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 :

FEDERAL BANK	31-Mar-11	31-Dec-10	31-Mar-10	SA FY 11	CS 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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