DENA BANK
SECOND QUARTER RESULT
Q2 FY 2012
DENA BANK has released very good results for Q2 FY 2012 ending
Sep,2011.
Interest on Advances has gone up to Rs. 1225.87
Cr from Rs.1177.14 cr in Q1 FY 12(+4.14%) and from Rs.913.21 cr (+34.24%) in Q2
FY 11.
Income on Investments has increased to Rs.396.60 cr from Rs.34618 in Q1 FY
12(+14.56%) and from Rs.303.43 cr (+30.71%) in Q2 FY 11.
Interest Earned totally
has increased to Rs.1633.82 cr from Rs.1528.18 cr in Q1 FY 12 (+6.91%) and from
Rs.1221.47 Cr (+33.76%) in Q2 FY 11.
Total Income has increased to Rs.1747.19 cr from Rs.1652.53 cr in
Q1 FY 12 (+5.73%) and from Rs.1340.38% in Q2 FY 11 (+30.35%).
Interest Expended has gone up to Rs.1118.93 Cr from Rs.1081.63 cr (+3.45%) in Q1 FY 12; and from
Rs.756.20 cr in Q2 FY 11 (+47.97%)
Total Expenditure has gone up to Rs.1395.18 cr from Rs. 1344.79 cr in Q1 FY 12 (+3.75%) and from
Rs.1014.74 cr in Q2 FY 11(+37.49%).
Operating Profit has gone up to Rs.352.01 Cr from Rs.307.74 cr in Q1 FY
12 (+14.39%) and from Rs.325.64 cr in Q2 FY 11 (+8.1%)
Provisions has gone up to Rs.81.33 Cr from Rs.65.49 cr in Q1 FY 12
(+24.19%) and from Rs.72.85 cr in Q2 FY 11(+11.64%)
Profit before tax has gone up to Rs.270.68 cr from Rs.242.25 cr in Q1
FY12 (+11.74%) and from Rs.252.79 cr in Q2 FY 11(+7.08%)
Net Profit has gone up to Rs.193.58 Cr from Rs.168.09 cr in Q1 FY
12 (+15.16%) and from Rs.160.63 cr in Q2 FY 11 (+20.51%)
Capital Adequacy Ratio is comfortable at 12.55
% of Gross/Net NPA stands at 1.15% compared to 1.08% in Q1 FY 12 and 1.49%
in Q2 FY 11.
Return on Assets is good at 1.11 compared to 0.97 in Q1 FY 12 and 1.09
in Q2 FY 11.
Basic EPS has gone up to Rs.5.81 in Q2 FY 12 from Rs.5.04 in Q1
FY 12 and from Rs.5.6 in Q2 FY 11.
The
Annualised
EPS can be around Rs.23.
The current Market price is Rs.55.75
(52
week high price : 122.40 and 52 week low
price : Rs.55.35).
The current PE Ratio works out to 2.42 – which is
very Low for Dena Bank. In a Normal market, Dena Bank must command a much
higher price than its 52 week High also.
FINANCIAL PERFORMANCE
|
DENA
BANK
|
30-Sep-11
|
30-Jun-11
|
%
INCREASE
|
30-Sep-10
|
% INCREASE
|
|
Interest on Advances
|
122587
|
117714
|
4.14
|
91321
|
34.24
|
|
Income on Investments
|
39660
|
34618
|
14.56
|
30343
|
30.71
|
|
Income on Balances With
RBI
|
1134
|
486
|
133.33
|
482
|
135.27
|
|
Others
|
1
|
-
|
1
|
0
|
|
|
Interest Earned
|
163382
|
152818
|
6.91
|
122147
|
33.76
|
|
Other Income
|
11337
|
12435
|
-8.83
|
11891
|
-4.66
|
|
Total Income
|
174719
|
165253
|
5.73
|
134038
|
30.35
|
|
Interest Expended
|
111893
|
108163
|
3.45
|
75620
|
47.97
|
|
Employees Cost
|
16263
|
16811
|
-3.26
|
16251
|
0.07
|
|
Other Oprting Expenses
|
11362
|
9505
|
19.54
|
9603
|
18.32
|
|
Operating Expenses
|
27625
|
26316
|
4.97
|
25854
|
6.85
|
|
Total Expenditure
|
139518
|
134479
|
3.75
|
101474
|
37.49
|
|
Operating Profit
|
35201
|
30774
|
14.39
|
32564
|
8.1
|
|
Provisions
|
8133
|
6549
|
24.19
|
7285
|
11.64
|
|
Profit before tax
|
27068
|
24225
|
11.74
|
25279
|
7.08
|
|
Tax Expense
|
7710
|
7416
|
3.96
|
9216
|
-16.34
|
|
Net Profit
|
19358
|
16809
|
15.16
|
16063
|
20.51
|
|
Face Value(Rs.)
|
10
|
10
|
0
|
10
|
0
|
|
Capital Adequacy Ratio
|
12.55
|
13.14
|
-4.49
|
10.31
|
21.73
|
|
Basic EPS
|
5.81
|
5.04
|
15.28
|
5.6
|
3.75
|
|
Diluted EPS
|
5.81
|
5.04
|
15.28
|
5.6
|
3.75
|
|
Gross/Net NPA
|
49101
|
45824
|
7.15
|
53779
|
-8.7
|
|
% of Gross/Net NPA
|
1.15
|
1.08
|
6.48
|
1.49
|
-22.82
|
|
Return on Assets
|
1.11
|
0.97
|
14.43
|
1.09
|
1.83
|
* * *E N D
* * *
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