United Bank of India
NSE Symbol UNITEDBNK
United Bank of India has performed reasonably well in FY 11 and in Q4 of FY 11.
Interest on Advances : is Rs.1320.01 cr for Q4 FY 11.
The same is up by 9.47% from Q3 FY 11; up by 20.66% from Q2 FY 11; Up by 30.17% from Q1 FY 11; and Up by 36.7% from Q4 FY 10. The total for FY 2011 is Rs.4633.91 cr – which is up by 25.91% from FY 10.
Income on Investments : is Rs.426.07 cr in Q4 FY 11;
The same is up by 1.22% from Q3 FY 11; Up by 3.53% from Q2 FY 11; up by 2.82% from Q1 FY 11; but down by 2.01% from q4 Fy 10. The total for FY 11 is Rs.1672.94 cr – which is up by 8.23% from FY 10.
NII : is Rs.574.80 cr for Q4 FY 11;
The same is up by 2.69% from Q3 FY 11; Up by 9.23% from Q2 FY 11; Up by 13.02% from Q1 FY 11; and up by 36.25% from Q4 FY 10; The total for FY 2011 is Rs.2169.35 cr – which is up by 55.93% from FY 10.
Chairman and managing director Bhaskar Sen said net interest margin increased to 3.19 per cent in the quarter from 2.28 per cent in the same period last year.
Total Income : is Rs.1986.52 cr for Q4 FY 11;
The same is up by 11.81% from Q3 FY 11; Up by 19.85% from Q2 FY 11; up by 27.52% from Q1 FY 11; and up by 27.39% from Q4 FY 10. Thte total for FY 11 is Rs.6978.51, which is up by 20.16% from FY 10.
Total Expenditure (excl. provisions) : is Rs.1561.49 cr for Q4 FY 11;
The same is up by 12.34% from Q3 FY 11; up by 19.84% from Q2 Fy 11; Up by 28.29% from Q1 FY 11; and up by 22.74% from Q4 fy 10. The total for FY 11 is Rs.5471.52 cr – which is up by 10.94% from FY 10.
Operating Profit : is Rs.425.03 cr for Q4 FY 11;
The same is up by 9.91% from Q3 FY 11; Up by 19.88% from Q2 FY 11; up by 24.75% from Q1 FY 11; and up by a good 47.98% from Q4 FY 10. The total for FY 11 is Rs.1506.99 cr – up by 72.06% from FY 10.
The CASA ratio, stood at a good 40.80 per cent during the quarter.
But, Provisions has also gone up to Rs.283.80 cr for Q4 FY 11;
This is up by 70.38% from Q3 FY11; up by 30.3% from Q2 FY 11; up by 67.1% from Q1 FY 11; and up by just 0.7% from Q4 FY 10; The total for FY 11 is Rs.838.02 cr- which is up by 80.09% from FY 10.
Profit before tax is Rs.141.23 cr in Q4 FY 11;
The same is down by 35.85% from Q3 FY 11; UP by 3.28% from Q2 FY 11; and again down by 17.34% from Q1 FY 11; and up by a huge 2523.39% from Q4 FY 11. The total for FY 11 is Rs.668.97 cr, which is up by 62.96% from FY 10.
Due to a lower Tax expense of Rs(-)2 cr , Net Profit in Q4 FY 11 is Rs.143.23 cr – which is still down by 12.2% from Q3 FY 11; and up by 30.52% from Q2 FY 11; up by 32.79% from Q1 FY11; and up by a huge 209.89% from Q4 FY 10. The total for FY 11 is Rs.523.97 cr – up by a good 62.54% from FY 10.
Capital Adequacy Ratio is reasonable at 11.16.
Basic EPS is Rs.3.96 in Q4 FY 11; against Rs.4.62 in Q3 FY 11; Rs.3.47 in Q2 FY 11; Rs.3.41 in Q1 FY 11; and Rs.1.51 in Q4 FY 10. The total EPAS for FY 11 is Rs.14.38 – against a Paltry Rs.2.51 in FY 2010. Face value is Rs.10.
% of Gross/Net NPA is slightly down at 1.42 in Q4 FY 11 against 1.52 in FY 10.
Return on Assets is 0.66.
Total business during FY 11 is Rs 1,31,779 crore, a YoY growth of 18.8 per cent. Deposits grew 14.2 % to Rs 77,845 crore and advances were up 26.1 % to Rs 53,934 crore. The bank targets a total business of Rs 1,56,000 crore in FY 11. UBI, which had 1,597 branches as on March 31,2011 plans to add 70 more in current year.
ANNOUNCEMENTS TO NSE
22-02-2011 the Bank have considered and approved the issue and allotment of equity shares of Rs.10/- each at such price as determined in accordance with the SEBI ICDR Regulations, 2009 aggregating up to Rs.308 Crore. The Company has now informed the Exchange that in terms of Regulations 76(1) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations 2009 (SEBI ICDR Regulations) the issue price for the said Preferential Allotment works out to Rs.110.04 per share (Rupees One Hundred Ten and Paisa Four Only) including a premium of Rs 100.04 per equity share. Accordingly the Bank proposes to issue and allot up to 279,89,821 equity shares to the Government of India on Preferential Basis.
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