Indian Bank
NSE Symbol INDIANB
Interest
on Advances Stands at Rs.2494.16 Cr in Q3 FY 12 – up by 5.86% from Q2 FY 12; and
up by 38.34% from Q3 FY 11.
Income on
Investments stands at Rs.725.32 Cr – up by 7.42%
from Q2 FY 12; and up by 24.52% from Q3 FY 11.
Interest
Earned Is Rs.3224.01 Cr – up by 6.23% from Q2 FY 12 and up by 34.79% from Q3 FY 11.
Other
Income stands at Rs.281.25 Cr – down by -17.8% from Q2 FY 12; and up by 13.09% from Q3 FY 11.
Total
Income stands at Rs.3505.26 Cr in Q3 FY 12 – up by 3.79% from Q2 FY 12 and up by 32.75% from Q3 FY 11.
Interest
Expended stands at Rs.2053.98 Cr in Q3 FY 11 – up by 8.14% from Q2 FY 12; and up by 51.67% from Q3 FY 11.
Net
Interest Income stands at Rs.1170.03 Cr – up by 3.05% from Q2 FY 12 and up by 12.75%
from Q3 FY 11.
Total
Expdr (Excluding Provisions)
stands at Rs.2593.69 Cr
in Q3 FY 12 – up by 5.6% from Q2 FY 12;
and up by 41.83% from Q3 FY 11.
Operating
Profit stands at Rs.911.56 Cr in Q3 FY 11 –
down by -1.01% from Q2 FY 12; and up by 12.27% from Q3 FY 11
Provisions stands at Rs.236.13 cr – up by
7.16% from Q2 FY 12; and up by 340.91% from Q3 FY 11.
Exceptional
Items stands at Rs.(-)52.33 Cr in Q3 FY
12.
Profit
before tax stands
at Rs.727.76 Cr in Q3 FY 12; up by 3.89%
from Q2 FY 12; but down by -4.03% from
Q3 FY 11.
Tax
Expense stands at Rs.201.84 Cr - down by
-12.9% from Q2 FY 12; and down by
-24.42% from Q3 FY 11.
Net
Profit stands
at Rs.525.93 Cr – up by 12.21% from Q2
FY 12; and up by 7.05%
from Q3 FY 11.
Capital
Adequacy Ratio stands at 10.98% – compared to 11.62% in Q2 FY 12
and 11.75% in Q3 FY 11.
% of
Gross/Net NPA
stands at 0.8% in Q3 FY 12; compared to 0.69%
in Q2 FY 12; and 0.57% in Q3 FY 11.
Return on
Assets stands at 1.53% in Q3 FY 12; 1.42% in Q2 FY 12 ; 1.73%
in Q3 FY 11.
Basic EPS stands
at Rs.11.97 in Q3 FY 12; Rs.10.64 in Q2 FY 12; Rs.9.2 in Q1 FY 12; Rs.9.94 in
Q4 FY 11; Rs.11.16 in Q3 FY 11.
The annual EPS is
likely to be Rs.43.78 in FY 12. This is against Rs.38.79
in FY 11 and Rs.35.09 in FY 10. Thus, there is reasonable Growth on successive Years.
The current Market price is
Rs.211.05 - While the 52
week high price is Rs.254.10 and the 52
week low price is Rs.166.
The
PE Ratio is
4.82.
HIGH LIGHTS OF
PERFORMANCE
For 9 m/e Dec,2011
Ø
For
9 months period, Net Profit stood at Rs.1402
Cr as against Rs.1275 Cr (9.9%).
Ø
Core
operating profit (excluding trading profit) increased to Rs.2446.33 Cr from Rs.
2159.38 Cr for nine months period recording a growth of 13.3%.
Ø
Interest
Income up by 33.6% to Rs.9040 Cr (NINE MONTHS PERIOD 11-12) from Rs.6767 for
NINE MONTHS PERIOD 2010-11
Ø
Total
Income up by 29.1% to Rs.9913 Cr (NINE MONTHS PERIOD 11-12) from Rs. 7677 for
NINE MONTHS PERIOD 2010-11
Ø
Net
Interest Income up by 14.03% to Rs.3335 Cr (NINE MONTHS PERIOD 11-12) from Rs.2925
Cr for NINE MONTHS PERIOD 2010-11
Business
Ø
Total
Global Business of the Bank rose to Rs.2,07,014 Cr as compared to Rs.1,74,935 Cr
in December 2010, registering a y-o-y growth of 18.34 %.
