Punjab National Bank
NSE Symbol PNB
PUNJAB
NATIONAL BANK has released its results for the 3rd quarter ending
Dec, 2011. The Highlights are as below :
1
Ø Total Business :: Rs 6,19,122 crore _ 21.4%
Ø Deposits :: Rs 3,56,517 crore _ 23.4%
Ø Credit :: Rs 2,62,605 crore _ 18.7%
Ø Total Assets :: Rs 4,21,873 crore _ 22.8%
Ø Book value per share
(annualized) :: Rs 741.8 _ 20.2%
Ø Net Interest Income for 9
months cross Rs10,000 crore mark to reach Rs 10,105 cr.
Ø NET INTEREST MARGIN REMAINS HIGH AT 3.85%
Ø OPERATING PROFIT GROWS BY 17.3% TO TOUCH Rs. 7678
CRORE
Ø Net Profit from Core operations
grows at 19.2%.
Ø CASA DEPOSITS CROSS Rs 1,25,000 CRORE.
Ø CASA Deposits to Total domestic
Deposits of the Bank was at 36.2%.
Ø Earnings per Share increased to
Rs. 145.62 (annualized).
Performance Highlights for
Q3 FY’12 and 9M FY’12 ended December 2011
Ø Net Profit for nine months ended Dec’11 (9M FY’12) amounted to Rs 3460 crore as compared to Rs.3233 crore last year, registering a y-o-y growth
of 7.0%.
Ø Net Profit from core operations (excluding treasury operations and
depreciation) witnessed an increase of 19.2% to
reach Rs3709 crore for 9M FY’12 from Rs.3111 crore in Dec’10.
Ø Net Profit of the Bank for the third quarter of 2011-12 (Q3 FY’12) recorded a
YoY growth of 5.5% to reach Rs 1150 crore as
compared to a profit of Rs 1090 crore in Q3 FY’11.
Ø Net Profit from core operations for Q3 FY’12 rose by 15.2% to reach Rs1205 crore from Rs.1047 crore in Dec’10.
Ø Operating profit grew by 17.3% to reach Rs 7678 crore in
9M FY’12 as compared to Rs.6548 crore as at 9M FY’11.
INCOME
Ø Total income during Q3 FY’12
rose by 30.8% to Rs.10435 crore due to healthy growth of 33.2% in Interest
Income.
Ø Total income during 9M FY’12
increased to Rs29675 crore, recording a growth of 34.8% on account of 36.8%
growth in Interest Income.
Ø Net interest income during 9M
FY’12 improved by 15.1% to Rs10105 crore (Q3 FY’12: Rs 3537 crore; Growth:
10.4%) despite huge increase in interest expenses of 54.6% in 9M FY’12 (Q3
FY’12: 51.8%).
Ø Non-Interest Income in Q3 FY’12
amounted to Rs 954 crore and Rs 2927 crore for 9M FY’12.
Ø Core Non-Interest Income
registered a growth of 22.7% in Q3 FY’12 and 25.3% for 9M FY’12.
IMPORTANT
RATIOS:
Ø Gross NPA ratio stood at 2.42% as at
Dec’11 whereas Net NPA
ratio was 1.11%.
Ø Provision Coverage Ratio was at 70.01%.
Ø Net Interest Margin (NIM) remained high at 3.85% for
nine months ended Dec’11.
Ø Return on Assets stood at 1.16% for 9M
FY’12.
Ø Cost of Deposit stood at 6.51% for 9M
FY’12 and 6.74% for Q3 FY’12.
Ø Yield on Advances improved to 11.97% for Q3 FY’12 and 11.77%
for 9M FY’12.
Ø Cost to Income ratio stood at 40.40% in Q3
FY’12 and 41.08% in 9M FY’12.
Ø Earnings Per Share (annualized) was Rs 145.20 for the Q3 FY’12 against Rs 138.25 last year (Nine Months ended
Dec’11: Rs 145.62 against Rs.136.70 in previous period)
Ø Book Value per Share (annualized) improved
to Rs. 741.83 in Dec ’11 as
against Rs.617.28 in Dec’10.
