Monday, July 25, 2011

BANK OF INDIA = RESULTS = FOR Q1 FY 2012 (JUNE 2011) = NPT DOWN 29% YoY


Bank of India

NSE Symbol     BANKINDIA

BANK OF INDIA has declared LACK LUSTRE results for first quarter ending June 2011.

Interest on Advances has gone up to Rs.4595.91 cr – up by 6.26% from Q4 FY 11; and up by 31.62% from Q1 FY 11.

Income on Investments has gone up to Rs.1640.67 cr – up by 16.2% from Q4 FY 11;  and up by 39.32% from Q1 FY 11.

However, NII has come down to Rs.1840.96 cr – down by 20.21% from Q4 FY 11; But up by 5.77% from Q1 FY 11.

NIM (%)  comes to 2.19 in Q1 FY 12 – compared to 2.94 in Q4 FY 11 and  2.89 in Q1 FY11    

Total Income has gone up to Rs.7293.68 cr – up by 2.29% from Q4 FY 11; and up by 34.88% from Q1 FY 11.

Operating Profit stands at Rs.1395.94 cr – up by 15.82% fromQ4 Fy11; But down by 1.04% from Q1 FY 11.

Provisions  has increased to Rs.567.22 cr – compared to Rs.477.64 cr in Q4 FY 11 and Rs.385.90 cr in Q1 FY 11.

Consequently - Profit before tax         has come down to Rs.828.72 cr – up by 13.89% from Q4 FY 11; But Down by 19.12% from Q1 FY 11.

Net Profit  stands at Rs.517.53 cr – up by 4.84% from Q4 FY11; But down by  28.63% from Q1 FY 11.

Capital Adequacy Ratio stands at 11.29.

On A Face Value of Rs.10 – the Basic EPS for Q1 Fy 12 comes to Rs.9.47 – against Rs.9.37 in Q4 FY 11; and Rs.13.81 in Q1 FY 11.

% of Gross/Net NPA has risen slightly to 1.27 –higher than earlier quarters.

Return on Assets has come down compared to earlier quarters to 0.59.

OTHER HIGH LIGHTS :

Total Business Mix          has gone up from Rs.410492.7 Cr in Q1 FY 11 to Rs.515040.1 Cr in Q4 FY 11 – but has come down slightly in Q1 FY 12 to Rs.508033.9 cr.

Deposits  has gone up from Rs.233667.8 cr in Q1 FY 11 – to Rs.298885.8 cr in Q4 FY 11 – but has come down to Rs.293098.4 cr in Q1 FY 12.

Advances  has gone up from Rs.176824.9 cr in Q1 FY 11 – to Rs.216154.3 cr in Q4 FY 11 – but has slightly come down to Rs.214935.5 cr in Q1 FY 12.

Rtn. on Equity (%) has come down from 22.63 in Q1 FY11 to 13.19 in Q4 FY 11 and further to 13.13 in Q1 FY 12.

Book Value (INR) has increased from Rs.250.63 in Q1 FY 11 to Rs.283.24 in Q4 FY 11 – and further to Rs.292.90 in Q1 FY 12.

ANNOUNCEMENTS TO NSE

25-07-2011          Bank of India standalone Results for the quarter ended on 30-JUN-2011 as follows: Interest earned of Rs. 663357 lacs for the quarter ending on 30-JUN-2011 against Rs. 482172 lacs for the quarter ending on 30-JUN-2010. Interest expended of Rs. 479261 lacs for the quarter ending on 30-JUN-2011 against Rs. 308126 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 51753 lacs for the quarter ending on 30-JUN-2011 against Rs. 72513 lacs for the quarter ending on 30-JUN-2010.

25-05-2011          Bank Of India has approved the proposal to raise capital by issue Upto 18,00,00,000 fresh equity shares for of Rs. 10/- each at an appropriate premium through Right Issue / Follow on Public Issue / Qualified Institutional Placement / Depository Receipts or by any other mode as permitted and at a appropriate time, subject to obtaining all necessary approvals.           -

25-05-2011          Bank of India consolidated Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 2185843 lacs for the year ending on 31-MAR-2011 against Rs. 1799625 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 1398093 lacs for the year ending on 31-MAR-2011 against Rs. 1216327 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 254242 lacs for the year ending on 31-MAR-2011 against Rs. 178716 lacs for the year ending on 31-MAR-2010.

RESULTS TABLE

Bank Of India
30-Jun-11
31-Mar-11
30-Jun-10
Interest on Advances
459591
432515
349190
Income on Investments
164067
141195
117764
Income on Balances
22010
29518
14776
Others
17689
27465
442
Interest Earned
663357
630693
482172
Other Income
66011
82314
58590
Total Income
729368
713007
540762
Interest Expended
479261
399964
308126
NII
184096
230729
174046
Employees Cost
69995
146162
57382
Other Oprating Expenses
40518
46352
34198
Oprating Expenses
110513
192514
91580
Total Expdr excl. provision
589774
592478
399706
Operating Profit
139594
120529
141056
Provisions
56722
47764
38590
Profit before tax
82872
72765
102466
Tax Expense
31119
23401
29953
Net Profit
51753
49364
72513
Face Value
10
10
10
Paid-up Equity
54722
54722
52591
Capital Adequacy Ratio
11.29
11.42
12.59
Basic EPS
9.47
9.37
13.81
Gross/Net NPA
268971
194499
206123
 % of Gross/Net NPA
1.27
0.91
1.18
Return on Assets
0.59
0.61
1.05
Public Holding (%)
34.14
34.14
35.53

OTHER DETAILS


JUNE 10
MARCH 11
JUNE 11
Business Mix
4,104,927
5,150,401
5,080,339
Deposits
2,336,678
2,988,858
2,930,984
Advances
1,768,249
2,161,543
2,149,355
NIM (%)
2.89
2.94
2.19
Gross NPA (%)
2.71
2.23
2.69
Net NPA (%)
1.18
0.91
1.27
Return on Assets(%)
1.05
0.61
0.59
Rtn. on Equity (%)
22.63
13.19
13.13
Book Value (INR)
250.63
283.24
292.90

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