Vijaya Bank's Q4FY18 standalone net profit rises 1.62% yoy to Rs207.30cr : In-line with Estimates

India Infoline Research Team | May 10, 2018 13:07 IST

The bank’s standalone NII stood at Rs1,196.50cr, up 20.92% yoy and 3.67% qoq.

Vijaya Bank Q4FY18

Standalone Results Q4FY18: ( cr)

Q4FY18 YoY (%)
NII 1,196.50 20.9
NPA (%) 6.3 [25]
Provisions 553 28.0
Net Profit (adjusted) 207.30 1.6
***NPA change is bps
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Reco. Price

58

Last updated on

25-Apr-2018

Vijaya Bank's NII for Q4FY18 has improved by 20.9% yoy to Rs1,196.5cr as against Rs989.5cr yoy. The bank has reported Q4FY18 net profit of Rs207.3cr, against profit of Rs204cr reported in corresponding quarter last year. Its GNPA for Q4FY18 stood at 6.34% against 6.17% qoq, which has increased by 17bps. NNPA for the quarter came at 4.32% against 3.99% qoq, which has increased by 33bps. The provision for the quarter came at Rs553cr as against Rs334.6cr yoy. 

  • Gross Advances of the bank for FY18 were up by 22.57% yoy at Rs.1.19 lakh Cr.
  • Total Deposits for FY18 were up by 18.25% yoy at Rs.1.57 lakh Cr.
  • Its NIMs for FY18 has increased from 2.77% to 3.10% yoy
  • For FY18 its Retail Credit was up by 24.98% yoy and Housing loans portfolio was up by 30.50% yoy.
  • For FY13 Provision Coverage Ratio stood at 59.39% and CRAR (Basel III) at 13.90%
  • In terms of RBI’s circular on Resolution of Stressed Assets - Revised Framework, dated 12th Feb 2018, the SDR, S4A and 5/25 cases where the resolution plan has not been implemented, bank has marked the same as NPA and has made appropriate provisions with 11 accounts amounts to Rs.1656.19Cr.
  • The bank has classified two diamond group accounts with total NPA balance of Rs.273.83Cr and provided adequately.
  • The bank has not availed some special dispensations which were offered by RBI. If the bank would have availed these dispensations its profits would have been higher by Rs.402Cr for Q4 March 2018.


Technical View:

Vijaya Bank is currently trading at Rs. 61.40, up by 1.55 points or 2.59% from its previous closing of Rs. 59.85 on the BSE.
The scrip opened at Rs. 61.50 and has touched a high and low of Rs. 63.20 and Rs. 60.35 respectively. So far 60,20,514 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 58.30 0.50 (0.87%)
NSE 58.15 0.05 (0.09%)

***Note: This is a NSE Chart

 

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