/ Karur Vysya Bank Ltd's Q3FY17 Standalone Net Profit Declines 24% Yoy To Rs.116 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 25 January 2017


KARUR VYSYA Bank’s NII grew 15% yoy and PAT declined 24% yoy for Q2FY17; mixed estimates. 

NII for the 3QFY17 grew ~15% yoy to Rs 495 Cr, beating estimates by 5%. Interest earned grew 4% yoy and interest expense declined 1.2% yoy.

GNPA and NPA stood at 2.66% and 1.68 expanding 75 bps and 72 bps respectively. Provisions stood at Rs 94 Cr, a 1.7% yoy decline. Capital Adequacy Ratio (CAR) was at 11.79% in 3QFY17. RoA stood at 0.74%.

PAT declined 24% yoy in 3QFY17 to Rs 116 Cr missing estimates by ~12%. Earnings were impacted by higher operating costs which grew 41% yoy to Rs 326 Cr. Karur Vysya Bank Ltd is currently trading at Rs. 85.9, up by 0.45 points or 0.53% from its previous closing of Rs. 85.45 on the BSE.

The scrip opened at Rs. 86 and has touched a high and low of Rs. 87.5 and Rs. 85.1 respectively. So far 1545333(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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