Ø
Global
Deposits stood at Rs.1,18,970 Cr as compared to Rs.1,01,015 Cr in December
2010, recording a y-o-y growth of 17.8 %.
Ø
Savings
Deposits (Global) improved to Rs.29,489 Cr in December 2011 from Rs.25,972 Cr
in December 2010 recording a growth of 13.5%..
Ø
CASA
Deposits (Domestic) improved to Rs.35,536 Cr in December 2011 forming 31.3% of
Total Deposits.
Ø
Global
Loan Book has increased to Rs.88,044 Cr or by 19.1% (y-o-y) as against Rs.73,919
Cr as on 31.12.2010.
Ø
Global
Credit Deposit Ratio was at 74% as against 73.2% in December 2010.
Ø
Key Ratios
Ø
Return
on Average Assets improved to 1.53% for the quarter ended December 2011 from
1.42% (Q2 2011-12)
Ø
Return
on Equity improved to 22.23% for the quarter ended December 2011 from 20.91%
(Q2 2011-12)
Ø
Cost
to Income Ratio improved to 37.2% for the quarter ended December 2011 from
37.7%.(Q2 2011-12)
Ø
Earnings
per Share was at Rs.47.88 (annualised) for Q3 FY12 as against Rs.44.03
(annualised) in the same period of the previous year.
Ø
Book
Value per Share was higher at Rs. 217.05 at December 2011 from Rs.184.34 as on
December 2010.
Ø
Net
worth improved to Rs.9728 Cr from Rs.8327 Cr as on 31.03.2011.
Ø
As
per Basel II, the CRAR was at 11.84 % as at end of December 2011 (Tier-I Capital:
9.55 %; Tier-II Capital: 2.29 %.
Ø
Headroom
available in Tier II – Rs.6195.88 Cr.
Ø
If
the Current year Profit is taken for computation of CRAR, the CRAR improves to
13.48 % (Tier I : 11.19 %).
Ø
Rating
received for Tier II Bonds of Rs.1000 Cr
by Rating Agencies - “AAA” by “CRISIL” & “CARE”.
Ø
Government
Permission to dilute 10% Govt. Holding i.e. to issue 6.14 Cr shares amounting
to Rs.61.40 Cr is in hand.
Ø
Request
for conversion of Rs.400 Cr Perpetual Non-Convertible Preference Shares (PNCPS)
into equity under consideration of GOI/RBI.
Asset Quality
Ø In 3 quarters the Bank had conducted 2611 recovery
camps contacting over 55000 borrowers and recovered Rs.64.50 Cr.
Ø In the same period lok
adalats were conducted at 88 centres dealing with 20545 cases resulting in spot
recovery of Rs.5.86 Cr
Ø The Bank continued to maintain its good
record of recovery at Rs.366 Cr.
Ø Gross NPA to
Gross Advances ratio
was at 1.35%.
Ø Net NPA to
Net Advances ratio
was at 0.80%.
Ø Provision
Coverage Ratio was
at 76.50 % against RBI’s
stipulation of 70%.
FROM ANNUAL REPORT FOR FY 11
1.Amounts Relate to FY 2011.
2.Amounts in Brackets relate to FY 2010
3.Gr – represents Growth % over previous
Year
Ø
Total
Business Rs.181530 cr (150886) 20.3% Gr.
Ø
Deposits
global : Rs.105804 cr(88228) 19.9% Gr
Ø
Advances
global :Rs.75726 cr (62658) 20.9% Gr.
Ø
Investments
gross : Rs.34970 cr ( 28544)
Ø
Total
income : Rs.10543 cr(9031)
Ø
Net
profit : Rs.1714 (1555) 10.2% Gr
Ø
Cost
of deposits : 5.42% (5.66%)
Ø
Yield
on advances : 10.28% (10.71%)
Ø
Net
Interest Margin ; 3.75%(3.55%)
Ø
ROAA
: 1.53% (1.67%)
Ø
NET
NPA : 0.53% (0.23%)
Ø
CAR
BASEL I : 12.83% (12.16%)
Ø
DIVIDEND
: Rs.7.50 (Rs.6.50) per Share of Rs.10
Ø
EPS
: Rs.38.79 (35.09)
Ø
BOOK
VALUE PER SHARE : Rs.184.44 (154.66)
Ø
NO.
