The Karnataka Bank Limited
NSE Symbol KTKBANK
The
Karnataka Bank has declared results for the third quarter ending Dec,
2011.
Interest
on Advances stands
at Rs.612.94 cr in Q3 FY 12, the current Qtr – up by 6.11% from Q2 FY 12, the previous Qtr ;
and by up by 41.84% from Q3 FY 11, the
corresponding qtr.
Income
on Investments stands at Rs.184.36 cr in Q3 FY 12; up by 3.39% from Q2 FY 12; and up by 11.97% from Q3
FY11
Interest
Earned stands at Rs.797.65 cr in Q3 FY 12 – up by 4.93% from Q2 FY 12;
and up by 32.25% from Q3 FY 11.
Total
Income for Q3 FY 12 stands at Rs.882.72 cr – up by 5.04% from Q2 FY
12; and up by 32.05% from Q3 FY 11.
Interest
Expended stands at Rs.610.71 cr for Q3 FY 12 – up by
5.56% from Q2 FY12 and up by 38.26%
from Q3 FY 11.
NET
INTT INCOME stands at Rs.186.94 cr for Q3 FY 12 – up by 2.92% from Q2 FY 12 and up by 15.81%
from Q3 FY 11.
Total
Expdr.(excl.Prov.) stands at Rs.778.65 cr for Q3 FY 12 – up by 7.6% from Q2 FY 12. And up
by a huge 40.14% from Q3 FY 11.
Operating
Profit for Q3 FY 12 stands at Rs.104.07 cr – down by -10.83% from Q2 FY 12; and less by -7.77%
from Q3 FY 11.
Provisions
stands
at Rs. 38.39 cr in Q3 FY 12; down by -19.9%
from Q2 FY 12; and down by -28.64% from
Q2 FY 12.
Profit
before tax stands at Rs.65.68 cr in Q3 FY 12 – down by -4.51% from Q2 FY 12; and up by 11.25%
(helped by lower provisions in Q2 FY 12 compared
to earlier qtrs). Even up to this level, the profit is in down trend compared to earlier Qtrs.
Tax
Expense stands at Rs.(-)6.37
cr in Q3 FY 12; compared to Rs. 27.70
cr in Q2 FY 12; and Rs.20.45Cr in Q3 FY11.
Helped by this negative tax provision, Net Profit stands at Rs.72.05
cr in Q3 FY 12; compared to Rs.41.08 cr in Q2 FY 12 (Up by 75.39%); and Rs.38.59
cr in Q3 FY 11 (Up by 86.71%). Though the percentages look impressive, there is
no robustness in the final result.
Capital
Adequacy Ratio 11.81 12.01 -1.67 12.38 10.71 10.27
% of Net
NPA stands at 2.23 in Q3 FY
12, compared to 2.22 in Q2 FY 12
and 1.18 in Q3 FY 11.
Return
on Assets stands at 0.85 in Q3 FY 12 ; at 0.5 in Q2 FY12
and .54 in Q3 FY 11
Basic
EPS stands at Rs.3.83 in Q3 FY 12; Rs.2.18 in Q2 FY 12; Rs.2.64
in Q1 FY 12; and Rs.2.88 in Q3 Fy11.
Annual
EPS may come to Rs.12.48.
The current market price
is Rs.85; While the 52
week high price is Rs.156.50 and the 52 week low price is Rs.63.60
Based on this, the PE Ratio comes to 6.81.
RESULTS TABLE
|
KTK
BANK
|
31-Dec-11
|
30-Sep-11
|
%DIF1
|
30-Jun-11
|
31-Dec-10
|
%DIF2
|
|
Interest on Advances
|
61294
|
57767
|
6.11
|
51694
|
43214
|
41.84
|
|
Income on Investments
|
18436
|
17832
|
3.39
|
16960
|
16465
|
11.97
|
|
Income on Balances With RBI
|
16
|
38
|
-57.89
|
10
|
11
|
45.45
|
|
Others
|
19
|
379
|
-94.99
|
15
|
624
|
-96.96
|
|
Interest Earned
|
79765
|
76016
|
4.93
|
68679
|
60314
|
32.25
|
|
Other Income
|
8507
|
8017
|
6.11
|
8210
|
6531
|
30.26
|
|
Total Income
|
88272
|
84033
|
5.04
|
76889
|
66845
|
32.05
|
|
Interest Expended
|
61071
|
57852
|
5.56
|
53311
|
44172
|
38.26
|
|
NET INTT INCOME
|
18694
|
18164
|
2.92
|
15368
|
16142
|
15.81
|
|
Employees Cost
|
11532
|
7787
|
48.09
|
7779
|
6779
|
70.11
|
|
Other Oprtng Expenses
|
5262
|
6723
|
-21.73
|
5091
|
4610
|
14.14
|
|
Oprtng Expenses
|
16794
|
14510
|
15.74
|
12870
|
11389
|
47.46
|
|
Total Expdr.excl.Prov.
|
77865
|
72362
|
7.6
|
66181
|
55561
|
40.14
|
|
Operating Profit
|
10407
|
11671
|
-10.83
|
10708
|
11284
|
-7.77
|
|
Provisions
|
3839
|
4793
|
-19.9
|
5958
|
5380
|
-28.64
|
|
Profit before tax
|
6568
|
6878
|
-4.51
|
4750
|
5904
|
11.25
|
|
Tax Expense
|
-637
|
2770
|
-123
|
-228
|
2045
|
-131.15
|
|
Net Profit
|
7205
|
4108
|
75.39
|
4978
|
3859
|
86.71
|
|
Face Value( Rs.)
|
10
|
10
|
0
|
10
|
10
|
0
|
|
Paid-up Equity
|
18827
|
18822
|
0.03
|
18822
|
13442
|
40.06
|
|
Capital Adequacy Ratio
|
11.81
|
12.01
|
-1.67
|
12.38
|
10.71
|
10.27
|
|
Basic EPS
|
3.83
|
2.18
|
75.69
|
2.64
|
2.88
|
32.99
|
|
Diluted EPS
|
3.82
|
2.18
|
75.23
|
2.64
|
2.87
|
33.1
|
|
Gross/Net NPA
|
43879
|
42170
|
4.05
|
33796
|
19122
|
129.47
|
|
% of Gross/Net NPA
|
2.23
|
2.22
|
0.45
|
1.87
|
1.18
|
88.98
|
|
Return on Assets
|
0.85
|
0.5
|
70
|
0.62
|
0.54
|
57.41
|
|
Public holding (%)
|
100
|
100
|
0
|
100
|
100
|
0
|
*
* * E
N D *
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