Andhra Bank posts standalone net loss at Rs2,535.82cr in Q4FY18 vs. net profit of Rs35.14cr yoy : Misses Estimates

The bank’s standalone NII stood at Rs1,720.50cr, up 2.1% yoy and 2.89% qoq.

May 23, 2018 03:05 IST India Infoline Research Team

Andhra Bank Q4FY18

Standalone Results Q4FY18: ( cr)

Q4FY18 YoY (%)
NII 1,720.50 2.1
NPA (%) 17.1 484
Provisions 5,429.33 317.9
Net Loss (adjusted) 2,535.82 -
***NPA change is bps


Reco. Price


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Andhra Bank's Q4FY18 revenue has declined by 6.1% yoy to Rs5,092.62cr. Its NII for the quarter came at Rs1,720.5cr as against Rs1,685.1cr, which has improved by 2.1% yoy. The bank has reported net loss of Rs2,535.8cr, against profit of Rs35.1cr reported in corresponding quarter last year. Its GNPA for Q4FY18 stood at 17.09% against 14.26% qoq, which has increased by 283 bps. NNPA for the quarter came at 8.48% against 7.72% qoq, which has increased by 76 bps. 

Technical View:

Andhra Bank ended at Rs. 34.50, down by 0.45 points or 1.29% from its previous closing of Rs. 34.95 on the BSE.
The scrip opened at Rs. 35.30 and touched a high and low of Rs. 35.30 and Rs. 33.55 respectively. A total of 61,62,714 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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