Saturday, May 7, 2011

FEDERAL BANK = RESULTS = FOR Q4 & FY 2011 = Q4 NET PROFIT UP BY 47% YoY.


The Federal Bank Limited

NSE Symbol     FEDERALBNK

FEDERAL BANK has declared its results for the Q4 and FY 2011.

Interest/Discount on Advances/Bills : is Rs.85712 – up by 7.85% from Q3 FY 11 (Previous Qtr); up by 15.28% from Q4 FY 10 (corresponding qtr. Q4 FY 11 is proportionately (Q4 FY 11 x 4) higher than the stand along  total of FY 2011 by 8.19%.

Income on Investments : is Rs.238.76 cr – up by 7.84% from Q3 FY 11; and up by 22.64% fromQ4 FY 10. Q4 FY 11 is proportionately higher to FY 11 total by 10.02%.

Net Interest Income (Income earned – expended) is Rs.447.64 Cr – up by 0.09% from Q3 FY 11; and up by 9.26% from Q4 FY 10; it is proportionately up by        2.52% from Total of FY 2011.

Total Income : is Rs.1241.21 cr – up by 8.54% frfom Q3 FY 11; and up by 14.53% from Q4 FY 10; it is proportionately Up from FY 2011 total by 8.67%.

Total Expenditure (excluding provisions) : is Rs.890.99 cr – up by 13.23% from Q3 FY 11; and up by 21.73% from Q4 FY 11; It is proportionately up by 13.44% from FY 2011 total.

Operating Profit : is Rs.     350.22 cr – down by 1.82% from Q3 FY 11l down by 0.45% from Q4 FY 11; and proportionately down by 1.85% from FY 2011 total (stand alone).

Provisions  : is Rs.79.42 cr – down by 44.22% from Q3 FY 11; down by 18.88% from Q4 FY 2010; It is proportionately down by 39.54% from (stand alone) total of FY 2011.

Profit before tax : is Rs.270.80 cr – up by 26.35% from Q3 FY 11; up by 6.66% from Q4 FY 10. It is also proportionately up by 20.11% from FY 2011 total (stand alone).

Net Profit : is Rs.171.72 Cr – up by      20% from Q3 FY 11; up by 46.96% from Q4 FY 2011; it is also proportionately up by 17% on stand alone basis from FY 2011 total ; and also by 23.44% from FY 2011 total on consolidated basis.

Dividend declared : :Against 50% last year; it is now 85%.

Capital Adequacy Ratio is : 15.39

Basic EPS(in Rs.)        10.04 – which is higher by 19.95% from Q3 FY 11 (Rs. 8.37); by 47% from Q4 FY 11(Rs. 6.83); and proportionately by 17.02% from stand alone EPS (Rs. 34.32) of FY 2011 and by 23.46% from consolidated EPS (Rs. 32.53) of FY 2011.

% of Gross/Net NPA is quite good at 0.6

Return on Assets is 0.37

RESULTS TABLE :

31-Mar-11
31-Dec-10
31-Mar-10
SA FY 11
Interest/Discount on Advances/Bills
85712
79476
74349
316880
316880
Income on Investments
23876
22140
19469
86803
86803
Interest Earned
110002
102188
95314
405203
405203
Other Income
14119
12169
13059
51681
51833
Total Income
124121
114357
108373
456884
457036
Interest Expended
65238
57463
54345
230545
230449
N I I
44764
44725
40969
174658
174754
Total Expenditure excl. provisions
89099
78686
73194
314159
314103
Operating Profit
35022
35671
35179
142725
142933
Provisions
7942
14238
9790
52544
55745
Profit before tax
27080
21433
25389
90181
87188
Tax Expense
9908
7123
13704
31473
31542
Net Profit
17172
14310
11685
58708
55646
Reserves
-
-
-
493198
484102
Capital Adequacy Ratio
15.39
16.13
17.27
15.39
15.27
Basic EPS(in Rs.)
10.04
8.37
6.83
34.32
32.53
Gross/Net NPA
19069
22708
12879
19069
19069
% of Gross/Net NPA
0.6
0.81
0.48
0.6
0.6
Return on Assets
0.37
0.32
0.27
1.34
1.27
Public holding (%)
98.08
98.04
97.82
98.08
98.08

ANNOUNCEMENTS  TO  NSE

06-05-2011      recommended a dividend of 85% i.e. Rs. 8.50 per share on face value of Rs. 10/- each for the year 2010-11,

06-05-2011      consolidated Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 405203 lacs for the year ending on 31-MAR-2011 against Rs. 367324 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 230449 lacs for the year ending on 31-MAR-2011 against Rs. 226177 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 55646 lacs for the year ending on 31-MAR-2011 against Rs. 43967 lacs for the year ending on 31-MAR-2010.

06-05-2011      standalone Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 405203 lacs for the year ending on 31-MAR-2011 against Rs. 367323 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 230545 lacs for the year ending on 31-MAR-2011 against Rs. 226240 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 58708 lacs for the year ending on 31-MAR-2011 against Rs. 46455 lacs for the year ending on 31-MAR-2010.


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