FEDERAL BANK = RESULTS = FOR QTR 3 FY 2011 = QTR ENDING DECEMBER 2010 = NET PROFIT UP BY 29.8%

FEDERAL BANK

Q3 FY 2011 RESULTS

Interest on Advances : is Rs.795 cr – up by 2.92% from Q2 FY11 and by 7.1% from Q3 FY 2010.

Income on Investments : is Rs.221 cr – up by 8.64% from Q2 FY11 and by 11.61% from Q3 FY 10.

Net Interest Income : is Rs.447 cr – up by 2.03% from Q2 FY11 and by 17.35% from Q3 FY 10.

Total Income : is Rs.1144 Cr – up by 1.89% from Q2 FY 11 and by 7.77% from Q3 FY 10.

Operating Profit : is Rs.357 Cr – down by 7.34% from Q2 FY11 and up by 7.59% from Q3 FY10.

Net Profit : is Rs.143 cr – up by 1.92% from Q2 FY 11 and by 29.8% from Q3FY10.

Provisions       : is Rs.142.38cr – compared to Rs.170.26cr in Q2 FY11 and Rs.105.31 cr in Q3 FY10.

Capital Adequacy Ratio is very Good at 16.13.

% of Gross/Net NPA      is 0.81 – compared to 0.68 in Q2 FY11 and 0.56 in Q3 FY10.

Return on Assets is LOW at 0.32.

Basic EPS has risen well to Rs.      8.37 compared to Rs.6.45 in Q3 FY 10.

Annual EPS can be around Rs.32.66. Current Market price is around Rs.345. The PE Ratio works out to 10.56.

RESULTS IN TABLE:

FEDERAL BANK	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Interest on Advances	79476	77223	74469	74349	74210
DIF %1	795	2.92	6.72	6.9	7.1
Income on Investments	22140	20380	20407	19469	19837
DIF %2	221	8.64	8.49	13.72	11.61
Income on Balances With RBI	438	146	211	585	381
Others	134	85	92	911	36
Interest Earned	102188	97834	95179	95314	94464
Other Income	12169	14404	10989	13059	11648
Total Income	114357	112238	106168	108373	106112
DIF %3	1144	1.89	7.71	5.52	7.77
Interest Expended	57463	53997	53847	54345	56353
NII	44725	43837	41332	40969	38111
DIF %4	447	2.03	8.21	9.17	17.35
Employees Cost	11984	12079	10475	9646	8743
Other Operatng Expenses	9239	7664	8312	9203	7862
Operatng Expenses	21223	19743	18787	18849	16605
Operating Profit	35671	38498	33534	35179	33154
DIF %5	357	-7.34	6.37	1.4	7.59
Provisions	14238	17026	13338	9790	10531
Profit before tax	21433	21472	20196	25389	22623
Tax Expense	7123	7432	7010	13704	11598
Net Profit	14310	14040	13186	11685	11025
DIF %6	143	1.92	8.52	22.46	29.8
Face Value (in Rs.)	10	10	10	10	10
Paid-up Equity	17103	17103	17103	17103	17103
Capital Adequacy Ratio	16.13	16.77	17.27	17.27	17.76
Basic EPS	8.37	8.21	7.71	6.83	6.45
Gross/Net NPA	22708	18629	20067	12879	14685
% of Gross/Net NPA	0.81	0.68	0.74	0.48	0.56
Return on Assets	0.32	0.34	0.31	0.27	0.27
Public holding (%)	98.04	0	97.93	97.82	97.14

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