Tuesday, January 31, 2012

IDBI Bank Limited - QTRLY RESULTS - Q3 FY 2012 - 3rd Q/E DEC,2011 - TOTAL INCOME UP 22% ; NPT DOWN 10% YoY


IDBI Bank Limited
NSE Symbol        IDBI

IDBI BANK has released results for 3rd quarter ending Dec,2011.

Interest on Advances stands at Rs.4492.84 cr in Q3 FY 12 – up by  0.39% from Q2 FY 12; up by  4.49% from q1 Fy12; and up by  28.78% from Q3 FY 11.

Income on Investments        stands at Rs.1349.40 cr in Q3 FY 12; up by  1.32% from q2 FY 12; up by  5.29% from Q1 FY 12; and up by  11.62% from Q3 FY 11.

Interest Earned stands at Rs.5849.21 cr in Q3 FY 12; up by  0.63% from Q2 FY 12; up by          3.91% from Q1 FY 12; and up by  24.13% from Q3 FY 11.

Other Income stands at Rs.431.83 cr  in Q3 FY 12 – down by     -9.87% from Q2 FY 12;        up by  0.22% from Q1 FY 12; and down by  -3.44% from Q3 FY 11.

Total Income stands at Rs.6281.04 cr – down by  -0.16% from Q2 FY 12; up by  3.65% from Q1 Fy 12; and up by  21.74% from Q3 FY 11.

Interest Expended stands at Rs.4789.74 Cr – up by  2.12% from Q2 FY 12; and up by  7% from Q1 FY 12; and up by  36.53% from Q3 FY 11.

Net Interest Income stands at Rs.1059.47 Cr – down by    -5.57% from Q2 FY 12; and down by  -8.07% from Q1 FY 12; and down by  -12.01% from Q3 FY 11.

Operating Profit stands at Rs.824.34 cr – down by  -18.1% from Q2 FY 12; down by  -20% from Q1 FY 12; and down by  -27.34% from Q3 FY 11

Provisions  stands at Rs.406.44 cr – up by  26.79% from Q2 FY 12; down by  -4.52% from Q1 FY 12; and down by  -37.66% from Q3 FY 11.

Profit before tax stands  at Rs.417.90 cr – down by   -39.1% from Q2 FY 12;  down by  -30.9% from Q1 FY 12; and down by  -13.4% from Q3 FY 11.

Tax Expense stands at Rs.8.09 Cr – down by  -95.2% from Q2 FY 12; down by  -97% from Q1 FY 12;  and down  by  -71.61% from Q3 FY 11.

Net Profit in Q3 FY 12 stands at Rs.409.81  - compared to Rs.515.91  cr in Q2 FY 12 (down by  -20.6%) – Rs.335.10 Cr in Q1 FY 12 (Up by  22.29%) – and Rs.454.08 Cr in Q3 FY 11 (down by  -9.75%).

Capital Adequacy Ratio stands comfortably at  13.53%.

% of Gross/Net NPA stands at 1.96% in Q3 FY 12; 1.57% in Q2 FY 12; 1.25% in Q1 FY 12;          1.2% in Q3 FY 11.

Return on Assets is  0.66% in Q3 FY 12; 0.84% in Q2 FY 12;  0.54 in Q1 FY 12; and 0.83 in Q3 FY 11.

Basic EPS (On FV of Rs.10) – stands at Rs.4.16 in Q3 FY 12; Rs.5.24 in Q2 FY 12; Rs.3.4 in Q1 FY 12;and Rs.4.61 in Q3 FY 11.

Annual EPS is likely to be around Rs.16.96

The current Market Price of Rs.10 share is Rs. 101.75;  While the  52 week high price is Rs.153.75 and the  52 week low price is Rs.77.10.

The PE Ratio is 6.

RESULTS TABLE

IDBI BANK
31-Dec-11
30-Sep-11
%Dif1
30-Jun-11
%dif2
31-Dec-10
%dif3
Interest on Advances
449284
447532
0.39
429990
4.49
348890
28.78
Income on Investments
134940
133186
1.32
128159
5.29
120896
11.62
Income on Balances With RBI
518
370
40
562
-7.83
668
-22.46
Others
179
144
24.31
4182
-95.7
779
-77.02
Interest Earned
584921
581232
0.63
562893
3.91
471233
24.13
Other Income
43183
47910
-9.87
43090
0.22
44721
-3.44
Total Income
628104
629142
-0.16
605983
3.65
515954
21.74
Interest Expended
478974
469031
2.12
447649
7
350830
36.53
Net Interest Income
105947
112201
-5.57
115244
-8.07
120403
-12.01
Employees Cost
29412
26567
10.71
24402
20.53
16584
77.35
Other Oprtng Expenses
37284
32898
13.33
30852
20.85
35087
6.26
Oprtng Expenses
66696
59465
12.16
55254
20.71
51671
29.08
Total Exp(Excl.Provi)
545670
528496
3.25
502903
8.5
402501
35.57
Operating Profit
82434
100646
-18.1
103080
-20
113453
-27.34
Provisions
40644
32055
26.79
42570
-4.52
65195
-37.66
Profit before tax
41790
68591
-39.1
60510
-30.9
48258
-13.4
Tax Expense
809
17000
-95.2
27000
-97
2850
-71.61
Net Profit
40981
51591
-20.6
33510
22.29
45408
-9.75
Face Value (Rs.)
10
10
0
10
0
10
0
Paid-up Equity
98462
98461
0
98461
0
98453
0.01
Capital Adequacy Ratio
13.53
13.34
1.42
13.83
-2.17
14.1
-4.04
Basic EPS
4.16
5.24
-20.6
3.4
22.35
4.61
-9.76
Diluted EPS
3.9
5.24
-25.6
3.4
14.71
4.61
-15.4
Gross/Net NPA
305787
244287
25.18
193280
58.21
160951
89.99
% of Gross/Net NPA
1.96
1.57
24.84
1.25
56.8
1.2
63.33
Return on Assets
0.66
0.84
-21.4
0.54
22.22
0.83
-20.48
Public holding (%)
34.87
34.87
0
34.87
0
34.86
0.03

* * *  E N D  * * *

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