FEDERAL BANK = FIRST QUARTER (Q1 FY 2011) = RESULTS = LACK LUSTRE

FEDERAL BANK

Q1 FY 2011 RESULTS

COMPARISON

STAND ALONE FIGURES

Federal Bank has declared its results for Q1 FY 2011 which are compared with the preceding quarter (Q4 FY11), the corresponding quarter (Q1 FY10) and proportionately (Q1 FY 11 * 4)  with the preceding year FY2010.

Total Income is Rs.1061.68 cr – down by 2% from previous Qtr (Rs.1083.73Cr)  - up by 3.9% from corresponding Qtr (Rs.1021.79 Cr) – and proportionately up by 1% from FY2010( Rs.4204.14 Cr).

Operating Profit   is Rs.335.34 cr – down by 4.7% from previous qtr (Rs.351.79 Cr)  - up by 20.5% from corresponding qtr (Rs.        278.28 Cr) – and proportionately up by 6% from FY2010 (Rs.1264.85 Cr) .

Net Profit is Rs.131.86 Cr – up by 12.8% from previous qtr (Rs.116.85 cr) – but down by 3.3% from corresponding qtr (Rs.136.38 Cr) -     and UP proportionately by 13.5% from FY2010 (Rs.464.55 Cr).

Capital Adequacy Ratio      is quite healthy at 17.27.

Basic EPS is Rs.7.71 – against Rs.6.83 in previous qtr (+12.9%) – against Rs.7.97 (-3.3%) in corresponding qtr – and Rs.27.16 in FY2010 (+13.5% proportionately).

% of Gross/Net NPA   is 0.74       - up from 0.48 in previous qtr – and up from 0.29 in corresponding qtr.   

Return on Assets is 0.31 – against  0.27 in previous qtr – and against 0.35 in  corresponding qtr. It was 1.15 in FY2010.

Thus, the overall results do not bring out any progress during the quarter.

PRICE HISTORY : 52 week high price : 368;   52 week low price :213.05; FV :RS.10. LAST PRICE : Rs.346;

RESULTS IN FIGURES :

FEDERAL BANK	Jun-10	Mar-10	dif%1	Jun-09	dif%2	FY10N/C	dif%3
Interest on Advances	74469	74349	0.2	65615	13.5	284973	4.5
Income on Invest.	20407	19469	4.8	20482	-0.4	78341	4.2
Income on RBI Balan.	211	585	-63.9	1311	-83.9	2985	-71.7
Others	92	911	-89.9	30	206.7	1024	-64.1
Interest Earned	95179	95314	-0.1	87438	8.9	367323	3.6
Other Income	10989	13059	-15.9	14741	-25.5	53091	-17.2
Total Income	106168	108373	-2	102179	3.9	420414	1
Interest Expended	53847	54345	-0.9	58430	-7.8	226240	-4.8
Employees Cost	10475	9646	8.6	9241	13.4	36605	14.5
Other Otg Exp.	8312	9203	-9.7	6680	24.4	31084	7
Optg Exp.	18787	18849	-0.3	15921	18	67689	11
Operating Profit	33534	35179	-4.7	27828	20.5	126485	6
Provisions	13338	9790	36.2	5195	156.7	40530	31.6
P B T	20196	25389	-20.5	22633	-10.8	85955	-6
Tax Expense	7010	13704	-48.8	8995	-22.1	39500	-29
P A T	13186	11685	12.8	13638	-3.3	46455	13.5
Net Profit	13186	11685	12.8	13638	-3.3	46455	13.5
Face Value	10	10	0	10	0	10
Paid-up Equity	17103	17103	0	17103	0	17103
Reserves	-	-		-		451355
Dividend (%)	-	50		-		50
Capital Adeq.Ratio	17.27	17.27	0	19.94	-13.4	17.27
Basic EPS B EI	7.71	6.83	12.9	7.97	-3.3	27.16	13.5
% of Gross/Net NPA	0.74	0.48	54.2	0.29	155.2	0.48
Return on Assets	0.31	0.27	14.8	0.35	-11.4	1.15
Public holding (%)	97.93	97.82	0.1	96.99	1	97.82

ANNOUNCEMENTS

TO THE EXCHANGE

29-07-2010        The Federal Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Interest earned of Rs. 95179 lacs for the quarter ending on 30-JUN-2010 against Rs. 87438 lacs for the quarter ending on 30-JUN-2009. Interest expended of Rs. 53847 lacs for the quarter ending on 30-JUN-2010 against Rs. 58430 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 13186 lacs for the quarter ending on 30-JUN-2010 against Rs. 13638 lacs for the quarter ending on 30-JUN-2009.    -

30-06-2010        The Federal Bank Limited has informed the Exchange regarding a press release dated June 30, 2010 that "In the ALCO meeting of The Federal Bank Limited held on 30.6.2010, it was decided to fix the Base Rate of the Bank at 7.75%, with effect from 01.07.2010".       -

14-05-2010        The Federal Bank Limited has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 14, 2010 have recommended a Dividend of Rs. 5/- per equity shares (50% on Equity Shares).        -

14-05-2010        The Federal Bank Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 367324 lacs for the year ending on 31-MAR-2010 against Rs. 331538 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 226177 lacs for the year ending on 31-MAR-2010 against Rs. 199924 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 43967 lacs for the year ending on 31-MAR-2010 against Rs. 47201 lacs for the year ending on 31-MAR-2009.      -

14-05-2010        The Federal Bank Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 367323 lacs for the year ending on 31-MAR-2010 against Rs. 331538 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 226240 lacs for the year ending on 31-MAR-2010 against Rs. 199992 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 46455 lacs for the year ending on 31-MAR-2010 against Rs. 50049 lacs for the year ending on 31-MAR-2009.      -

14-05-2010        The Federal Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 95314 lacs for the quarter ending on 31-MAR-2010 against Rs. 86574 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 54345 lacs for the quarter ending on 31-MAR-2010 against Rs. 54484 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 11685 lacs for the quarter ending on 31-MAR-2010 against Rs. 11417 lacs for the quarter ending on 31-MAR-2009.

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