Allahabad Bank
NSE Symbol ALBK
Allahabad Bank has declared good results for the third quarter ending Dec, 2011.
Interest on Advances in Q3 FY 12 stands at Rs.2927.05 cr – down by -1.16% from Q2 FY 12; and up by 47.53% from
Q3 FY 11
Income on Investments in
Q3 FY 12 stands at Rs.935.22 cr – up by 3.09% from Q2 FY 12; and up by 48.25% from Q3
FY 11.
Interest Earned in Q3 FY 12 stands at Rs.3911.87 Cr – up by 0.48% from Q2 FY 12; and up by 48.35% from Q3 FY 11.
Other Income in
Q3 FY 12 stands at Rs.348.41 cr – up by 12.68% from Q2 FY 12 ; and up by 1.06% from Q3 FY 11.
Total Income in
Q3 FY 12 stands at Rs.4260.28 cr – up by 1.37% from Q2 FY 12; and up by 42.88% from Q3 FY 11.
Interest Expended in
Q3 FY 12 stands at Rs.2531.37 cr – down by -1.7% from Q2 FY 12 and up by 51.79% from Q3 FY 11.
Net Interest Income in
Q3 FY 12 stands at Rs.1380.50 Cr – up by
4.72% from Q2 FY 12; and up by 42.44%
from Q3 FY 11.
Total Exp(excl.prov) in
Q3 FY 12 stands at Rs.3230.32 Cr – down by -0.7% from Q2 FY 12 and up by 46.82% from Q3
FY 11.
Operating Profit in
Q3 FY 12 stands at Rs. 1029.96 Cr – up by 8.5% from Q2 FY 12 and up by 31.79% from Q3 FY 11.
Provisions in Q3 FY 12 stands at Rs.421.24 cr – up by 2.33% from Q2
FY 12 and up by 55.19% from Q3 FY 11.
Profit before tax
in Q3 FY 12 stands at Rs.608.72 Cr – up by 13.22% from Q2 FY 12; and up by 19.34% from
Q3 FY 11.
Tax Expense in
Q3 FY 12 stands at Rs.48.29 Cr – down by -2.68% from Q2 FY 12; and down by -55.09%
from Q3 FY 11.
Net Profit in Q3 FY 12 stands at Rs.560.43 Cr – up by 14.84% from Q2 FY 12 And up by 39.21%
from Q3 FY 11.
Capital Adequacy Ratio in
Q3 FY 12 stands at 12.75%.
% of Gross/Net NPA in
Q3 FY 12 stands at 0.79 against 0.69 in Q2 FY 12; and 0.56 in Q3 FY 11.
Net NPA to Net Advances
Ratio stood at 0.79 % as at the quarter
ended December, 2011.
Net Interest Margin (NIM) increased
to 3.73 % at the end of the December, 2011 quarter as against 3.44% last year.
Return on Assets in
Q3 FY 12 stands at 1.39% against 1.24
in in Q2 FY 12; and 1.28 in Q3 FY 11.
Basic EPS stands at Rs.11.77 in Q3 FY 12; Rs.10.25
in Q2 FY 12; Rs.8.78 in Q1 FY 12.
Annual EPS may
come to Rs.42.57.
The Current Market Price is Rs.160.20 while the 52 week high price is
Rs.238.95 and the 52 week low price is Rs.113.40.
The PE Ratio
is 3.76
Highlights
of the performance
for the 9
Months ended December, 2011
- Operating Profit surged to Rs. 2868.87crore as at December,2011 as against Rs. 2274.54 crore last year showing a YOY growth of 26.13 %.
- Net Profit rose to Rs. 1466.57 crore during the Nine Months period ending 31.12.2011 as against Rs.1165.51 crore last year showing a YOY Growth of 25.83 %.
- Net Interest Margin (NIM) increased to 3.60% during the Nine Months ending December,11 as against 3.34% last year.
- Net Interest Income during the Nine Months since April, 2011 stood at Rs. 3874.28 crore as against Rs. 2871.17 crore last year recording a YOY Growth of 34.94 %.
- Non-Interest Income during the Nine Months ending December, 11 rose to Rs. 943.54 crore as against Rs. 900.94 crore previous year.
- Total Business of the Bank increased at Rs. 2,46,939 crore as on 31.12.2011 as against Rs.2,07,785 crore in previous year showing a YOY growth of 18.84%.
- Deposits of the Bank went up to Rs. 1,45,300 crore as on 31.12.2011 from Rs. 1,20,948 crore as on 31.12.2010. Year-on-Year basis, Total Deposits grew by 20.13% (Rs. 1,31,887 crore as on 31.3.2011).
