Sunday, December 18, 2011
INDIAN BANK= RESULTS = 2ND QTR FY 2012 = QTR ENDING SPE,2011 = NET PROFIT UP 12.12.73% YOY
RESULTS FOR SECOND QTR
INDIAN BANK has produced GOOD RESULTS for the second quarter ending Sept, 2011.
Interest/Discount on Advances/Bills stands at Rs.2356.17 Cr – up by 9.08% from Q1 FY 12; up by 18.74% from Q4 FY 11; up by 30.69% from Q3 FY 11; up by 36.52% from Q2 FY 11.
Income on Investments has risen to Rs.675.22 Cr – up by 9.42% from Q1 FY 12; up by 11.58% from Q4 FY 11; up by 15.92% from Q3 FY 11; up by 25.31% from Q2 FY 11.
Interest Earned is Rs.3034.82 cr – up by 9.11% from Q1 FY 12; up by 16.99% from Q4 FY 11; up by 26.88% from Q3 FY 11; up by 33.36% from Q2 FY 11
Net Interest Income (Earned – Expended) is Rs.1899.45 Cr – up by 10.23% from Q1 FY 12; up by 2.19% from Q4 FY 11; up by 9.41% from Q3 FY 11; up by 15.47% from Q2 FY 11.
Other Income stands at Rs.342.32 Cr – up by 37.31% from Q1 FY 12; up by 26.03% from Q4 FY 11; up by 37.65% from Q3 FY 11; up by 20.68 % from Q2 FY 11.
Total Income stands at Rs.3377.13 Cr – up by 11.43% from Q1 FY 12; up by 17.84% from Q4 FY 11; up by 27.89% from Q3 FY 11; and up by 31.96% from Q2 FY 11.
Total Expenditure has also risen to Rs.2456.25 Cr – up by 9.19% from Q1 FY 12; up by 25.14% from Q4 FY 11; up by 34.32% from Q3 FY 11; and up by 34.93% from Q2 FY 11.
Operating Profit stands at Rs.920.88 cr – up by 17.89% from Q1 FY 12; up by 1.98% from Q4 FY 11; up by 13.42% from Q3 FY 11; and up by 24.62% from Q2 FY 11.
Provisions (Other than tax) & Contingencies stands at Rs.220.34 Cr compared to Rs.176.96 in previous qtr and Rs.132.97 Cr in corresponding Qtr.
Profit before tax is Rs.700.54 Cr – up by 15.95% from Q1 FY 12; but down by (-)9.75% from Q4 FY 11; and down by (-)7.62% from Q3 FY 11; But up by 15.61% from Q2 FY 11.
Net Profit for the Period is Rs.468.69 Cr – up by 15.18% from Q1 FY 12; up by 6.8% from Q4 FY 11; down (-)4.6% from Q3 FY 11; and Up by 12.73% from Q2 FY 11.
Capital Adequacy Ratio is adequate at 11.62, but down from 12.29 in Q1 FY 12; and 12.2 in Q2 FY 11.
Basic EPS stands at Rs.10.64 –compared to Rs. 9.2 in Q1 FY 12; Rs.9.94 in Q4 FY 11; Rs.11.16 in Q3 FY 11; Rs.9.4 in Q2 FY 11.
% of Gross/Net NPA stands at 0.69 compared to 0.51 in Q1 FY 12; and 0.73 in Q2 FY 11.
Return on Assets is reasonable at 1.42% though down slightly from 1.51% in Q2 FY 11.
Total Business crossed Rs.2,00,000 cr to Reach Rs.2,02,590 cr from Rs.1,67,980 cr up by 20.6% (Y-o-Y)
Total Deposits reached a level of Rs.1,16,218 cr from Rs.98,007 cr up by 18.6%. (Y-o-Y).
Total Credit Increased to Rs.86,372 cr from Rs.69,973 cr up by 23.4% (Y-o-Y)
CD Ratio at 74.3% as against 71.4% in the previous year.
ROE at 20.91% from 19.08%( Q1)
Cost to Income Ratio at 37.68% from 41.67% (Q1).
Book Value is Rs.204.81
Total CASA has risen from Rs.31604 Cr in Q2 FY 11 to Rs.34616 in Q2 FY 12 – up by 9.5%.
Provision Coverage Ratio is 79.35% as against the prescribed norm of 70%.
In last 6 months, Total Branches increased from 1863 to 1927.
EPS Annualised is Rs.42.54.
Current Market Price: is Rs. 182. 52 week high price was Rs.263 and 52 week low price was Rs.180.45.
Current PE Ratio works out to 4.28. Even by lower market valuations for PSBs, this is very LOW. In a Normal Market, Indian Bank must scale to much better levels.
"Best Risk Master Award“forPublic Sector Bank Category from FIBAC in the FICCI–IBA Conference on 25.08.2011
Best Bank Award among the Public Sector Banks (IIRank) by the Financial Express for 2010-11 on 17.09.2011
Dun & Bradstreet Banking Awards 2011 for Best Asset Quality on 30.08.2011
Adjudged third among the Public Sector Banks as the Best Service brand by Economic Times Brand equity.
Listed among Top 150 Banks for Best RoA as per Banker Magazine.
CNBC –TV 18 Award for the Best Public Sector Bank in mid size category for Superior Quality of Assets, Profitability, Efficiency & Productivity on 12.09.2011.
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