Tuesday, January 31, 2012

CITY UNION BANK - QTRLY RESULTS - Q3 FY 2012 - 3rd Q/E DEC,2011 - TOTAL INCOME UP 40%; NPT UP 25% YoY


City Union Bank Limited
NSE Symbol        CUB

CITY UNION BANK  has declared reasonably GOOD RESULTS  for the third quarter ended Dec, 2011.

Interest on Advances stands at Rs.360.47 Cr in Q3 FY 12  - up by  7.69% from Q2 FY 12; Up by  19.65% from q1 FY 12; and up by  45.78% from Q3 FY 11.

Income on Investments stands at Rs.76.7 Cr  in Q3 FY 12  – up by 3.35% from q2 FY 12; up by 11.17% from Q1 FY 12; and up by 20.09% from Q3 FY 11.

Interest Earned stands at Rs.438.57 Cr in Q3 FY 12 – up by  6.72% from Q2 FY 12; up by  18.17% from Q1 FY 12; and up by  40.13% from Q3 FY 11.

Other Income       stands at Rs.50.76 cr – up by  2.99% from Q2 FY 12;up by 10.62% from q1 FY 12;  and up by 39.75% in Q3 FY 11.

Total Income        stands at Rs.489.33 Cr -  up by 6.32% from Q2 FY 12; up by 17.34% from Q1 FY 12; and up by 40.09% from Q3 FY 11.

Interest Expended stands at Rs.315.74 Cr – up by 8.6% from Q2 FY 12; up by 25.75% from q1 Fy 12; and up by  51.64% from Q3 FY 11.

Net Intt Income     stands at Rs.122.83 Cr – up by  2.16% from Q2 FY 12; and up by  2.32% from Q1 FY 12; and up by  17.26% from Q3 FY 11.

Total Expdr(Excl.prov) stands at Rs.384.39 Cr – up by  7.16% from Q2 FY 12; up by  23.74% from Q1 FY 12; and up by  48.24% from Q3 FY 11.

Operating Profit stands at Rs.104.94 Cr – up by  3.36% from QW2 FY 12; down by  -1.34% from Q1 Fy 12; and up by  16.61% from Q3 FY 11.

Provisions  stands at Rs.25.65 cr – up by  193.1% from Q2 FY 12; up by  29.2% from Q1 FY 12; and up by  137.71% from Q3 FY 11.

Profit  before tax stands at Rs.79.29 Cr – down by  -14.54% from Q2 FY 12; down by  -8.35% from Q1 Fy 12; and up by  0.11% from Q3 FY11.

Tax Expense stands at Rs.7.05 Cr – down by  -53.77% from Q2 FY 12; down by  -74.8% from Q1 Fy 12; and down by  -67.21% from Q3 Fy 11.

Net Profit  stands at Rs.72.24 Cr – down by  -6.82% from Q2 FY 12;  up by 23.46% from Q1 FY 12; and up by  25.19% from Q3 FY 11.

Face Value of the share is Rs.1

Capital Adequacy Ratio      is Rs.12.35

% of Gross/Net NPA stands at  0.51% (0.42 in Q2 FY 12; 0.51 in Q1 FY 12; and  0.53 in Q3 FY 11)

Return on Assets stands at Rs.1.71 in Q3 FY 12.

Basic EPS stands at Rs.1.77 in Q3 FY 12; Rs.1.91 in Q2 FY 12; Rs.1.44 in Q1 FY 12; and 1.43 in Q3 FY 11. The annual EPS may be around Rs.6.89.

The current Market price is Rs.43.40  While the 52 week high price  is Rs.50.50 and the 52 week low price  is Rs.34.85.

The PE Ratio is 6.3.

RESULTS TABLE
city union bank
31-Dec-11
30-Sep-11
%dif1
30-Jun-11
%dif2
31-Dec-10
%dif3
Interest on Advances
36046.96
33472.7
7.69
30125.94
19.65
24726.31
45.78
Income on Investments
7669.93
7421.24
3.35
6899.26
11.17
6386.58
20.09
Income on Balances With RBI
140.28
202.25
-30.64
88.41
58.67
184.03
-23.77
Interest Earned
43857.17
41096.19
6.72
37113.61
18.17
31296.92
40.13
Other Income
5075.61
4928.1
2.99
4588.37
10.62
3631.89
39.75
Total Income
48932.78
46024.29
6.32
41701.98
17.34
34928.81
40.09
Interest Expended
31574.2
29073.29
8.6
25109.52
25.75
20822.23
51.64
Net Intt Income
12282.97
12022.9
2.16
12004.09
2.32
10474.69
17.26
Employees Cost
2835.31
2704.74
4.83
2922.23
-2.97
2459.66
15.27
Other Oprtng Expenses
4029.61
4093.95
-1.57
3033.7
32.83
2647.88
52.18
Oprtng Expenses
6864.92
6798.69
0.97
5955.93
15.26
5107.54
34.41
Total Expdr(Excl.prov)
38439.12
35871.98
7.16
31065.45
23.74
25929.77
48.24
Operating Profit
10493.66
10152.31
3.36
10636.53
-1.34
8999.04
16.61
Provisions
2565
875
193.1
1985.34
29.2
1079.04
137.71
Profit  before tax
7928.66
9277.31
-14.54
8651.19
-8.35
7920
0.11
Tax Expense
705
1525
-53.77
2800
-74.8
2150
-67.21
Net Profit
7223.66
7752.31
-6.82
5851.19
23.46
5770
25.19
Face Value(Rs.)
1
1
0
1
0
1
0
Paid-up Equity
4073.55
4067.15
0.16
4067.15
0.16
4035.83
0.93
Capital Adequacy Ratio
12.35
11.73
5.29
10.83
14.04
11.32
9.1
Basic EPS
1.77
1.91
-7.33
1.44
22.92
1.43
23.78
Diluted EPS
1.76
1.89
-6.88
1.43
23.08
1.42
23.94
Gross/Net NPA
5607.53
4370.33
28.31
4888.03
14.72
4487.58
24.96
% of Gross/Net NPA
0.51
0.42
21.43
0.51
0
0.53
-3.77
Return on Assets
1.71
1.93
-11.4
1.57
8.92
1.71
0
Public holding (%)
100
100
0
100
0
100
0

* * *  E N D  * * *

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