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RBL Bank Ltd share Price Today

Company details

257.40
265.00
138.85
300.70
6M Return 7.57%
1Y Return 73.53%
Mkt Cap.(Cr) 15,908.08
Volume 7,126,763
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 7,126,763

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RBL Bank announced Q3FY24 results:

Financial Highlights:

  • Operating Profit increased to Rs 765 crore, a growth of 35% YoY and 5% QoQ.
  • Net Advances escalated to Rs 79,949 crore, marking a 20% YoY and 5% QoQ upsurge.
  • Retail Advances saw a significant 33% YoY and 5% QoQ rise to Rs 46,371 crore.
  • Total Deposits grew by 13% YoY to Rs 92,746 crore with a 3% QoQ growth.
  • CASA Deposits are at Rs 31,338 crore, reflecting a 5% YoY increase.
  • CASA Ratio stands at 33.8%, a decrease from 36.6% as of December 31, 2022.
  • Net Interest Income (NII) reached Rs 1,546 crore, a 21% YoY and a 5% QoQ growth.
  • Other Income showed an increase to Rs 778 crore, 26% YoY and 10% QoQ up.
  • Net Total Income grew by 23% YoY and 7% QoQ to Rs 2,323 crore.
  • Net Profit (excluding contingent provision on AIF investments) rose to Rs 319 crore, a 53% YoY and 9% QoQ increase; Reported Net Profits were at Rs 233 crore, up by 12% YoY.
  • Net Interest Margin (NIM) was stable at 5.52%, compared to 5.27% in Q3FY23.
  • Cost to Income Ratio improved to 67.1% from 70.1% in Q3FY23.
  • ROA (excluding contingent provision) was at 1.03%, up from 0.78% in the same quarter last year; Reported ROA stood at 0.75% for Q3FY24.
  • ROE (excluding contingent provision) was at 8.89%, for the reported period.
  • Gross NPA ratio improved to 3.12%, a decrease from 3.61% as of December end of the previous year.
  • Net NPA ratio improved to 0.80%, down from 1.18% as of December end of the previous year.
  • Provision Coverage Ratio including technical write-offs improved to 89.3% from 84.7% as of December end of the previous year.
  • Capital Adequacy Ratio stood at 16.4% with a CET1 of 14.6%.

Growth and Expansion:

  • Credit Card Issuance: 5.75 lakh new credit cards were issued this quarter.
  • Customer Acquisition: 6.60 lakh new customers were added during the quarter.
  • Small Deposits (< Rs 2 crore) increased by 23% YoY to Rs 41,275 crore, contributing to 44.5% of total deposits.
  • Branch and ATM Network: The Bank operates through 538 bank branches, 1,217 business correspondent branches, and 388 ATMs across the country.

Commenting on the performance, R Subramaniakumar, MD & CEO, RBL Bank said, “We are happy to announce another quarter of strong financial performance. Our advances & deposits have experienced robust growth with a granularity of both sides of the Balance Sheet catching pace. As per our plan, the Profitability growth has outpaced the Balance Sheet growth. Notably, our execution of strategic goals, have contributed to our performance. We remain well capitalised to take advantage of growth opportunities”.

 

 

 

Result PDF

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RBL Bank Ltd shares SWOT Analysis

Strengths (3)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • Increasing Revenue every Quarter for the past 4 Quarters

Weakness (5)

  • Red Flag: High Interest Payments Compared to Earnings
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (3)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (1)

  • Increase in NPA in Recent Results

Resistance and support

R1 266.1
R2 269.4
R3 273.7
Pivot

261.77

S1 258.5
S2 254.2
S3 250.9
EMA SMA
252.0
252.9
251.9
237.9
250.6
252.2
260.8
244.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED Bulk Purchase 2024-04-08 255.4 6697000 BSE
COPTHALL MAURITIUS INVESTMENT LIMITED Bulk Sell 2024-04-08 255.4 6697000 BSE
MATHEW CYRIAC Bulk Purchase 2024-03-06 250.91 3250000 NSE
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British International Investment Plc PUBLIC 3.83%
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FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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RBL Bank Ltd Stocks COMPARISON

Financials( in Cr) RBL Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 262.90 1,507.60 1,090.25 773.00 1,813.05
% Change 1.80 -0.30 0.33 0.90 0.17
Mcap Cr 15,908.08 1,145,310.30 765,610.18 689,872.51 360,420.02
Revenue TTM Cr 9,549.56 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 919.54 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 13.32 17.87 18.04 9.99 20.67
1 Year Return 73.53 -10.70 20.50 39.38 -4.44
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 7.06 17.20 17.66 18.44 14.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 13,525.66 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84

RBL Bank Ltd Information

Stock PE (TTM)
13.32
Promoter Holding
0%
Book Value
233.5073
ROE
7.06%
Description
  • RBL Bank Ltd is in the Banking sector, having the Market Capitalization of worth Rs. 10,173.11 crores, it is incorporated in the year 1943. It has the consolidated NII of Rs. 3,893.91 crores in June 2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 540065, and also listed in the National Stock Exchange (NSE) with the code RBLBANK.

    RBL Bank, previously known as Ratnakar Bank is an Indian private sector bank founded in 1943. The headquarter of RBL Bank is situated in Mumbai. RBL Bank is spread throughout the country with the help of a network of 435 branches. RBL Bank initially, a regional bank, mainly served small and medium enterprises (SMEs) and business merchants in the Kohlapur-Sangli belt until it was categorized as a scheduled commercial bank by the Reserve Bank of India in 1959. RBL Bank was the first in the banking industry to introduce a personal credit line-based app in partnership with MoneyTap. Last year, RBL Bank raised nearly 1566 crores through preferential issues with investments from Baring Private Equity Asia, ICICI Prudential Life, CDC Group, etc. The promoters of the company do not hold any stake in the company as of now, whereas Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) own 32.21% and 23.48% of the stake, respectively, and others (such as retail investors) own the balance of 44.31%.

    In June 2021, quarterly net revenue was Rs. 2,025.83 crores, which has reduced by approximately 10.34 % from Rs. 2,259.40 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 459.40 crores, which has seen a sharp decline of nearly 425.36 % from a net profit of Rs. 141.22 crores in June 2020. In June 2021, the reported operating profit was at Rs. 2,095.31 crores, which is also decreased by 1.17% as compared to an operating profit of Rs. 2,120.20 crores for the quarter ending in June 2020. From Rs. 2.78 in June 2020, the EPS of RBL Bank has reduced and reached (Rs. 7.68) per share in June 2021. RBLBANK’s stock closed at Rs. 170 on 17th August’2021 (NSE) and has returned -34.24% in the last six months and -7.36% in the previous year.

Registered Address

1st Lane Shahupuri, , Kolhapur, Maharashtra, 416001

Tel : 91-231-2653006
Email : secretarial:rblbank.com; investorgrievances:rblban
Website : http://www.rblbank.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540065
NSE Code : RBLBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE976G01028

FAQ’s on RBL Bank Ltd Shares

You can buy RBL Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy RBL Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 23, 2024 04:02 PM the closing price of RBL Bank Ltd was ₹ 262.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 23, 2024 04:02 PM, the market cap of RBL Bank Ltd stood at ₹ 15,908.08.

The latest PE ratio of RBL Bank Ltd as of Apr 23, 2024 04:02 PM is 13.32

The latest PB ratio of RBL Bank Ltd as of Apr 23, 2024 04:02 PM is 0.89

The 52-week high of RBL Bank Ltd share price is ₹ 300.70 while the 52-week low is ₹ 138.85

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