LAKSHMI VILAS BANK
NSE Symbol LAKSHVILAS
RESULTS FOR THIRD QUARTER
Q/E DECEMBER 2010
LAKSHMI VILAS BANK has declared results for third quarter ending December,2010.
Interest in Advances is Rs.208 cr – up by 5.78% from Q2 FY 2011 and up by 13.19% from Q3 FY 2010.
Income on Investments – is Rs.58cr – down by 1.09% from Q2 FY 2011 and up by 12.86% from Q3 FY 2010.
Net Interest Income is Rs.91.5 cr – up by 1.89% from Q2 FY 2011 and up 41.11% from Q3 FY 2010.
Total Income is Rs.288 cr – down by 2.83% from Q2 FY 2011 and up by 10.79% from Q3 FY 2010.
Operating Profit is Rs.58.5 cr – down by 19.38% from Q2 FY 2011 and up 49.69% from Q3 FY 2010.
Provisions is Rs.32.79 Cr – compared to Rs.41.47 cr in Q2 FY 2011 and Rs.28.80 cr in Q3 FY 2010.
Net Profit is Rs.26 cr – up by 4.12% from Q2 FY 2011 and up by 279.4% from Q3 FY 2010.
Capital Adequacy Ratio is 12.28 which is reasonable, though down from 15.02 in Q3 FY 2010.
Basic EPS is Rs.2.63 in Q3 FY 2011, Rs.2.53 in Q2 FY 2011, Rs.2.4 in Q1 FY 2011 and Rs.1.26 in Q3 FY 2010.
Total annual EPS for current year could be around Rs.10.19.
The LVB is improving its performance Gradually.
RESULTS TABLE :
| LAKSHMI VILAS BK | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Interest on Advances | 20796.93 | 19660.26 | 19346.52 | 18538.56 | 18372.77 |
| Dif %1 | 208 | 5.78 | 7.5 | 12.18 | 13.19 |
| Income on Investments | 5811.1 | 5875.14 | 5280.45 | 5428.05 | 5148.79 |
| dif %2 | 58 | -1.09 | 10.05 | 7.06 | 12.86 |
| Income on Balances With RBI | 13.84 | 43.88 | 42.52 | 7.09 | 126.57 |
| Others | - | - | 137.7 | 47.82 | 12.01 |
| Interest Earned | 26621.87 | 25579.28 | 24807.19 | 24021.52 | 23660.14 |
| Other Income | 2135.76 | 4015.91 | 2691.84 | 2879.53 | 2295.95 |
| Total Income | 28757.63 | 29595.19 | 27499.03 | 26901.05 | 25956.09 |
| dif %3 | 288 | -2.83 | 4.58 | 6.9 | 10.79 |
| Interest Expended | 17474.26 | 16601.16 | 16383.13 | 16251.74 | 17177.45 |
| NII | 9147.61 | 8978.12 | 8424.06 | 7769.78 | 6482.69 |
| dif %4 | 91.5 | 1.89 | 8.59 | 17.73 | 41.11 |
| Employees Cost | 2607.52 | 2930.3 | 3406.73 | 2439.82 | 2462.44 |
| Other Oprtg Expenses | 2827.55 | 2809.15 | 2335.94 | 2735.89 | 2409.21 |
| Operatng Expenses | 5435.07 | 5739.45 | 5742.67 | 5175.71 | 4871.65 |
| Operating Profit | 5848.3 | 7254.58 | 5373.23 | 5473.6 | 3906.99 |
| dif %5 | 58.5 | -19.38 | 8.84 | 6.85 | 49.69 |
| Provisions | 3278.86 | 4146.92 | 1874.59 | 10115.39 | 2879.75 |
| Profit before tax | 2569.44 | 3107.66 | 3498.64 | -4641.79 | 1027.24 |
| Tax Expense | - | 640 | 1160 | -2565 | 350 |
| Net Profit | 2569.44 | 2467.66 | 2338.64 | -2076.79 | 677.24 |
| dif %6 | 26 | 4.12 | 9.87 | -223.72 | 279.4 |
| Face Value (in Rs.) | 10 | 10 | 10 | 10 | 10 |
| Paid-up Equity | 9752.39 | 9750.88 | 9750.88 | 9750.88 | 9750.88 |
| Capital Adequacy Ratio | 12.28 | 13.31 | 13.83 | 14.21 | 15.02 |
| Basic EPS | 2.63 | 2.53 | 2.4 | -2.13 | 1.26 |
| Diluted EPS | 2.63 | 2.53 | 2.4 | -2.13 | 1.26 |
| Gross/Net NPA | 13967.25 | 18126.55 | 21018.79 | 25778.45 | 25533.17 |
| % of Gross/Net NPA | 2.04 | 2.85 | 3.31 | 4.11 | 4.17 |
| Return on Assets | 0.92 | 0.93 | 0.9 | -0.82 | 0.26 |
| Public Holding (%) | 89.01 | 89.19 | 90.27 | 90.26 | 99.18 |
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