Lakshmi Vilas Bank Limited
NSE Symbol LAKSHVILAS
Lakshmi Vilas Bank has declared its
for the third quarter ending Dec, 2011.
Ø
Interest
on Advances stands at Rs.304.88 Cr in Q3FY12 - up
by 3.52% from Q2 FY 12; up by 13.88%
from Q1 FY 12; and up by 46.6% from Q3 FY 11.
Ø
Income
on Investments stands at Rs.87.38 Cr in
Q3 FY 12 – up by 3.84% from Q2 FY 12; up
by 29.3% from Q1 FY 12; and up by 50.36% from Q3 FY11.
Ø
Interest
Earned stands at Rs.394.27 Cr in Q3
FY 12 – up by 3.73% from Q2 FY 12; up by 17.42% from Q1 FY 12; up by 48.1% from
Q3 FY 11.
Ø
Other
Income stands at Rs.35.22 Cr in Q3 FY 12 – up by 12.2% from Q2 FY 12; up by 3.07%
from Q1 FY 12; and up by 64.91% from Q3 FY11.
Ø
Total
Income stands at Rs.429.49 Cr – up by 4.37% from Q2 FY 12; up by 16.1% from Q1
FY 12; and up by 49.35% from Q3 FY 11.Total Income has gone up steadily and
satisfactorily.
Ø
Interest
Expended stands at Rs.303.65 Cr – up by 7.16% from Q2 FY 12; Up by 25.22% from
Q1 FY12; and up By 73.77% from Q3 FY 11.
Ø
Net
Interest Income stands at Rs.90.62 Cr – down by -6.35 % from Q2 FY 12; down by
-2.84% from q1 FY 12; and down by -0.94% from Q3 FY 11. This shows that Net
Interest Margin has fallen with reference to all three preceding quarters.
Ø
Employees
Cost stands at Rs.40 cr – up by 33.54% from Q2 FY 12; up by 36.69% from Q1 FY
12; and UP by 53.4% from Q3 FY 11;
Ø
Other
Oprtng Expenses stands at Rs.37.73 Cr –
up by 3.21% from Q2 FY 12; Up by 32.51% from Q1 FY 12; and up by 33.43% from Q3
FY 11.
Ø
Oprtng
Expenses stands at Rs.77.73 Cr- up by 16.87% from Q2 FY 12; Up by 34.63% from
Q1 FY 12; and up by 43.01% from Q3 FY 11.
Ø
Total
Expdr(Excl.Prov) stands at Rs.381.38 Cr – up by 9.01% from Q2 FY 12; Up by 27.03%
from Q1 Fy 12; and up by 66.47% from Q3 FY 11. Expenditure has gone up more
than proportionately – compared to total Income.
Ø
Operating
Profit stands at Rs.48.11 Cr – down by -21.95%
from Q2 FY 12; down by -30.97% from Q1
FY 12; and down by -17.74% from Q3 FY
11. It is down with reference to all three preceding qtrs compared here.
Ø
Provisions
stands at Rs.18.76 Cr – down by -23.5%
from Q2 FY 12; down by -53.24% from Q1
FY 12; and down by -42.8% from Q3 FY 11.
Ø
Profit
before tax stands at Rs.29.35 Cr – down by
20.93% from Q2 FY 12; down by -0.78%
from Q1 FY 12; up by 14.24% from Q3 FY 11. Less Provisions has inched up
profits slightly.
Ø
Tax
Expense stands at Rs.1 Cr – down by -87.5% from Q2 FY 12; down by -80% from Q1
FY 11.
Ø
Net
Profit stands at Rs.28.35 Cr – down by -2.64% from Q2 FY 12; up by 15.34% from
Q1 FY 12; up by 10.35% from Q3 FY 11. Lesser tax expense has inched up profits
a little more. While a 10% growth YoY seems fair, control over expenditure and
NII is not contributing to profits.
Ø
Capital
Adequacy Ratio stands at 10.22% down
from previous qtrs. The 0.5% CRR decrease may help the Bank in 4th
Qtr to some extent in boosting advances, keeping control on costs and NII and
improving poriftability slightly.
Ø
Gross/Net
NPA stands at Rs.113.77 Cr – up by 19.69%
from Q2 FY 12; up by 40.65% from Q1 FY 12; and down by -18.54% from Q3 FY 11.
