HDFC Bank Limited
NSE Symbol HDFCBANK
HDFC
BANK has declared excellent Results for
the Q3 FY 2012 ending Dec,2011.
Interest
on Advances stands at Rs.5417.49 cr in Q3 FY 12 –
compared to Rs.4994.79 cr in Q2 FY 12(Up by 8.46%); and Rs.3950.38 cr in Q3 FY
11 (up by 37.14%).
Income
on Investments stands at Rs.1747.57 cr in Q3 FY 12;
compared to Rs.1618.19 cr in Q2 FY 12 (Up by 8%); and Rs.1225.83 Cr in Q3 FY 11
(Up by 42.56%).
Interest
Earned stands at Rs.7202.64 Cr in Q3 FY 12;
compared to Rs.6717.70 Cr in Q2 FY 12 (Up by 7.22%); and Rs.5229.96 cr in Q3 FY
11 (Up by 37.72%).
Other
Income stands at Rs.1420 Cr in Q3 FY 12;
compared to Rs.1211.68 cr in Q2 FY 12(Up by 17.19%); and Rs.1127.82 cr in Q3 FY
11 (Up by 25.91%).
Total
Income stands at Rs.8622.64 cr in Q3 FY 12;
compared to Rs.7929.38 cr in Q2 FY 12(Up by 8.74%) and Rs.6357.78 cr in Q3 FY
11(Up by 35.62%).
Interest
Expended stands at Rs.4086.65 cr in Q3 FY 12;
compared to Rs.3773.19 cr in Q2 FY 12 (Up by 8.31%) and Rs.2453.27 cr in Q3 FY
11 (Up by 66.58%).
NET
INTEREST INCOME (Earned – Expended)
stands at Rs.3115.99 Cr in Q3 FY 12 – compared to Rs.2944.51 cr in Q2 FY 12 (Up
by 5.82%); and Rs.2776.69 cr in Q3 FY 11 (Up by 12.22%).
Operating
Profit stands at Rs.2378.03 cr in Q3 FY 12;
compared to Rs.2125.80 cr in Q2 FY 12 (Up by 11.87%) ; and Rs.2072.69 cr in Q3
FY 11 (Up by 14.73%).
Provisions stand at Rs.329.24 Cr in Q3 FY 12; compared to
Rs.366.05 Cr in Q2 FY 12 (a reduction of -10.06%); and Rs.465.87 cr in Q3 FY
11( a reduction of -29.33%).
Profit
before tax stands at Rs.2048.79 cr in Q3 FY 12;
compared to Rs.1759.75 cr in Q2 FY 12 (up by 16.43%) and Rs.1606.82 cr in Q3 FY
11 ( up by 27.51%).
Tax
Expense stands at Rs.619.13 Cr in Q3 FY 12;
compared to Rs. 560.40 cr in Q2 FY 12 (Up
by 10.48%) and Rs.518.99 cr in Q3 FY 11 (Up by 19.3%).
Capital
Adequacy Ratio stands impressively at 16.3.
% of
Gross/Net NPA stands consistently at 0.2%
Return
on Assets continues to be slightly low at 0.5.
Face
value is Rs.2 for last 2 Qtrs and Rs.10
prior to that.
Net
Profit stands
at Rs.1429.66 Cr in Q3 FY 12; compared to Rs.1199.35 cr in Q2 FY 12 (Up by 19.2%)
and Rs.1087.83 cr in Q3 FY 11 (Up by an impressive 31.42%). The consistency of
HDFC Bank in its quarterly performance is excellent.
Basic
EPS is
Rs.6.1 forQ3 FY 12; Rs.5.1 for Q2 FY 11; - on FV of Rs.2;
Rs.23.3 for Q1 FY 12 on FV of Rs.10
(or Rs.4.66 on FV of Rs.2);
On this Basis, the annual
EPS can be around Rs.22
The current Market price is
Rs.485.40.while the 52
week high price was Rs.2583.30 and the 52 week low price was Rs.400.25.
On this basis, the PE
Ratio stands at 22.06.
OTHER
DETAILS
Balance
sheet size has increased to Rs.335487 Cr. Total
Deposits are Rs.232508 Cr;up 21%YoY;
15.2% Growth in SB deposits to rs.70330 cr;
CORE CASA deposits stand
at 47.7%.
Gross
advances grew by 21.9% over Dec,2010 to
Rs.195788 Cr.
Retail
Loans are 51.3% of total loans.
Net
Profits for the 9 m/e Dec,11 is Rs.3714 cr
up by 32.1%YoY.
Branch
Network is being expanded to cover 341 new
cities. As on 31.12.2011, Bank has 2201 Branches an 7110 ATMs
against 1789 Branches and 5121 ATMs Year
earlier.
RESULTS TABLE
HDFC
BANK
|
31-Dec-11
|
30-Sep-11
|
%DIF1
|
30-Jun-11
|
31-Dec-10
|
%DIF2
|
Interest on Advances
|
541749
|
499479
|
8.46
|
451419
|
395038
|
37.14
|
Income on Investments
|
174757
|
161819
|
8
|
141070
|
122583
|
42.56
|
Income on Balances With RBI
|
3459
|
3294
|
5.01
|
2484
|
5171
|
-33.11
|
Others
|
299
|
7178
|
-95.83
|
2824
|
204
|
46.57
|
Interest Earned
|
720264
|
671770
|
7.22
|
597797
|
522996
|
37.72
|
Other Income
|
142000
|
121168
|
17.19
|
112003
|
112782
|
25.91
|
Total Income
|
862264
|
792938
|
8.74
|
709800
|
635778
|
35.62
|
Interest Expended
|
408665
|
377319
|
8.31
|
313001
|
245327
|
66.58
|
NET INTT INCOME
|
311599
|
294451
|
5.82
|
284796
|
277669
|
12.22
|
Employees Cost
|
86742
|
82310
|
5.38
|
78099
|
72505
|
19.64
|
Other Oprtng Expenses
|
129054
|
120729
|
6.9
|
115364
|
110677
|
16.6
|
Oprtng Expenses
|
215796
|
203039
|
6.28
|
193463
|
183182
|
17.8
|
Total Expdr excl.provisions
|
624461
|
580358
|
7.6
|
506464
|
428509
|
45.73
|
Operating Profit
|
237803
|
212580
|
11.87
|
203336
|
207269
|
14.73
|
Provisions
|
32924
|
36605
|
-10.06
|
44366
|
46587
|
-29.33
|
Profit before tax
|
204879
|
175975
|
16.43
|
158970
|
160682
|
27.51
|
Tax Expense
|
61913
|
56040
|
10.48
|
50472
|
51899
|
19.3
|
Net Profit
|
142966
|
119935
|
19.2
|
108498
|
108783
|
31.42
|
Face Value(Rs.)
|
2
|
2
|
0
|
10
|
10
|
-80
|
Paid-up Equity
|
46826
|
46766
|
0.13
|
46677
|
46433
|
0.85
|
Capital Adequacy Ratio
|
16.3
|
16.5
|
-1.21
|
16.9
|
16.3
|
0
|
Basic EPS
|
6.1
|
5.1
|
19.61
|
23.3
|
23.5
|
-74.04
|
Gross/Net NPA
|
39796
|
35525
|
12.02
|
31850
|
33067
|
20.35
|
% of Gross/Net NPA
|
0.2
|
0.2
|
0
|
0.2
|
0.2
|
0
|
Return on Assets
|
0.5
|
0.4
|
25
|
0.4
|
0.4
|
25
|
Public holding (%)
|
0
|
0
|
76.7
|
76.6
|
-100
|
* *
* E N
D * * *
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