Punjab National Bank
RESULTS FOR Q2 FY 12
ENDING SEP,2011
PUNJAB NATIONAL BANK has declared its
results for q2 fy 2012 ending Sep,2011
Interest on Advances has gone up to Rs.7044.75
cr in Q2 FY 12 – compared to Rs.6575.85 Cr in Q1 FY 12(Up by 7.13%) – and Rs.5035.20
cr in Q2 FY 11(Up by 39.91%).
Income on Investments has gone up to Rs.1852.38
cr in Q2 FY 12 – compared to Rs.1685.81 cr in q1 FY 12 (Up by 9.88%) – and Rs.1397.18
Cr in Q2 FY 11(Up by 32.58%).
NII (Earned – Expended) has gone up to Rs.3452.57 cr in Q2
FY 12 – compared to Rs.3115.28 cr in Q1 FY 12 (Up by 10.83% and Rs.2976.70 cr
in Q2 FY 11(Up by 15.99%).
Total Income has gone up to Rs.9840.87
cr in Q2 FY 12 –compared to Rs.9398.91 cr in q1 FY 12 (Up by 4.7%) – and Rs.7173.69
cr in Q2 FY 11 (up by 37.18%).
Total Expenditure has gone up to Rs.7313.10
cr in Q2 FY 12 – compared to Rs.6924.98 cr (5.6%) and Rs.5073.60 cr in Q2 FY 11
(Up by 44.14%).
Operating Profit has gone up to Rs.2527.77
cr in Q2 FY 12 – compared to Rs.2473.93 cr in Q1 FY 12 (Up by 2.18%) and Rs.2100.09
cr in Q2 FY 11 (Up by 20.36%).
Provisions stand at Rs.710.32 cr in Q2 FY 12 – compared to Rs.893.52
cr (down by -20.5%) and Rs.516.03 cr(Up by 37.65%).
Profit before tax
stands at Rs.1817.45 cr in Q2 FY 12 –
compared to rs.1580.41 cr in Q1 FY 12(Up by 15 %)
and Rs.1584.06 cr in Q2 FY 11 (Up by 14.73%).
Net Profit stands at Rs.1205.03
cr in Q2 FY 12 – compared to Rs.1105.07cr (Up by 9.05%) – and Rs.1074.54 cr in
Q2 FY 11 (Up by 12.14%).
Capital Adequacy Ratio stands at 11.07%
% of Gross/Net NPA stands at 0.84% in
Q2 –compared to 0.86 in Q1 FY 12 and 0.69%
in Q2 FY 11
Return on Assets is good at 1.21%.
Basic EPS on a Face Value of
Rs.10 stands at Rs.38.04 in Q2 FY 12 and Rs.34.88 in Q1 FY 12 – and Rs.34.08 in
Q2 FY 11.
At
this rate, Annualised EPS could be around
Rs.149 (35+38 x 3).
The
current Market price
is Rs.795 with the 52
week high price at Rs.1237 and 52 week low price at Rs.752.80.
The Price
earnings ratio works
out to 5.33. In a normal market, the valuations will scale much higher.
RESULTS TABLE
|
P N B
|
30-Sep-11
|
30-Jun-11
|
31-Mar-11
|
31-Dec-10
|
30-Sep-10
|
|
Interest on Advances
|
704475
|
657585
|
590407
|
548940
|
503520
|
|
Income on Investments
|
185238
|
168581
|
147246
|
149257
|
139718
|
|
Income on Balances With RBI
|
4835
|
3368
|
2223
|
2552
|
2045
|
|
Others
|
653
|
1990
|
4153
|
11163
|
261
|
|
Interest Earned
|
895201
|
831524
|
744029
|
711912
|
645544
|
|
Other Income
|
88886
|
108367
|
114536
|
85723
|
71825
|
|
Total Income
|
984087
|
939891
|
858565
|
797635
|
717369
|
|
Interest Expended
|
549944
|
519996
|
441128
|
391583
|
347874
|
|
Employees Cost
|
124042
|
121264
|
112925
|
122354
|
111309
|
|
Other Operating Expenses
|
57324
|
51238
|
53759
|
48707
|
48177
|
|
Operating Expenses
|
181366
|
172502
|
166684
|
171061
|
159486
|
|
Total Expenditure
|
731310
|
692498
|
607812
|
562644
|
507360
|
|
Operating Profit
|
252777
|
247393
|
250753
|
234991
|
210009
|
|
Provisions
|
71032
|
89352
|
72793
|
71389
|
51603
|
|
Profit before tax
|
181745
|
158041
|
177960
|
163602
|
158406
|
|
Tax Expense
|
61242
|
47534
|
57870
|
54625
|
50952
|
|
Net Profit
|
120503
|
110507
|
120090
|
108977
|
107454
|
|
Face Value
|
10
|
10
|
10
|
10
|
10
|
|
Paid-up Equity
|
31681
|
31681
|
31681
|
31530
|
31530
|
|
Capital Adequacy Ratio
|
11.07
|
11.45
|
11.76
|
11.23
|
11.65
|
|
Basic EPS
|
38.04
|
34.88
|
38.63
|
34.56
|
34.08
|
|
Gross/Net NPA
|
208851
|
209076
|
203863
|
157508
|
142550
|
|
% of Gross/Net NPA
|
0.84
|
0.86
|
0.85
|
0.72
|
0.69
|
|
Return on Assets
|
1.21
|
1.16
|
1.34
|
1.27
|
1.36
|
|
Public holding (%)
|
42
|
42
|
42
|
42.2
|
42.2
|
*
* * E
N D *
* *
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