Ø
%
of Gross/Net NPA is 1.23. increasing slightly from previous 2 qtrs but down by -39.71% from Q3 FY 11.
Ø
Return
on Assets stands at 0.76.
Ø
Basic
EPS stands at Rs.2.91 in Q3 FY 12;
Rs.2.99 in Q2 FY 12; Rs.2.52 in Q1 FY 12; and Rs.2.63 in Q3 FY11.
Ø
On
this Basis – the annual EPS stands at Rs.11.33.
Ø
Current
Market Price is Rs.88.90 while the 52
week high price is Rs.140 and the 52
week low price is Rs.70.10
Ø
The
PE Ratio stands at 7.85.
RESULTS TABLE
|
Lakshmi VilasBank
|
31-Dec-11
|
30-Sep-11
|
%dif1
|
30-Jun-11
|
%dif2
|
31-Dec-10
|
%dif3
|
|
Interest on Advances
|
30487.9
|
29451.11
|
3.52
|
26771.26
|
13.88
|
20796.93
|
46.6
|
|
Income on Investments
|
8737.62
|
8414.15
|
3.84
|
6757.84
|
29.3
|
5811.1
|
50.36
|
|
Income on Balances With RBI
|
170.48
|
145.61
|
17.08
|
47.64
|
257.85
|
13.84
|
1131.79
|
|
Interest Earned
|
39427.05
|
38010.87
|
3.73
|
33576.74
|
17.42
|
26621.87
|
48.1
|
|
Other Income
|
3522.08
|
3139.09
|
12.2
|
3417.05
|
3.07
|
2135.76
|
64.91
|
|
Total Income
|
42949.13
|
41149.96
|
4.37
|
36993.79
|
16.1
|
28757.63
|
49.35
|
|
Interest Expended
|
30365.47
|
28335.28
|
7.16
|
24250.62
|
25.22
|
17474.26
|
73.77
|
|
Employees Cost
|
3999.97
|
2995.32
|
33.54
|
2926.33
|
36.69
|
2607.52
|
53.4
|
|
Other Oprtng Expenses
|
3772.71
|
3655.42
|
3.21
|
2847.14
|
32.51
|
2827.55
|
33.43
|
|
Oprtng Expenses
|
7772.68
|
6650.74
|
16.87
|
5773.47
|
34.63
|
5435.07
|
43.01
|
|
Total Expdr(Excl.Prov)
|
38138.15
|
34986.02
|
9.01
|
30024.09
|
27.03
|
22909.33
|
66.47
|
|
Operating Profit
|
4810.98
|
6163.94
|
-21.95
|
6969.7
|
-30.97
|
5848.3
|
-17.74
|
|
Provisions
|
1875.57
|
2451.67
|
-23.5
|
4011.33
|
-53.24
|
3278.86
|
-42.8
|
|
Profit before tax
|
2935.41
|
3712.27
|
-20.93
|
2958.37
|
-0.78
|
2569.44
|
14.24
|
|
Tax Expense
|
100
|
800
|
-87.5
|
500
|
-80
|
-
|
|
|
Net Profit
|
2835.41
|
2912.27
|
-2.64
|
2458.37
|
15.34
|
2569.44
|
10.35
|
|
Face Value (Rs.)
|
10
|
10
|
0
|
10
|
0
|
10
|
0
|
|
Paid-up Equity
|
9752.58
|
9752.58
|
0
|
9752.58
|
0
|
9752.39
|
0
|
|
Capital Adequacy Ratio
|
10.22
|
10.98
|
-6.92
|
11.82
|
-13.54
|
12.28
|
-16.78
|
|
Basic EPS
|
2.91
|
2.99
|
-2.68
|
2.52
|
15.48
|
2.63
|
10.65
|
|
Gross/Net NPA
|
11377.14
|
9505.5
|
19.69
|
8089.26
|
40.65
|
13967.25
|
-18.54
|
|
% of Gross/Net NPA
|
1.23
|
1.09
|
12.84
|
0.98
|
25.51
|
2.04
|
-39.71
|
|
Return on Assets
|
0.76
|
0.8
|
-5
|
0.73
|
4.11
|
0.92
|
-17.39
|
|
Public holding (%)
|
88.45
|
88.53
|
-0.09
|
89.09
|
-0.72
|
89.01
|
-0.63
|
*
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N D *
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