Wednesday, February 1, 2012

UCO Bank - QTRLY RESULTS - Q3 FY 2012 - 3rd Q.E DEC,2011 - TOTAL INCOME UP 28% YoY; NPT UP 10.4% YoY


UCO Bank
NSE Symbol        UCOBANK

U CO BANK has reported progress in the results for the third quarter ended Dec, 2011.

Interest on Advances stands at Rs.2892.55 Cr in Q3 FY 12; up by 4.99% from Q2 FY 12; up by 10% from Q1 FY 12; and up by  31.28% from Q3 FY 11.

Income on Investments stands at Rs.824.03 Cr in Q3 FY 12; up by 7.77 from Q3 FY 12; up by 10.16% from Q1 FY 12; and up by 21.37 from Q3 FY 11.

Interest Earned          stands at Rs.3738.28 Cr in Q3 FY 12; up by 5.96 % from Q2 FY 12; up by  9.9% from Q1 FY 12; and up by 29.16% from Q3 FY 11.

Other Income    stands at Rs.235.34 Cr in Q3 FY 12; up by 16.05% from Q2 FY 12; down by -14.55% from Q1 FY 12; and up by  9.89% from Q3 FY 11.

Total Income     stands at Rs.3973.62 Cr in Q3 FY 12;          up by  6.51% from Q2 FY 12; up by 8.07% from Q1 FY 12; and  up by  27.84% from Q3 FY 11.

Interest Expended stands at Rs.2705.53 Cr in Q3 FY 12;    up by 7.45% from Q2 FY 12; up by 4.35% from Q1 FY 12; and up by  47.67% from Q3 FY 11.

Net Interest Income stands at Rs.1032.75 Cr in Q3 FY 12; up by  2.24% from Q2 FY 12; up by  27.71% from Q1 FY 12; and down by  -2.76% from Q3 FY 11.

Total Expdr(Excl.Prov)       stands at Rs.3212.64 Cr in Q3 FY 12; up by 6.37% from Q2 FY 12; up by 4.81% from Q1 FY 12; and up by  37.11% from Q3 FY 11.

Operating Profit stands at Rs.760.98 Cr in Q3 FY 12;  up  by  7.1% from Q2 FY 12;  up by 24.39% from Q1 FY 12; and down by -0.56% from Q3 FY 11.

Provisions stands at Rs.420.45 Cr in Q3 FY 12; down by -11.46% from Q2 FY 12; up by 35.74% from Q1 FY 12; and down by -7.74% from Q3 FY 11.

Profit before tax  stands at Rs.340.53 Cr in Q3 FY 12; up  by  44.49% from Q2 FY 12; up  by  12.75% from Q1 FY 12; and up by  10% from Q3 FY 11.

Tax Expense stands at Rs.7.98 Cr in Q3 FY 12; up by 61.87% from Q2 FY 12. Down by  -15.91% from Q1 FY 12; and down by  -4.2% from Q3 FY 11.

Net Profit stands at Rs.332.55 Cr in Q3 FY 12; up by 44.12% from Q2 FY 12; up by 13.68% from Q1 FY 12; and up by  10.39% from Q3 FY 11.

Face Value of the share is Rs.10.  Paid-up Equity     stands at Rs.627.52 Cr.

Capital Adequacy Ratio stands at 11.25% in Q3 FY 12;

% of Gross/Net NPA stands at Rs.2.04 in Q3 FY 12;down by -3.32% from Q2 FY 12; down by -5.12% from Q1 FY 12; but up by  80.53% from Q3 FY 11.

Return on Assets  stands at Rs.0.82 in Q3 FY 12;

Basic EPS stands at Rs.5.3 in Q3 FY 12; Rs.3.68 in Q2 FY 12; and Rs.4.66 in Q1 FY 12. The annual EPS may be estimated at Rs.19.

The current Market Price is Rs.71.30;   While the 52 week high price is Rs.121.90 and the 52 week low price  is Rs.44.75

The PE Ratio stands at 3.75.

Results table
U.CO. BANK
31-Dec-11
30-Sep-11
%duf1
30-Jun-11
%dif2
31-Dec-10
%dif3
Interest on Advances
289255
275511
4.99
262970
10
220340
31.28
Income on Investments
82403
76461
7.77
74802
10.16
67892
21.37
Income on Balances With RBI
1592
693
129.7
1622
-1.85
999
59.36
Others
578
134
331.3
752
-23.1
192
201.04
Interest Earned
373828
352799
5.96
340146
9.9
289423
29.16
Other Income
23534
20280
16.05
27542
-14.6
21416
9.89
Total Income
397362
373079
6.51
367688
8.07
310839
27.84
Interest Expended
270553
251788
7.45
259281
4.35
183214
47.67
Net Interest Income
103275
101011
2.24
80865
27.71
106209
-2.76
Employees Cost
34847
33531
3.92
33037
5.48
36630
-4.87
Other Oprtng Expenses
15864
16704
-5.03
14194
11.77
14468
9.65
Oprtng Expenses
50711
50235
0.95
47231
7.37
51098
-0.76
Total Expdr(Excl.Prov)
321264
302023
6.37
306512
4.81
234312
37.11
Operating Profit
76098
71056
7.1
61176
24.39
76527
-0.56
Provisions
42045
47488
-11.46
30974
35.74
45570
-7.74
Profit before tax
34053
23568
44.49
30202
12.75
30957
10
Tax Expense
798
493
61.87
949
-15.9
833
-4.2
Net Profit
33255
23075
44.12
29253
13.68
30124
10.39
Face Value(Rs.)
10
10
0
10
0
10
0
Paid-up Equity
62751.75
62751.75
0
62751.75
0
54936
14.23
Capital Adequacy Ratio
11.25
12.56
-10.43
12.59
-10.6
11.25
0
Basic EPS
5.3
3.68
44.02
4.66
13.73
5.48
-3.28
Gross/Net NPA
213107
202242
5.37
203959
4.49
99280
114.65
% of Gross/Net NPA
2.04
2.11
-3.32
2.15
-5.12
1.13
80.53
Return on Assets
0.82
0.6
36.67
0.75
9.33
0.86
-4.65
Public holding (%)
31.87
31.87
0
31.87
0
36.41
-12.47

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