Allahabad Bank
NSE Symbol ALBK
ALLAHABAD BANK has declared good results for first quarter ending June 2011.
Interest on Advances at Rs.2699.36 cr – is up by 26.67% from Q4 FY 11 (preceding Qtr) and up by 49.08% from Q1 FY 11 (corresponding Qtr).
Income on Investments at Rs.834.20 cr – is up by 17.21% from Q4 FY 11 and up by 43.43% from Q1 FY 11.
Total Income is Rs.3835.77 cr – up by 23.21% from Q4 FY 11; and up by 41.98% from Q1 FY 11.
Net Interest Income : is Rs.1175.55 cr – up by 11.78% from Q4 FY 11 and up by 38.24% from Q1 FY 11.
Net interest margin for the first quarter increased by 30 basis points to 3.40% on an YoY basis.
Total Expenditure excluding provisions : is Rs.2946.15 cr – up by 26.73% from Q4 FY 11 and up by 47.52% from Q1 FY 11.
Operating Profit at Rs.889.62 cr – is up by 12.83% from Q4 FY 11 and up by 26.26% from Q1 FY 11.
Provisions at Rs.319.67 cr – is also up by 35.52% from Q4 FY 11 and up by 111.63% from Q1 FY 11.
Profit before tax at Rs.569.95 cr – is up by 3.15% from Q4 FY 11 and up by 2.97% from Q1 FY 11.
Net Profit is Rs.418.13 cr – up by 0.56% from Q4 FY 11 and up by 20.45% from Q1 FY 11.
Capital Adequacy Ratio is comfortable at 12.75.
Basic EPS for Q1 FY 12 is Rs.8.78 on a face value of rs.10 – against Rs.9.31 for Q4 FY 11 and Rs.7.77 for Q1 FY 11.
% of Gross/Net NPA is quite reasonable at 0.6.
Return on Assets is good at 1.12.
The Bank is projecting a25% Growth Rate for current Year and is confident of achieving the same. It is aiming at achieving a business of R2,80,000 crore during the financial year.
ANNOUNCEMENTS TO NSE
22-07-2011 Allahabad Bank a press release dated July 22, 2011, titled "Consistent Growth All The Way".
22-07-2011 Allahabad Bank standalone Results for the quarter ended on 30-JUN-2011 as follows: Interest earned of Rs. 354984 lacs for the quarter ending on 30-JUN-2011 against Rs. 240312.17 lacs for the quarter ending on 30-JUN-2010. Interest expended of Rs. 237429 lacs for the quarter ending on 30-JUN-2011 against Rs. 155278.13 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 41813 lacs for the quarter ending on 30-JUN-2011 against Rs. 34714.23 lacs for the quarter ending on 30-JUN-2010.
13-07-2011 Allahabad Bank has decided to raise its Base Rate from existing 10.00% to 10.25% and Benchmark Prime Lending Rate (BPLR) from existing 14.25% to 14.50% effective from July 15, 2011.
06-06-2011 Allahabad Bank has decided to revise the interest rate ranging from 0.25% to 2.25% p.a. on various domestic term deposits schemes of below Rs. 5.00 crore with effect from June 09, 2011.
05-05-2011 Allahabad Bank has decided to raise its BASE RATE from existing 9.50% to 10.00% and Benchmark Prime Lending Rate (BPLR) from existing 13.75% to 14.25% effective from May 06, 2011.
03-05-2011 Allahabad Bank has informed the Exchange that the Board of Directors of the bank at its meeting held on May 2, 2011 has, interalia approved as under : (1) Annual General Meeting of the shareholders of the bank will be held on June 10, 2011. (2) The Register of Members and Share Transfer Books of the Bank will remain closed from May 16, 2011 to June 10, 2011 (both days inclusive) for the purpose of Annual General Meeting and Dividend.
02-05-2011 Allahabad Bank press release dated May 02, 2011, titled "Consistent Growth All The Way".
02-05-2011 Allahabad Bank standalone Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 1101469 lacs for the year ending on 31-MAR-2011 against Rs. 836920.01 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 699222 lacs for the year ending on 31-MAR-2011 against Rs. 571872.09 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 142311 lacs for the year ending on 31-MAR-2011 against Rs. 120632.71 lacs for the year ending on 31-MAR-2010.
02-05-2011 Allahabad Bank consolidated Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 1108253 lacs for the year ending on 31-MAR-2011 against Rs. 837195 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 699160 lacs for the year ending on 31-MAR-2011 against Rs. 571816 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 143953 lacs for the year ending on 31-MAR-2011 against Rs. 122846 lacs for the year ending on 31-MAR-2010.
RESULTS TABLE
| ALLAH BANK | 30-Jun-11 | 31-Dec-10 | 30-Jun-10 |
| Interest on Advances | 269936 | 213094 | 181065.9 |
| Income on Investments | 83420 | 71172 | 58162.22 |
| Income on Balances With RBI | 1611 | 1083 | 795.13 |
| Others | 17 | 196 | 288.92 |
| Interest Earned | 354984 | 285545 | 240312.17 |
| Other Income | 28593 | 25764 | 29855.97 |
| Total Income | 383577 | 311309 | 270168.14 |
| Interest Expended | 237429 | 180381 | 155278.13 |
| N I I | 117555 | 105164 | 85034.04 |
| Employees Cost | 38219 | 31959 | 28528.02 |
| Other Operatng Expenses | 18967 | 20126 | 15904 |
| Operatng Expenses | 57186 | 52085 | 44432.02 |
| Total Exp excl. provisions | 294615 | 232466 | 199710.15 |
| Operating Profit | 88962 | 78843 | 70457.99 |
| Provisions | 31967 | 23588 | 15105.05 |
| Profit before tax | 56995 | 55255 | 55352.94 |
| Tax Expense | 15182 | 13675 | 20638.71 |
| Net Profit | 41813 | 41580 | 34714.23 |
| Face Value (in Rs.) | 10 | 10 | 10 |
| Paid-up Equity | 47622 | 44670 | 44670 |
| Capital Adequacy Ratio | 12.75 | 12.78 | 13.55 |
| Basic EPS | 8.78 | 9.31 | 7.77 |
| Gross/Net NPA | 58859 | 50666 | 30842.49 |
| % of Gross/Net NPA | 0.6 | 0.59 | 0.41 |
| Return on Assets | 1.12 | 1.28 | 1.16 |
| Public holding (%) | 42 | 44.77 | 44.77 |
* * * E N D * * *
No comments:
Post a Comment