Looking at the financial statement of BANK OF INDIA. Revenue fluctuated over these years, starting at Rs. 41,005 crores in March 2019 and reaching a peak of Rs. 47,932 crores in March 2023. However, the bank experienced a decrease in interest income, declining from Rs. 27,207 crores in March 2019 to Rs. 24,083 crores in March 2022, before slightly recovering to Rs. 27,441 crores in March 2023.

The bank also witnessed a decrease in expenses from Rs. 26,874 crores in March 2019 to Rs. 16,263 crores in March 2022, followed by a slight increase to Rs. 21,177 crores in March 2023. The financing profit, representing the bank’s overall profitability, showed a negative trend, with losses decreasing over the years, from Rs. 13,076 crores in March 2019 to Rs. 686 crores in March 2023. The other income, comprising non-interest revenue, showed some fluctuations but remained relatively stable.

The bank’s profit before tax experienced a significant turnaround, moving from a loss of Rs. 8,587 crores in March 2019 to a profit of Rs. 6,056 crores in March 2023. The net profit also witnessed a positive shift, changing from a loss of Rs. 5,426 crores in March 2019 to a profit of Rs. 3,839 crores in March 2023.

Overall, the financials of Bank of India indicate a recovery and improvement in profitability over the analyzed period.

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FAQ’s

What is the net profit margin of BANK OF INDIA?

The net profit margin of BANK OF INDIA in FY 2023 is 8.01%.

What is the basic EPS of BANK OF INDIA?

The basic EPS (Earnings Per Share) of Bank of India in FY 2023 was Rs. 9.35.

How much was the total income of BANK OF INDIA in FY 2023?

The total income of Bank of India in FY 2023 (March 2022 to March 2023) was Rs. 47,932 crores.

What was the PAT growth percentage of BANK OF INDIA in FY 2023?

The PAT growth percentage of BANK OF INDIA in FY 2023 was 10.10%%, which has significantly increased from the previous year.

Has the revenue growth of BANK OF INDIA been consistent over the past five years?

Revenue figures for each year from FY 2019 to FY 2023:

• Mar 2019: Rs. 41,005 crores
• Mar 2020: Rs. 42,591 crores
• Mar 2021: Rs. 40,854 crores
• Mar 2022: Rs. 38,281 crores
• Mar 2023: Rs. 47,932 crores

By analyzing the revenue figures, it appears that the revenue growth of Bank of India has not been consistent over the past five years. There have been fluctuations in revenue from year to year, indicating varying levels of growth.

In FY 2020, there was a modest increase in revenue compared to the previous year. However, in FY 2021, the revenue declined, followed by a further decrease in FY 2022.

However, there was a notable recovery and significant growth in FY 2023, where the revenue increased substantially compared to the previous year.

What was Bank of India’s share price target for 2025?

Bank of India’s minimum and maximum share price target for 2025 is Rs.126.53 and Rs. 218.04 respectively.

What was Bank of India’s share price target for 2030?

Bank of India’s minimum and maximum share price target for 2030 is Rs. 373.95 and Rs. 534.21 respectively.

CONCLUSION

Bank of India has shown signs of improving profitability, as evidenced by the positive net profit figures in recent years. The bank managed to turn losses into profits, with notable growth in net profit from FY 2021 to FY 2023.

Although the specific net profit margins for the earlier years are not provided, the available data suggests a net profit margin of approximately 8.01% in FY 2023. This figure indicates the bank’s ability to generate profit relative to its revenue.

Bank of India has demonstrated some control over expenses, as seen by the decrease in expenses from FY 2019 to FY 2022. However, expenses increased slightly in FY 2023, which could be an area to monitor for the bank.

Bank of India’s results for FY 2022 and FY 2023 showed some progress, with a 4.26% drop in total income and a 54.91% increase in profit after taxes. Despite this encouraging development, the business continues to struggle with provisions and contingencies that have significantly decreased over the last five years.

Before choosing to purchase shares in BANK in INDIA, investors should assess the risks and potential in light of these aspects. It is advisable to do a comprehensive review of the business’ financial data as well as market trends, rivalry, and macroeconomic issues.

Disclaimer: I hold Bank of India shares. However, this post is no way influenced based on my current holding.