Sunday, December 18, 2011
INDUSIND BANK = RESULTS FOR = SECOND QUARTER ENDING SEPT,2011 = Q2 FY 2012 = NPT UP BY 45% YOY = IMPRESSIVE & CONSISTENT GROWTH
Q2 ending Sept, 2011
INDUSIND BANK has maintained consistent progress in the second quarter ending Sep,2011.
Interest on Advances has gone up to Rs.1037.10 cr – up by 15.15% from Q1 FY 12; up by 25% from Q4 Fy 11; up by 43.43% from Q3 FY 11; Up by 53.18% from the corresponding Qtr of Q2 FY 11.
Income on Investments is Rs.267.22 cr – up by 8.02 from Q1 FY 12; up by 29.57% from Q4 FY 11; up by 42.57% from Q3 FY 11; and up by 52.53% from Q2 FY 11.
Interest Earned has increased to Rs.1323.86 cr – up by 13.68% from Q1 FY 12; up by 26.22% from Q4 FY 11; up by 44.7% from Q3 FY 11; and up by 55% from Q2 FY 11.
Other Income has increased to Rs.239.21 cr – up by 11.05% from Q1 FY 12; Up by 31.7% from Q4 FY 11; Up by 22.08% from Q3 FY 11; and up by 36.6% from Q2 FY 11.
Total Income has increased to Rs.1563.07 cr – up by 13.27% from Q1 FY 12; up by 27.03% from Q4 FY 11; up by 40.71% from Q3 FY 11; and up by 51.87% from Q2 FY 11.
Net Interest Income has increased to Rs.419.19 cr – up by 7.48% from Q2 Fy 12; up by 8.02% from Q4 FY 11; up by 15.48% from Q3 FY 11; and up by 27.13% from Q2 FY 11.
Total Expenditure has increased to Rs.1230.09 cr – up by 15.15% from Q1 FY 12; up by 31.92% from Q4 FY 11; up by 50.07% from Q3 FY 11; and up by 60.3% from Q2 FY 11.
Operating Profit has increased to Rs.332.98 cr – up by 6.82% from Q1 FY 12; up by 11.73 from Q4 Fy 11; up by 14.36% from Q3 FY 11; and up by 27.16% from Q2 FY 11.
Provisions has come down to Rs.46.97 cr from Rs.56.71 cr in Q2 FY 11.
Profit before tax has increased to Rs.286.01 cr – up by 7.07% from Q1 FY 12; up by 10.95% from Q4 FY 11; up by 21.71% from Q3 FY 11; and up by 39.42% from Q2 FY 11.
Net Profit has gone up to Rs.193.09 Cr – up by 7.17% from Q1 FY 12; up by 12.42% from Q4 FY 11; up by 25.5% from Q3 FY 11; and up by 45.02% from Q2 FY 11.
This Jump in Net Profit is quite impressive for the Bank and the bank has been consistently improving its profitability.
Capital Adequacy Ratio is comfortable at Rs.14.32 in Q2 FY 12 though down from 16.22 in Q2 FY 11
Basic EPS is Rs.4.14 in Q2 FY 12; Rs.3.87 in Q1 FY 12; Rs.3.69 in Q4 FY 11; Rs.3.32 on Q3 FY 11; and Rs.3.21 in Q2 FY 11.
% of Gross/Net NPA is quite Low at 0.31.(0.36 in Q2 FY 11)
Return on Assets is quite good at 1.55 – up from 1.38 in Q2 FY 11.
Loan Book has grown in Q2 by 28%.
CASA is at 28% and is set to grow well with growth in business and Branches. Currently, CASA stands at Rs.10,626 Cr – with a YOY Growth of 34% and a QOQ Growth of 7%.
Fee Growth is 30%.
Net Interest Margin is excellent at 3.35%.
ROE is 18.81%.
Cost to Income Ratio is 43.43%
Advances stands at Rs.30,135 Cr – with a YOY growth of 28% and QoQ
Growth of 6%.
Deposits stand at Rs.38,367 Cr – with a YOY growth of 23% and QOQ growth of 9%.
Current Book Value stands at Rs.90.12 – against Rs.77.65 in Q2 FY 11.
Annaulized EPS is Rs.16.56.
PE RATIO : 52 week high price is Rs.292 and 52 week low price is Rs.200. Current Market price is Rs.250. Hence, current PE ratio is 15.1.In a Normal Market, the share can scale much higher prices.
Currently, IndusInd Bank is attracting excellent reviews in all award winning contests in 2011, in its category.
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