- Gross Credit surged to Rs. 1,01,640 crore as on 31.12.2011 as against Rs.86,837 crore as on 31.12.2010. Year-on-Year basis, Gross Credit increased by 17.05% (Rs. 94,571 cr. as on 31.3.2011).
- Credit Deposit Ratio stood at 70.23 % as at December, 2011 end.
- Gross NPA to Gross Advances capped at 1.86% as at December-end 2011.
- Net NPA to Net Advances Ratio stood at 0.79% as at December, 2011 (0.79 % as at March 2011).
- Provision Coverage Ratio stood at 78.03 %.
- Capital Adequacy Ratio registered at 12.75 % as on 31.12.2011.
Shareholders'
Value
- Return on Assets as at the end of Nine Months in December, 11 rose to 1.26 % as against 1.24% last year.
- Earnings per Share surged to Rs.30.80 during the Nine Months ended December,11 from Rs.26.09 corresponding last year.
- Book Value per Share increased to Rs. 210.12 during the Nine Months ended Dec, 2011 from Rs. 177.16 as on 31.12.2010.
·
62 Branches have been
opened during the 9 months ending Dec, 2011taking the total number to 2477 of
which 36 Branches have been opened
during the Quarter ending Dec, 2011.
RESULTS TABLE
|
Allahabad Bank
|
31-Dec-11
|
30-Sep-11
|
%dif1
|
30-Jun-11
|
31-Dec-10
|
30-Sep-10
|
%dif2
|
|
Interest on Advances
|
292705
|
296141
|
-1.16
|
269936
|
213094
|
198404.7
|
47.53
|
|
Income on Investments
|
93522
|
90723
|
3.09
|
83420
|
71172
|
63081.95
|
48.25
|
|
Income on Balances
|
3823
|
2012
|
90.01
|
1611
|
1083
|
1429.74
|
167.39
|
|
Others
|
1137
|
458
|
148.3
|
17
|
196
|
775.75
|
46.57
|
|
Interest Earned
|
391187
|
389334
|
0.48
|
354984
|
285545
|
263692.1
|
48.35
|
|
Other Income
|
34841
|
30920
|
12.68
|
28593
|
25764
|
34474.35
|
1.06
|
|
Total Income
|
426028
|
420254
|
1.37
|
383577
|
311309
|
298166.5
|
42.88
|
|
Interest Expended
|
253137
|
257510
|
-1.7
|
237429
|
180381
|
166772.6
|
51.79
|
|
Net Intt Income
|
138050
|
131824
|
4.72
|
117555
|
105164
|
96919.58
|
42.44
|
|
Employees Cost
|
48980
|
46747
|
4.78
|
38219
|
31959
|
35034.58
|
39.8
|
|
Other Operating Expenses
|
20915
|
21067
|
-0.72
|
18967
|
20126
|
18206.22
|
14.88
|
|
Operating Expenses
|
69895
|
67814
|
3.07
|
57186
|
52085
|
53240.8
|
31.28
|
|
Total Exp(excl.prov)
|
323032
|
325324
|
-0.7
|
294615
|
232466
|
220013.4
|
46.82
|
|
Operating Profit
|
102996
|
94930
|
8.5
|
88962
|
78843
|
78153.13
|
31.79
|
|
Provisions
|
42124
|
41166
|
2.33
|
31967
|
23588
|
27144.09
|
55.19
|
|
Profit before tax
|
60872
|
53764
|
13.22
|
56995
|
55255
|
51009.04
|
19.34
|
|
Tax Expense
|
4829
|
4962
|
-2.68
|
15182
|
13675
|
10752.47
|
-55.09
|
|
Net Profit
|
56043
|
48802
|
14.84
|
41813
|
41580
|
40256.57
|
39.21
|
|
Face Value .Rs.
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid-up Equity
|
47622
|
47622
|
0
|
47622
|
44670
|
44670
|
6.61
|
|
Capital Adequacy Ratio
|
12.75
|
12.99
|
-1.85
|
12.75
|
12.78
|
13.49
|
-5.49
|
|
Basic EPS
|
11.77
|
10.25
|
14.83
|
8.78
|
9.31
|
9.01
|
30.63
|
|
Gross/Net NPA
|
79597
|
66412
|
19.85
|
58859
|
50666
|
45650.37
|
74.36
|
|
% of Gross/Net NPA
|
0.79
|
0.69
|
14.49
|
0.6
|
0.59
|
0.56
|
41.07
|
|
Return on Assets
|
1.39
|
1.24
|
12.1
|
1.12
|
1.28
|
1.28
|
8.59
|
|
Public holding (%)
|
42
|
42
|
0
|
42
|
44.77
|
44.77
|
-6.19
|
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* E N D *
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