The Federal Bank Limited
NSE Symbol FEDERALBNK
THE FEDERAL BANK LTD -
has performed well in Q3 FY 2012 ending Dec, 2011
Interest on Advances stands at Rs.1084.23
cr in Q3 FY 12 – up by 3.26% from Q2 FY
12; and up by 36.42% from Q3 FY 11.
Income on Investments stands at Rs.367.44
cr – up by 18.44% from Q2 FY 12 – and up
by 65.96% from Q3 FY 11.
Interest Earned stands at Rs.1466.83
cr – up by 7.24% from Q2 FY 12 and up by
43.54% from Q3 FY 11.
Other Income stands at Rs.137.93
Cr – up by 17.93% from Q2 FY 12 and Up by 13.35% from Q3 FY 11.
Total Income stands at Rs.1604.76
cr – up by 8.08% from Q2 FY 12; and up by 40.33% from Q3 FY 11.
Interest Expended stands at Rs.938.80
cr – up by 5.08% from Q2 FY 12; and up by 63.37% from Q3 FY 11.
Net Intt Income (earned – expended) stands at Rs.528.03
cr – up by 11.3% from Q2 FY 12 and up by 18.06% from Q3 FY 11.
Operating Profit stands at Rs.418.72
cr – up by 15.9% from Q2 FY 12 and up
by 17.38% from Q3 FY 11.
Provisions stand at Rs.115.25 cr – up by 59.65% from Q2 FY 12 but
down by -19.05% from Q3 FY 11.
Profit before tax stands at Rs.303.47
cr – up by 4.98% from Q2 FY 12; and up by 41.59% from Q3 FY 11.
Tax Expense stands at Rs.101.60
cr – up by 3.76% from Q2 FY 12; and up by 42.64% from Q3 FY 11.
Net Profit stands at Rs.201.87 cr in Q3 FY 12 – compared to Rs.191.16 cr in Q2
FY 12 (Up by 5.6%) and Rs.143.10 Cr in Q3 FY 11 (Up by 41.07%). The YOY
achievement is excellent at NPT level.
Capital Adequacy Ratio stands comfortably
at 13.71.
% of Gross/Net NPA has come down to 0.74
from 0.81 in Q3 FY 11.
Return on Assets is 0.35 – with 0.36
in Q2 FY 12 and 0.32 in Q3 FY 11.
Basic EPS, on a FV of Rs.10 stands at Rs.11.8 in Q3 FY 12; Rs.11.18
in Q2 FY 12; Rs.8.54 in Q1 FY 12 and Rs.8.37 in Q3 FY 11.
The Annual
EPS for FY12 will be around Rs.43.32
The current Market price
is Rs.384 and the 52 week high price is Rs.476.40; while the 52 week low price
is Rs.322.25.
The PE
Ratio stands at : 8.86.
OTHER DETAILS
Performance for the quarter ended
31.12.2011
Vs
quarter ended 31.12.2010
· Net
Interest Margin (NIM) at 3.94 %
· Total
Deposits increased by 26.63 % from Rs.36913.53
Cr to Rs.46742.46
Cr
· Advances
increased by 17.59% from Rs. 28240.02Cr to Rs. 33206.07 Cr
· Investments
increased by 41.82 % from Rs.13146.84
Cr to Rs. 18644.60 Cr
· Net NPA
is Rs. 243.64 Cr.
· Return on
Average Assets improved from 1.30 to 1.41 %
· Earnings
Per Share (annualized) improved from Rs.33.47 to Rs.47.21
· Book
Value per share increased to Rs.`
330.19
· Capital
Adequacy Ratio at 15.91 %
· Return on
Equity improved from 11.37 % to 14.56 %
· Cost to
Income ratio at 37.13 %
GROWTH IN
BUSINESS
Total business of the Bank reached Rs.79,948.53 Crore, showing an increase of
22.71 % on a yoy basis.
Total deposits increased by 26.63 % from Rs.36,913.53 Crore as on
31.12.2010 to Rs.46,742.46 Crore
as on 31.12.2011.
NRI deposits clocked an increase of 35.41 % from December 2010, to reach
Rs.10546.26Cr.
Retail
deposits grew by 27.25% to touch Rs.38678.16 Cr.
CASA
deposits grew by 21.97% to reach Rs.13186.04 Cr.
Net Advances went up by 17.59 % to Rs.33206.07
Crore as on 31st December 2011 from Rs.28,240.02 Crore as on 31st December
2010. This growth was contributed by SME, corporate advances and retail
segments.