OF BRANCHES : 1863 (1758)
Awards and Accolades
"Best Risk Master
Award“ for Public Sector Bank
Category from FIBAC in the FICCI – IBA Conference on 25.08.2011.
Dun & Bradstreet
Banking Awards 2011 for Best Asset Quality on
30.08.2011
Best Bank Award among the
Public Sector Banks (II Rank) by the Financial Express for 2010-11 on
17.09.2011
CNBC – TV 18 Award for the
Best Public Sector Bank in mid size category for Superior Quality of Assets, Profitability,
Efficiency & Productivity on 12.09.2011.
RESULTS TABLE
|
INDIAN BANK
|
31-Dec-11
|
30-Sep-11
|
%dif1
|
30-Jun-11
|
31-Mar-11
|
31-Dec-10
|
%dif2
|
|
Interest
on Advances
|
249416.41
|
235617.34
|
5.86
|
215999.48
|
198426.09
|
180290.13
|
38.34
|
|
Income
on Investments
|
72532.01
|
67521.66
|
7.42
|
61710.38
|
60515.38
|
58249.71
|
24.52
|
|
Income
on Balances With RBI
|
452.45
|
342.52
|
32.09
|
434.24
|
476.67
|
649.93
|
-30.38
|
|
Interest Earned
|
322400.87
|
303481.52
|
6.23
|
278144.1
|
259418.14
|
239189.77
|
34.79
|
|
Other
Income
|
28124.65
|
34231.65
|
-17.8
|
24930.08
|
27161.97
|
24868.8
|
13.09
|
|
Total Income
|
350525.52
|
337713.17
|
3.79
|
303074.18
|
286580.11
|
264058.57
|
32.75
|
|
Interest
Expended
|
205397.94
|
189944.99
|
8.14
|
175143.49
|
148317.09
|
135420.28
|
51.67
|
|
Net
Interest Income
|
117002.93
|
113536.53
|
3.05
|
103000.61
|
111101.05
|
103769.49
|
12.75
|
|
Employees
Cost
|
37205.76
|
36668.25
|
1.47
|
35875.96
|
30918.34
|
33279.1
|
11.8
|
|
Other
Oprting Expenses
|
16765.76
|
19012.14
|
-11.8
|
13942.67
|
17042.61
|
14169.07
|
18.33
|
|
Oprting
Expenses
|
53971.52
|
55680.39
|
-3.07
|
49818.63
|
47960.95
|
47448.17
|
13.75
|
|
Total Expdr(excl.provisions)
|
259369.46
|
245625.38
|
5.6
|
224962.12
|
196278.04
|
182868.45
|
41.83
|
|
Operating
Profit
|
91156.06
|
92087.79
|
-1.01
|
78112.06
|
90302.07
|
81190.12
|
12.27
|
|
Provisions
|
23612.61
|
22033.92
|
7.16
|
17695.8
|
12679.73
|
5355.38
|
340.91
|
|
Exceptional
Items
|
-5233
|
-
|
-
|
-
|
-
|
||
|
Profit before tax
|
72776.45
|
70053.87
|
3.89
|
60416.26
|
77622.34
|
75834.74
|
-4.03
|
|
Tax
Expense
|
20183.81
|
23184.67
|
-12.9
|
19723.16
|
33736.6
|
26705.33
|
-24.42
|
|
Net Profit
|
52592.64
|
46869.2
|
12.21
|
40693.1
|
43885.74
|
49129.41
|
7.05
|
|
Face
Value(Rs.)
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid-up
Equity
|
42977
|
42977
|
0
|
42977
|
42977
|
42977
|
0
|
|
Capital
Adequacy Ratio
|
10.98
|
11.62
|
-5.51
|
12.29
|
12.83
|
11.75
|
-6.55
|
|
Basic
EPS
|
11.97
|
10.64
|
12.5
|
9.2
|
9.94
|
11.16
|
7.26
|
|
Gross/Net
NPA
|
69531.1
|
59599.31
|
16.66
|
41948.6
|
39703.92
|
41719.8
|
66.66
|
|
% of Gross/Net NPA
|
0.8
|
0.69
|
15.94
|
0.51
|
0.53
|
0.57
|
40.35
|
|
Return
on Assets
|
1.53
|
1.42
|
7.75
|
1.31
|
1.46
|
1.73
|
-11.56
|
|
Public
holding (%)
|
20
|
20
|
0
|
20
|
20
|
20
|
0
|
* * * E N
D * * *
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