The Federal Bank Limited
NSE Symbol FEDERALBNK
FEDERAL BANK has performed reasonably in the first quarter ending June 2011.
Interest on Advances at Rs.977.02 cr is up by 13.99% from Q4 FY 11(Previous tr) and up by 31.2% from Q1 FY 11 (Corresponding Qtr).On annualized basis (q1 fy12 x 4), it is higher than FY 11 by 23.33%.
Total Income at Rs.1361.61 cr is higher by 9.7% from Q4 FY 11; up by 28.25% from Q1 FY11 – and up by 19.17% from FY 11 total on annualized basis.
Total Expenditure excl provisions at Rs.1007.56 cr is higher by 13.08% from Q4 FY 11; Up by 38.72% from Q1 FY 11 and up by 28.31% from FY 11 on annualized basis.
Operating Profit at Rs.354.05 cr is higher by 1.09% from Q4 FY 11; Up by 5.58% from Q1 FY 11; but lower by 0.92% from FY 11 total on annualized basis.
Profit before tax at Rs.220.03 cr is LOWER By 18.75% from Q4 FY 11; but higher by 8.95% from Q1 FY 11 and higher by just 0.95% from FY 11 on annualized basis.
Net Profit at Rs.146.16 cr – LOWER by 14.88% from Q4 FY 11; higher by 10.84% from Q1 FY 11 ; And higher by 5.06% from FY 11 on annualized basis.
Capital Adequacy Ratio is 14.54.
Basic EPS is Rs.8.54 for Q1 FY 12; Rs.10.04 for Q4 FY 11; Rs.7.71 for q1 FY 11; and Rs.32.53 for FY 11 total.
% of Gross/Net NPA is 0.74 for Q1 FY 12; 0.6 for Q4 FY 11; 0.74 fro Q1 FY 11; and 0.6 for FY 11 total.
Return on Assets is 0.29 for Q1 FY 12.
OTHER HIGH LIGHTS
At the end of June 2011, the Bank had 746 Branches and 816 ATMs spread across 25 States of the country
• The Bank proposes to cross 1000 branches this fiscal mainly focusing on Gujarat, Maharashtra, Punjab, Karnataka and Tamilnadu, in addition to Kerala.
DEPOSITS GROWTH
Ø •Deposits grew by 22.73% to reach Rs 42936 Cr
• Retail deposits grew by 20.14% to Rs 33852 Cr
• Low Cost FCAB (NRE) grew by 56% to reach Rs 1409 Cr
• NRI Deposits grew by 12.15% to reach Rs. 8,536 Cr
ADVANCES GROWTH
Ø Advances grew by 17.79% to reach Rs 31972 Cr
• Retail advances (gross) grew by 8.38% to reach Rs 9441 Cr
• SME advances (gross) grew by 16.30% to reach Rs 9586 Cr
• Corporate credit (gross) up by 26.88% to reach Rs 13990 Cr
INCOME GROWTH
Ø Interest Income grew by 30.78% Rs 1244.71 Cr
• Other Income grew by 6.38% to Rs 116.90 Cr
• Net Interest Income grew by 11.23% to Rs 459.75 Cr
• Total Income grew by 28.25% to Rs 1361.61 Cr
PROFIT GROWTH
Ø Operating Profit grew by 5.85% to Rs 354.05 Cr
• Net Profit grew by 10.85% to Rs 146.16 Cr
Ø Net Interest Margin 4.17% (Q1FY11);4.00 % (Q4FY11);3.87%(Q1 FY12)
Ø Cost to Income Ratio 35.91% (Q1FY11); 40.52% (Q4 FY 11); 38.60% (Q1 FY 12)
Ø CASA :26.6%
ANNOUNCEMENTS TO NSE
29-07-2011 The Federal Bank standalone Results for the quarter ended on 30-JUN-2011 as follows: Interest earned of Rs. 124471 lacs for the quarter ending on 30-JUN-2011 against Rs. 95179 lacs for the quarter ending on 30-JUN-2010. Interest expended of Rs. 78496 lacs for the quarter ending on 30-JUN-2011 against Rs. 53847 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 14616 lacs for the quarter ending on 30-JUN-2011 against Rs. 13186 lacs for the quarter ending on 30-JUN-2010.
06-05-2011 The Federal Bank Limited has recommended a dividend of 85% i.e. Rs. 8.50 per share on face value of Rs. 10/- each for the year 2010-11, subject to approval by Government of India as required under Section 53 read with Section 15 of the Banking Regulation Act, 1949.
06-05-2011 The Federal Bank 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 The Federal Bank Limited has informed the Exchange regarding the 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.
RESULTS TABLE
| FEDERAL BANK | Q1FY12 | Q4FY11 | Q1FY11 | |
| Interest on Advances | 97702 | 85712 | 74469 | 316,880.00 |
| Income on Investments | 25979 | 23876 | 20407 | 86,803.00 |
| Income on Balances With RBI | 617 | 265 | 211 | 1,060.00 |
| Others | 173 | 149 | 92 | 460 |
| Interest Earned | 124471 | 110002 | 95179 | 405,203.00 |
| Other Income | 11690 | 14119 | 10989 | 51,833.00 |
| Total Income | 136161 | 124121 | 106168 | 457,036.00 |
| Interest Expended | 78496 | 65238 | 53847 | 230,449.00 |
| Employees Cost | 13095 | 13503 | 10475 | 48,569.00 |
| Other Oprating Expenses | 9165 | 10358 | 8312 | 35,085.00 |
| Oprating Expenses | 22260 | 23861 | 18787 | 83,654.00 |
| Total Expenditure excl provisions | 100756 | 89099 | 72634 | 314,103.00 |
| Operating Profit | 35405 | 35022 | 33534 | 142,933.00 |
| Provisions | 13402 | 7942 | 13338 | 55,745.00 |
| Profit before tax | 22003 | 27080 | 20196 | 87,188.00 |
| Tax Expense | 7387 | 9908 | 7010 | 31,542.00 |
| Net Profit | 14616 | 17172 | 13186 | 55,646.00 |
| Face Value | 10 | 10 | 10 | 10 |
| Paid-up Equity | 17105 | 17105 | 17103 | 17,105.00 |
| Capital Adequacy Ratio | 14.54 | 15.39 | 17.27 | 15.27 |
| Basic EPS | 8.54 | 10.04 | 7.71 | 32.53 |
| Gross/Net NPA | 23577 | 190.69 | 20067 | 19,069.00 |
| % of Gross/Net NPA | 0.74 | 0.6 | 0.74 | 0.6 |
| Return on Assets | 0.29 | 0.37 | 0.31 | 1.27 |
| Public holding (%) | 98.1 | 98.08 | 97.93 | 98.08 |
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