VIJAYA BANK = Q3 FY 2011 RESULTS = QTR ENDING DECEMENT 2010 = NET PROFIT UP BY 21.86%

VIJAYA BANK

Q3 FY 2011 RESULTS

W/E DECEMBER,2010

VIJAYA BANK has declared results for q/3 dec,2010.

Interest on Advances : is Rs.1037 cr – up by 4.06% from previous qtr  ending Sept,2010 and Up by 7.26% from corresponding qtr ending Dece,2009.

Interest on Investments ; is Rs.428 cr – Up by 7.07% from previous Qtr and up by 17.73% from corresponding qtr.

Total Income is Ts.1584 cr – up by 4.17% from previous qtr and up by 9.46% from corresponding qtr.

NII (Intt earned – expended) is Rs.566 cr –  is up by 10.08% from previous qtr and up by 17.98% from corresponding qtr.

Operating Profit is Rs. 327 cr – up by 10.39% from previous qt and up by 9.27% from corresponding qtr.

Provisions       is Rs.114.80 cr – compared to Rs.101.54 cr in previous qtr and  Rs.131.31 cr in corresponding qtr.

Net Profit is Rs.152 cr – up by 5.19% from previous qtr and up by 21.86% from corresponding qtr.

Capital Adequacy Ratio is reasonably good  at 12.85.

Basic EPS is Rs.3.09 against Rs.3.33 in previous qtr and Rs.2.87 in corresponding qtr.

  % of Gross/Net NPA is 1.38 against 1.32 in previous qtr and 1.3 in corresponding qtr.

Return on Assets is reasonable at 0.86.

While the performance of Vijaya Bank is good, and the numbers are decent, having improved Net profit by 21.86%, it is seen that the moves Vijaya Bank is making are likely to result in better performance in coming quarters.

Results in Numbers :

VIJAYA BANK	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Interest on Advances	103687	99645	98165	96046	96673
DIFF %1	1037	4.06	5.63	7.96	7.26
Income on Investments	42831	40002	35659	22295	36382
DIFF %2	428	7.07	20.11	92.11	17.73
Income on Balances With RBI	54	10	1	-	-
Others	1679	667	1128	3445	1376
Interest Earned	148251	140324	134953	121786	134431
Other Income	10189	11768	17073	29381	10310
Total Income	158440	152092	152026	151167	144741
DIFF %3	1584	4.17	4.22	4.81	9.46
Interest Expended	94619	91602	90463	92886	88973
NII	53632	48722	44490	28900	45458
DIFF %5	566	10.08	20.55	85.58	17.98
Employees Cost	20820	20908	20608	16361	17392
Other Operatng Expenses	10341	9997	9529	10483	8488
Operatng Expenses	31161	30905	30137	26844	25880
Operating Profit	32660	29585	31426	31437	29888
DIFF %6	327	10.39	3.93	3.89	9.27
Provisions	11480	10154	6078	16007	13131
Net Profit	15180	14431	17348	13092	12457
DIF %7	152	5.19	-12.5	15.95	21.86
Face Value(in Rs.)	10	10	10	10	10
Paid-up Equity	43352	43352	43352	43352	43352
Dividend (%)	-	-	-	25	-
Capital Adequacy Ratio	12.85	14.27	13.85	11.79	12.01
Basic EPS	3.09	3.33	4	3.01	2.87
% of Gross/Net NPA	1.38	1.32	1.35	1.4	1.3
Return on Assets	0.86	0.81	0.96	0.73	0.77
Public holding (%)	46.13	46.13	46.13	46.13	46.13

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