IDBI Bank Limited
NSE Symbol IDBI
IDBI Bank has declared the results for the first quarter ending June 2011 (Q! FY 2012).
RESULTS HIGH LIGHTS
Interest/Discount on Advances/Bills is Rs.4299.90 cr – up by 15.54% from Q4 FY11; up by 36.38% fromQ1 FY 11; and up, by 25.08% from FY11total, on annualized basis (Q1 FY 12 x 4).
Income on Investments is Rs.1281.59 cr – down by 0.44% from Q4 FY 11 ; up by 12.96% from Q1 FY 11; and up by 6.22% from FY 11 on annualized basis.
Total Income is Rs.6059.83 cr – up by 6.3% from Q4FY 11; up by 27.44% from Q1 FY 11; and up by 16.32% from FY 11 on annualized basis.
Net Interest Income is Rs.1152.44 cr – up by 3.96% from Q4 FY11; Up by 35.39% fromQ1 FY 11 and up by 6.06% from FY 11 on annualized basis.
Total Expenditure (excl. provisions) is Rs.5029.03 cr – up by 10.92% from Q4 FY 11; Up by 28.16% from Q1 FY 11; and up by 20.01% from FY 11 on annualized basis.The increase in expenditure is more than proportionate to the total income.
Operating Profit is Rs.1030.80 cr – down by 11.66% from Q4 FY 11; up by 24.02% from Q1 FY 11; and up by 1.16% from FY 11 on annualized basis.
Provisions stands at Rs.425.70 cr for Q1 FY 12 – against Rs.281.90 cr in Q4 FY 11 and Rs.501.77 cr in Q1 FY11 and Rs.1877.10 cr in FY 11.
Profit before tax comes to Rs.605.10 cr –down by 31.62% from Q4 FY 11(which had lower Provisions) – but up by 83.7% from Q1 FY 11(which had higher provisions) ; and up by 10.07% from FY 11 on annualized basis.
Net Profit comes to Rs.335.10 cr – down by 35.09% from Q4 FY 11; and Up by 33.56% from Q1 FY 11; but down by 14.27% from FY 11 total on annualized basis.
Capital Adequacy Ratio stands at 13.83.
Basic EPS stands at Rs.3.4 for Q1 FY 12; Rs.5.24 for Q4 FY 11; Rs.3.46 for Q1 FY 11 and Rs.17.4 for FY 11 total.
% of Gross/Net NPA stands at 1.25 for Q1 FY 12; 1.06 for Q4 FY 11; and 1.19 for Q1 FY 11.
Return on Assets stands at 0.54 for Q1 FY 12; 0.89 for Q4 FY 11; 0.45 for Q1 FY 11.
OTHER HIGH LIGHTS
Ø NIM AT 2.07% (FROM 1.61% YoY)
Ø Business up 13% to Rs.331266 cr (from 292533 cr YoY)
Ø Deposits increased by 12% to Rs.176282 cr (from Rs.135329 cr YoY)
Ø Total assets grew by 11% to Rs.249571 cr (from Rs.224658 cr YoY)
ANNOUNCEMENTS TO NSE
30-07-2011 IDBI Bank standalone Results for the quarter ended on 30-JUN-2011 as follows: Interest earned of Rs. 562893 lacs for the quarter ending on 30-JUN-2011 against Rs. 428898 lacs for the quarter ending on 30-JUN-2010. Interest expended of Rs. 447649 lacs for the quarter ending on 30-JUN-2011 against Rs. 343780 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 33510 lacs for the quarter ending on 30-JUN-2011 against Rs. 25089 lacs for the quarter ending on 30-JUN-2010.
20-04-2011 consequent upon Govt. of India's approval dated April 08, 2011 on the amalgamation of IDBI Gilts Ltd. with IDBI Bank Ltd., Reserve Bank of India has vide their letter dated April 19, 2011 approved the transfer of Primary Dealership Business from IDBI Gilts Ltd. to IDBI Bank Ltd. Hence, IDBI Bank Ltd. has been authorised to undertake Primary Dealer business in Government securities market with effect from April 20, 2011 and, concomitantly, the authorisation given to IDBI Gilts Ltd, as Primary Dealer stands withdrawn.
19-04-2011 IDBI Bank standalone Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 1860082 lacs for the year ending on 31-MAR-2011 against Rs. 1527263 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 1427193 lacs for the year ending on 31-MAR-2011 against Rs. 1300522 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 165032 lacs for the year ending on 31-MAR-2011 against Rs. 103113 lacs for the year ending on 31-MAR-2010.
19-04-2011 IDBI Bank standalone Results for the quarter ended on 31-MAR-2011 as follows: Interest earned of Rs. 502511 lacs for the quarter ending on 31-MAR-2011. Interest expended of Rs. 391658 lacs for the quarter ending on 31-MAR-2011. Net Profit / (Loss) of Rs. 51625 lacs for the quarter ending on 31-MAR-2011.
18-04-2011 the Ministry of Corporate Affairs, Government of India, have issued the final order dated April 08, 2011 approving the scheme of amalgamation of IDBI Home Finance Limited and IDBI Gilts Limited (wholly owned subsidiaries of IDBI Bank Ltd.) with IDBI Bank Limited under Sections 391-394 of the Companies Act, 1956. As per the aforesaid final order, the said scheme of amalgamation has become effective from January 01, 2011, i.e., the Appointed Date.
RESULTS TABLE
| idbi bank | 30-Jun-11 | 31-Mar-11 | 30-Jun-10 | |
| Interest/Discount on Advances/Bills | 429990 | 372171 | 315282 | 1,375,039.00 |
| Income on Investments | 128159 | 128726 | 113455 | 482,618.00 |
| Income on Balances With RBI | 562 | 505 | 73 | 1,766.00 |
| Others | 4182 | 1109 | 88 | 2,229.00 |
| Interest Earned | 562893 | 502511 | 428898 | 1,861,652.00 |
| Other Income | 43090 | 67554 | 46618 | 222,167.00 |
| Total Income | 605983 | 570065 | 475516 | 2,083,819.00 |
| Interest Expended | 447649 | 391658 | 343780 | 1,427,023.00 |
| N I I | 115244 | 110853 | 85118 | 434629 |
| Employees Cost | 24402 | 30451 | 23357 | 110,683.00 |
| Other Operating Expenses | 30852 | 31275 | 25263 | 138,504.00 |
| Operating Expenses | 55254 | 61726 | 48620 | 249,187.00 |
| Total Expenditure excl. provisions | 502903 | 453384 | 392400 | 1,676,210.00 |
| Operating Profit | 103080 | 116681 | 83116 | 407,609.00 |
| Provisions | 42570 | 28190 | 50177 | 187,710.00 |
| Profit before tax | 60510 | 88491 | 32939 | 219,899.00 |
| Tax Expense | 27000 | 36866 | 7850 | 63,548.00 |
| Net Profit | 33510 | 51625 | 25089 | 156,351.00 |
| Face Value | 10 | 10 | 10 | 0 |
| Paid-up Equity | 98461 | 98457 | 72489 | 98,457.00 |
| Capital Adequacy Ratio | 13.83 | 13.64 | 11.86 | - |
| Basic EPS | 3.4 | 5.24 | 3.46 | 17.4 |
| Gross/Net NPA | 193280 | 167791 | 160571 | - |
| % of Gross/Net NPA | 1.25 | 1.06 | 1.19 | - |
| Return on Assets | 0.54 | 0.89 | 0.45 | - |
| Public Shareholding (%) | 34.87 | 34.87 | 47.33 |
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