ING Vysya Bank Limited
NSE Symbol INGVYSYABK
ING
VYSYA bank has
performed well in 3rd qtr ending Dec,2011.
Interest
on Advances has
gone up to Rs.737.09 cr in current qtr
(Q3 FY 12 ending Dec,2011) - compared
to Rs.691.85 cr (Up by 6.54%) in previous
qtr (Q2 FY 12 ending Sep,2011) – and Rs.523.32 cr (Up by 40.85%) in the corresponding qtr of Q3
FY 11 ending Dec,2010.
Income on Investments in
current Qtr stands at Rs. 253.88 cr –
compared to Rs.239.96 Cr (Up by 5.8%) in previous qtr and Rs.161.35 cr(Up by 57.35%)
in corresponding qtr.
Interest Earned in
current Qtr stands at Rs.991.51 cr – compared to Rs.933.07 cr in previous qtr
(Up by 6.26%) – and Rs.690.72 cr (Up by 43.55%) in corresponding Qtr.
Other Income in
current Qtr stands at Rs.169.94 cr – compared to Rs.162.46 cr (Up by 4.6%) in
previous qtr – and Rs.166.79 cr (Up by 1.89%) in corresponding qtr.
Total Income stands
at Rs.1161.45 cr in current qtr – compared to Rs.1095.53 cr (Up by 6.02%) in
previous qtr and Rs.857.51 cr (Up by 35.44%)
in corresponding Qtr.
Interest Expended in
current Qtr stands at Rs.667.93 cr – compared to Rs.629.45 cr (Up by 6.11%) in
previous qtr – and Rs.444.80 cr (Up by 50.16%) in corresponding Qtr.
NII (Earned – Expended) stands
at Rs.323.58 cr in current Qtr – compared to Rs.303.62 cr (Up By 6.57%) in
previous qtr – and Rs.245.92 cr (Up by 31.58%) in corresponding Qtr.
Operating Profit in
current Qtr stands at Rs.211.32 cr – compared to Rs.189.42 cr (Up by 11.56%) in
previous Qtr – and Rs.159.44 cr (Up by 32.54%) in corresponding Qtr.
Provisions in current Qtr stands at Rs.33.44
cr – compared to Rs.17.48 cr(Up by 91.3%) in previous qtr - and Rs.33.64 Cr (down by -0.59%) in
corresponding Qtr.
Profit before tax stands
at Rs.177.88 cr in current Qtr – compared to Rs.171.94 cr (Up by 3.45%) in
previous qtr and Rs.125.80 cr (Up by 41.4%) in corresponding qtr.
Tax Expense in
current qtr stands at Rs.58.36 cr in current Qtr – compared to Rs.56.57 cr (Up
by 3.16%) in previous qtr – and Rs.42.79 cr (Up by 36.39%) in corresponding
qtr.
Net Profit stands at Rs.119.52 cr in current
Qtr – compared to Rs.115.37 cr(Up by 3.6%) in previous Qtr – and Rs.83.01 cr
(Up by 43.98%) in corresponding Qtr.
Capital Adequacy Ratio is
very comfortable at 14.08.
% of Gross/Net NPA is
very good at 0.31% -down from 0.64% in
corresponding Qtr.
Return on Assets is
good at 1.13 – up from 0.88 in corresponding Qtr.
Basic EPS stands at Rs.7.98 in Q3 FY 12; Rs.7.71
in Q2 FY 12; Rs.7.62 in Q1 FY 12; Rs.7.55 in Q4 FY 11; and Rs.6.88 in Q3 FY 11 –
reflecting steady increase.
The annual EPS for
current year may be around Rs.31.3 on a Face value of Rs.10.
Current Market price is
Rs.311.55 while the 52
week high price is Rs.377 and the 52
week low price is Rs.275.
The PE Ratio is 9.05 . In a normal market, the Bank will
command much higher valuations.
RESULTS TABLE
|
ING VYSYA
|
31-Dec-11
|
30-Sep-11
|
% DIF1
|
30-Jun-11
|
31-Mar-11
|
31-Dec-10
|
% DIF2
|
|
Interest on Advances
|
73709
|
69185
|
6.54
|
65217
|
59136
|
52332
|
40.85
|
|
Income on Investments
|
25388
|
23996
|
5.8
|
21527
|
18012
|
16135
|
57.35
|
|
Income on Balances With RBI
|
7
|
10
|
-30
|
10
|
72
|
92
|
-92.39
|
|
Others
|
47
|
116
|
-59.48
|
323
|
471
|
513
|
-90.84
|
|
Interest Earned
|
99151
|
93307
|
6.26
|
87077
|
77691
|
69072
|
43.55
|
|
Other Income
|
16994
|
16246
|
4.6
|
14052
|
17051
|
16679
|
1.89
|
|
Total Income
|
116145
|
109553
|
6.02
|
101129
|
94742
|
85751
|
35.44
|
|
Interest Expended
|
66793
|
62945
|
6.11
|
60881
|
50857
|
44480
|
50.16
|
|
NII
|
32358
|
30362
|
6.57
|
26196
|
26834
|
24592
|
31.58
|
|
Employees Cost
|
17040
|
16123
|
5.69
|
14672
|
17580
|
14535
|
17.23
|
|
Other Oprting Expenses
|
11180
|
11543
|
-3.14
|
10893
|
11985
|
10792
|
3.6
|
|
Oprting Expenses
|
28220
|
27666
|
2
|
25565
|
29565
|
25327
|
11.42
|
|
Total Expenditure excl.provisions
|
95013
|
90611
|
4.86
|
86446
|
80422
|
69807
|
36.11
|
|
Operating Profit
|
21132
|
18942
|
11.56
|
14683
|
14320
|
15944
|
32.54
|
|
Provisions
|
3344
|
1748
|
91.3
|
621
|
427
|
3364
|
-0.59
|
|
Profit before tax
|
17788
|
17194
|
3.45
|
14062
|
13893
|
12580
|
41.4
|
|
Tax Expense
|
5836
|
5657
|
3.16
|
4660
|
4763
|
4279
|
36.39
|
|
Net Profit
|
11952
|
11537
|
3.6
|
9402
|
9130
|
8301
|
43.98
|
|
Face Value(Rs.)
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid-up Equity
|
15001
|
14980
|
0.14
|
14958
|
12099
|
12083
|
24.15
|
|
Capital Adequacy Ratio
|
14.08
|
15
|
-6.13
|
15.89
|
12.94
|
12.69
|
10.95
|
|
Basic EPS
|
7.98
|
7.71
|
3.5
|
7.62
|
7.55
|
6.88
|
15.99
|
|
Diluted EPS
|
7.9
|
7.62
|
3.67
|
7.52
|
7.41
|
6.77
|
16.69
|
|
Gross/Net NPA
|
8080
|
7766
|
4.04
|
8380
|
9178
|
13725
|
-41.13
|
|
% of Gross/Net NPA
|
0.31
|
0.31
|
0
|
0.35
|
0.39
|
0.64
|
-51.56
|
|
Return on Assets
|
1.13
|
1.12
|
0.89
|
0.95
|
0.99
|
0.88
|
28.41
|
|
Public holding (%)
|
56.28
|
56.22
|
0.11
|
0
|
56.75
|
56.71
|
-0.76
|
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* E N D *
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