Ø CRAR of
the bank was 11.48% under BASEL-II
(Tier-I Capital: 7.85%;
Tier-II Capital: 3.63%).
Ø Bank’s Branch Net
work is now at 5402, and 5793 ATMs with 160.5 lakh card holders.
OVRVIEW OF PERFORMANCE – Q3 FY 12
1.
Operating Profit Rs.2676 cr – up 13.9% yoy
2.
Net profit : Rs.1150 Cr; up 5.5%YoY
3.
Total Business : Rs.619122 cr – up 21.4%
4.
Total Assets : Rs. 421873 cr; up 22.8%
5.
Deposits : Rs.356517 cr – up by 23.4%
6.
Credit : Rs.262605 Cr – up by 18.7%
7.
Provision towards NPAs : Rs.579Cr (up 4.3% YoY)
8.
Total Provision :Rs.1526 Cr (Up 21.1% YoY)
9.
Interest on Advances : Rs.7331 cr (Up 33.6% YoY)
10.
Interest in Investments :Rs.2027 Cr (up 35.8%YoY)
11.
Total Income Rs.10435 Cr (Up 30.8% YoY)
12.
Interest Paid : Rs.5944Cr (Up 51.8% YoY)
13.
Total Expenses : Rs.7759 cr (up 37.9% YoY)
14.
Net Interest Margin :3.88% (against 4.13% in Q3 FY 11)
15.
ROA : 1.11 ( 1.27 % in Q3 FY 11)
16.
BV per share : Rs.741.83 (Rs.617.28 in Q3 FY 11)
17.
EPS : Rs.145.62 for 9 m. ( Rs.136.70 for 9 m FY 11)
RESULTS TABLE :
|
P
N B
|
31-Dec-11
|
30-Sep-11
|
%DIF1
|
31-Dec-10
|
%DIF2
|
|
Interest on Advances
|
733141
|
704475
|
4.07
|
548940
|
33.56
|
|
Income on Investments
|
202712
|
185238
|
9.43
|
149257
|
35.81
|
|
Interest Earned
|
948103
|
895201
|
5.91
|
711912
|
33.18
|
|
Other Income
|
95409
|
88886
|
7.34
|
85723
|
11.3
|
|
Total Income
|
1043512
|
984087
|
6.04
|
797635
|
30.83
|
|
Interest Expended
|
594439
|
549944
|
8.09
|
391583
|
51.8
|
|
NII
|
353664
|
345257
|
2.43
|
320329
|
10.41
|
|
Total Expenditure
(excl.provi)
|
775869
|
731310
|
6.09
|
562644
|
37.9
|
|
Operating Profit
|
267643
|
252777
|
5.88
|
234991
|
13.9
|
|
Provisions
|
94610
|
71032
|
33.19
|
71389
|
32.53
|
|
Profit before tax
|
173033
|
181745
|
-4.79
|
163602
|
5.76
|
|
Tax Expense
|
58029
|
61242
|
-5.25
|
54625
|
6.23
|
|
Net Profit
|
115004
|
120503
|
-4.56
|
108977
|
5.53
|
|
Face Value (in Rs.)
|
10
|
10
|
0
|
10
|
0
|
|
Paid-up Equity
|
31681
|
31681
|
0
|
31530
|
0.48
|
|
Capital Adequacy Ratio
|
10.46
|
11.07
|
-5.51
|
11.23
|
-6.86
|
|
Basic EPS
|
36.3
|
38.04
|
-4.57
|
34.56
|
5.03
|
|
% of Gross/Net NPA
|
1.11
|
0.84
|
32.14
|
0.72
|
54.17
|
|
Return on Assets
|
1.11
|
1.21
|
-8.26
|
1.27
|
-12.6
|
* * *
E N D * *
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