RBL Bank Ltd's Q3FY19 standalone net profit rises 36.2% yoy to Rs225.2cr: In-line with Estimates

The bank’s standalone NII stood at Rs655.10cr, up 40.2% yoy and 10.48% qoq.

Jan 28, 2019 08:01 IST India Infoline Research Team

RBL Bank Ltd Q3FY19

Standalone Results Q3FY19: ( cr)

Q3FY19 YoY (%)
NII 655.10 40.2
GNPA (%) 1.38 2
Provisions 160.68 95.2
Net Profit (adjusted) 225.20 36.2
***GNPA change is bps on qoq basis
RBL Bank’s Q3FY19 NII has improved by 40.2% yoy to Rs655.1cr against Rs467.3cr. The bank’s net profit was in line estimates, a rise of 36.2% yoy to Rs225.2cr. Its GNPA for Q3FY19 was at 1.38% vs. 1.4% qoq. NNPA for the quarter came in at 0.72% against 0.74% qoq, a decline of 2bps.

  • Advances (Net) at Rs49,892cr and Deposits at Rs52,187cr up 35% yoy
  • Core fee income up by 50% yoy to Rs346cr
  • NIM improves to 4.12% up from 3.89% yoy in Q3FY18
  • Cost to income ratio for the quarter is at 51.6%

Technical View:

RBL Bank Ltd is currently trading at Rs. 559.05, down by 15.25 points or 2.66% from its previous closing of Rs. 574.30 on the BSE.
The scrip opened at Rs. 578.50 and has touched a high and low of Rs. 578.50 and Rs. 552.40 respectively. So far 21,67,391 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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