the company rose by 21% YoY from ₹20,966 to ₹25,521 and their Net profit increased by 60% YoY from ₹2,264 to ₹3,625.
According to Sequential their revenue increased by 3% from ₹24,732 and the net profit increased by 1.4% from ₹3,572
The price-to-earnings ratio of the company is 8.4 which is low compared to its competitors, with the return on capital employed of 11% and net profit margin of 10.5%.
Union Bank of India has a market capitalization of is ₹1,04,997 crores, the share price of the company rose by 60% in the last 6 months and 74% in the last year.
On Saturday the share price of the company rose by 4% to ₹141.65 per share from its previous close of ₹136.10.
IDBI Bank Ltd
IDBI Bank is in the business of monetary intermediation between commercial banks, savings banks, postal savings banks, and discount houses.
In the latest quarter, the net revenue of the company rose by 25% from ₹5,230 to ₹6,549 and their Net profit increased by 60% from ₹950 to ₹1,515.
On a QoQ basis, the net revenue increased by 8.4% from ₹6,038 and the net profit rose by 8.7% from ₹1,393.
IDBI Bank Ltd has a low price-to-earnings ratio of 15 compared to its peers, a net profit margin of 18%, and a dividend yield of 1.26%.
With a market capitalization of ₹4,400 Crores, it is a small-cap company, the share price of the company rose by 34% in the last six months and 41% in the last year.
The share price of the company rose by 13.45% at ₹79.04 per share from its previous close of ₹69.67 on Saturday’s special trading session.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank offers a variety of financial services including retail and corporate banking, investment banking, insurance, asset management, and more.
The net revenue of the company rose by 31% YoY from ₹11,011 to ₹14,495 in the QoQ net revenue rose by 5.6% from ₹13,717.
Kotak Mahindra Bank’s net profit rose by 6.7% from ₹3,995 to ₹4,265 on the QoQ basis the net profit rose by 4.3% from ₹4,461.
In the Kotak Mahindra Bank, the price-to-earnings ratio of 20 compared to its peer company, the return on equity is 14% and the net profit margin is 35%.
The large-cap bank has a market capitalization of ₹3,59,059 crores, the share price of the company rose by 1.47 percent last year.
The share price of the company closed 2.3% up at ₹1,806.45 per share from its previous close of ₹1765.75 on Saturday.
Jammu and Kashmir Bank Ltd
Jammu & Kashmir Bank (J&K Bank), based in Jammu & Kashmir, India, is a publicly traded banking company that offers a variety of banking services, including retail banking, corporate banking, and treasury operations.
The net revenue of the company rose by 18% YoY from ₹2,441 to ₹2,881 in the QoQ net revenue rose by 4.2% from ₹2,764.
Jammu and Kashmir Bank Ltd’s net profit rose by 4.2% from ₹307 to ₹423 on the QoQ basis the net profit rose by 4.3% from ₹4,461.
In Jammu and Kashmir Bank Ltd, the price-to-earnings ratio of 10 compared to its peer company, the return on equity is 13% and the net profit margin is 12%.
Jammu and Kashmir Bank Ltd is a small-cap company with a market capitalization of ₹14,552 crores, the share price of the company rose by 143% in the last year and 86% in the last six months.
On Saturday, the share price of the company closed 3.5% down at ₹132.15 per share from its previous close of ₹137.
Written by Sriram KV
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