Karnataka Bank Ltd's Q3FY18 standalone net profit rises 27.6% yoy to Rs87.40cr; in-line with estimates

India Infoline Research Team | January 12, 2018 15:27 IST

Mangaluru based major banking institution

Karnataka Bank Ltd Q3FY18

Standalone Results Q3FY18: (Rs. in crore)

Q3FY18 YoY (%)
NII 451.60 19.9
NPA (%) 4 [33]
Provisions 196.40 95.2
Net Profit (adjusted) 87.40 27.6
***NPA change is bps
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Reco. Price

154

Last updated on

01-Jan-2018

Karnataka Bank’s NII for Q3FY18 improved by 19.9% to Rs451.6cr against Rs376.5cr yoy. The net profit was in-line with estimates, 27.6% to Rs87.4cr against Rs68.5cr yoy. GNPA for Q3FY18 stood at 3.97% against 4.13% qoq. NNPA for the quarter stood at 2.85% against 3.04% qoq. 


Technical View:

Karnataka Bank Ltd is currently trading at Rs165, up 1.41% from its previous closing of Rs162.70 on the BSE.
The scrip opened at Rs163 and has touched a high and low of Rs168.90 and Rs160.60 respectively. So far 1,68,57,815 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.


***Note: This is a NSE Chart

 

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