Q4 results for the financial year 2015-16 comparison with Q1 result for the financial year 2016-17.

1. Analysis of Results for Yes Bank & Maruti Suzuki
Guided By
Professor Abhay Raja
Presented By
Shikha Kothari
Prakash Chandrashekar

2. YES BANK

3. Introduction
5th largest private sector bank.
Founded by Rana Kapoor & Ashok Kapoor in 2004.
Belongs to banking and financial services.
Headquartered in Mumbai.
APQO.
Currently has 630 branches and 2000 ATM’s.
Listed in both BSE and NSE.

4. Q4 Results(FY:2015-16) Vs Q1 Results (FY:2016-
17)
1060
1039.01
336.9
702.11
748.98
284.47
16.71
1316.6
1100.14
368.34
731.8
844.56
302.39
17.39
0
200
400
600
800
1000
1200
1400
Net interest income PBT Tax Expense Net Profit Gross NPA Net NPA EPS
Q4 versus Q1
Q4:FY 2015-16(Rs. Crores) Q1: FY 2016-17(Rs. Crores)

5. Q4 Results(FY:2015-16) Vs Q1 Results (FY:2016-
17)
All figures in
percentage
Q4:FY 2015-16 Q1: FY 2016-17
%Gross NPA 0.76% 0.79%
%Net NPA 0.29% 0.29%
Return on Asset 1.80% 1.70%
Capital Adequacy Ratio 16.50% 15.50%

6. Expected Vs Actual (Q1: FY 2016-17)
1435
1316
686
732
0
200
400
600
800
1000
1200
1400
1600
Expected value Actual Value Expected Value Actual Value
Net sales (Rs Crores) Net Profit (Rs. Crores)
Q1 FY: 2016-17

7. Q4 : FY 2015-16
27.4% growth in net profit for Q4:2015-16.
551 crores (March 2014-15) to 702 crores (March
2015-16).
Net interest income rose 27% to 1241 crore.
Net interest margins rose to 3.4% from 3.2% last
year.
If Net interest margin is more than 3%, then the
bank is considered to be very strong.

8. Current Data
Parameters Values
Market Capitalization 5,0550.14 Crores
Current Price Rs. 1200.25
Book Value 345.2 per share
Stock P/E 19.91
Dividend Yield 0.83%
Face Value 10.00
Yes Bank accepts money @ 6% interest per annum on deposits in
Savings account which is one of the reason for the improvement in the
result.

9. Trending News
 During Q1, Bank allotted 562,100 shares pursuant to
exercise of stock option by certain employees.
 Recently, Yes Bank got the permission for mutual
funds from Reserve Bank of India.
 On May 16th 2016, Yes Bank and HDFC bank
announced to increase their presence of branches in
the country (450 numbers for HDFC) and (290
numbers for Yes bank).
 CASA has improved 30% of total deposits in June
2016.

10.  Rana says “bank is now sweet spot”
 NPA increased from 0.79% in June 2016 from 0.46%
last year, it is a miniscule amount of its 1.05 lakh
crore loan book.
 Yes Bank had Rs. 300 crore of bad loans during the
Q1.

11. Comparison of Yes Bank With HDFC Bank
-5
-4
-3
-2
-1
0
1
2
3
4
5
SinglePeriodReturns
Dates
Single period Returns
Single Period Return of Yes Bank Single Period Return of Nifty 50 Single Period Return of HDFC

12. Maruti Suzuki India Ltd.

13. Introduction
 Also called as “Maruti Udyog Limited” founded in 1981.
 Parent Company: Suzukhi motor corporation limited.
 Headquartered in New Delhi, Industry: Automotive.
 Listed in both BSE and NSE.
 Slogan: “Way of life”.
 Manufacturing facilities in Gurgaon and Manesar.
 1820 sales outlets across 1471 cities in India.
 Ranked 11th most trusted Brand in 2014 by Trust
Research Advisory, a Brand Analytics company.

14. Q4 Results(FY:2015-16) Vs Q1 Results(FY:2016-
17)
1690.1
556.5
1133.6
14929.5
15305.7
37.53
2042
555.8
1486.2
14,654.50
14927.3
49.2
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
PBT Tax Expense Net Profit Net sales Total income from
operations
EPS
Q4 versus Q1
Q4: FY 2015-16 (Rs. Crores) Q1: FY 2016-17 (Rs. Crores)

15. Expected Vs Actual Result
 Expected Profit according to Bloomberg was Rs.
1224 crores.
 Actual Profit for Maruti Suzuki is Rs. 1486 Crores for
Quarter 1 FY: 2016-17.
 Hence the percentage increase is 21.04%.

16. Highlights of Q1(FY:2016-17) Vs Q4 (FY:2015-16)
Particulars Amount(Q1) Growth
Sales Volume 348,443 vehicles 3.3% decrease
Net sales 146,545 millions 1.8% decrease
Operating EBITDA 22,157 millions 5% decrease
PBT 20,420 millions 2.2% decrease
PAT 14862 millions 0.6% increase

17. Highlights of Q1 (FY:2016-17) over Q1(FY:2015-
16)
Particulars Amount Growth w.r.t Q1
(2016-17)
Sales Volume 348,443 vehicles 2.1% increase
Domestic Market sales 322,340 vehicles 5.4% increase
Export Market 26,103 vehicles (26.7%) decrease
Net sales 146,545 millions 12.1% increase
Operating EBITDA 22,157 millions 2.2% increase
PBT 20,420 millions 21.3% increase
PAT 14862 millions 23% increase

18. Key financial ratios (%Net sales)
Parameter Q1 (16-17) Q4 (15-16) w.r.t Q1
Material Cost 69.1 67.4 Increased
Employee Cost 3.9 4.0 Decreased
Other Expenses 13.7 15.1 Decreased
Other Operating Income 1.9 2.1 Decreased
Operating EBITDA 15.1 15.6 Decreased
Depreciation 4.4 5.1 Decreased
Other Non Operating
Income
3.3 3.6 Decreased
PBT 13.9 14.0 Decreased
PAT 10.1 9.9 Increased

19. Trending News
 Maruti Suzuki India (MSI) aims to have 250 Nexa outlets by
March 2017 and expects the premium sales and service outlets
to contribute 15 per cent of the company's sales by 2020.
 Hit by a fire incident at one of its key vendor, Maruti Suzuki
India (MSI) reported 13.9 per cent drop in total sales in June
at 98,840 units as against 1,14,756 in June 2015.
 Carmakers such as Maruti Suzuki are expecting a spike in
sales(25%) following the implementation of the 7th Pay
Commission's recommendations.
 Maruti Suzuki’s export to Sri Lanka, its biggest foreign
destination last year, is losing speed after an increase in
import duty by the island.
 Its other income more than doubled to 483.3 crores due to
change in accounting norms that came into affect from Apr 1.

20. Comparison of Maruti Suzuki with Tata Motors
-10
-8
-6
-4
-2
0
2
4
6
8
10
SinglePeriodreturns
Dates
Single Period Returns
single period return of MARUTI single period return of nifty single period return of TATA MOTORS