The retail advances of the Bank forms 28.77 % of
the gross advances while SME contributes 28.75 %. The advance to priority
sector was at Rs.12,229.58 Cr as on 31st December 2011. Lending to Agriculture
sector was at Rs.4,172.76 Crore as on 31.12.2011, growing at 16.17%.
NET
WORTH & CAPITAL ADEQUACY
The Net Worth of the Bank increased to ` 5,647.86 Cr as on
31.12.2011. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per
Basel II guidelines, stands at a very comfortable level of 15.91% as on
31.12.2011. The Tier-1 (core CRAR) capital is at 14.97%
ASSET
QUALITY
The
Bank’s Gross NPA and Net NPA stand at 3.97 % and 0.74 % respectively as against
3.95 %
and 0.81 % as at the end of December 2010. The total provisions held against
nonperforming advances,
expressed as a percentage of gross NPAs amounted to 80.54 % at the end
of the third quarter of FY 2011-12.
SB & Demand Deposits STAND AT Rs.13396 cr
in Dec,2011 against Rs.10939 cr in Dec,2010 – a growth of 22.46%
Term Deposits stand at Rs.33346
Cr in Dec,2011 against Rs.25975 cr – representing a growth of 28.38 %
CUSTOMER
TOUCHPOINTS
As on 31/12/2011, the Bank
had 835 branches and 891 ATMs.
RESULTS TABLE
|
FEDERAL
BANK
|
31-Dec-11
|
30-Sep-11
|
%DIF1
|
30-Jun-11
|
31-Dec-10
|
%DIF2
|
|
Interest on Advances
|
108423
|
105005
|
3.26
|
97702
|
79476
|
36.42
|
|
Income on Investments
|
36744
|
31024
|
18.44
|
25979
|
22140
|
65.96
|
|
Income on Balances With RBI
|
1018
|
569
|
78.91
|
617
|
438
|
132.42
|
|
Others
|
498
|
185
|
169.2
|
173
|
134
|
271.64
|
|
Interest Earned
|
146683
|
136783
|
7.24
|
124471
|
102188
|
43.54
|
|
Other Income
|
13793
|
11696
|
17.93
|
11690
|
12169
|
13.35
|
|
Total Income
|
160476
|
148479
|
8.08
|
136161
|
114357
|
40.33
|
|
Interest Expended
|
93880
|
89342
|
5.08
|
78496
|
57463
|
63.37
|
|
Employees Cost
|
13845
|
12825
|
7.95
|
13095
|
11984
|
15.53
|
|
Other Oprtng Expenses
|
10879
|
10185
|
6.81
|
9165
|
9239
|
17.75
|
|
Oprtng Expenses
|
24724
|
23010
|
7.45
|
22260
|
21223
|
16.5
|
|
Total Exp excl. provisions
|
118604
|
112352
|
5.56
|
100756
|
78686
|
50.73
|
|
Operating Profit
|
41872
|
36127
|
15.9
|
35405
|
35671
|
17.38
|
|
Provisions
|
11525
|
7219
|
59.65
|
13402
|
14238
|
-19.05
|
|
Profit before tax
|
30347
|
28908
|
4.98
|
22003
|
21433
|
41.59
|
|
Tax Expense
|
10160
|
9792
|
3.76
|
7387
|
7123
|
42.64
|
|
Net Profit
|
20187
|
19116
|
5.6
|
14616
|
14310
|
41.07
|
|
Face Value (in Rs.)
|
10
|
10
|
0
|
10
|
10
|
0
|
|
Paid-up Equity
|
17105
|
17105
|
0
|
17105
|
17103
|
0.01
|
|
Capital Adequacy Ratio
|
13.71
|
13.48
|
1.71
|
14.54
|
16.13
|
-15
|
|
Basic EPS
|
11.8
|
11.18
|
5.55
|
8.54
|
8.37
|
40.98
|
|
Gross/Net NPA
|
24364
|
19572
|
24.48
|
23577
|
22708
|
7.29
|
|
% of Gross/Net NPA
|
0.74
|
0.58
|
27.59
|
0.74
|
0.81
|
-8.64
|
|
Return on Assets
|
0.35
|
0.36
|
-2.78
|
0.29
|
0.32
|
9.37
|
|
Public holding (%)
|
97.75
|
98.08
|
-0.34
|
98.1
|
98.04
|
-0.3
|
*
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