Tuesday, July 31, 2012

KARUR VYSYA BANK - FIRST QUARTER RESULTS - Q1 FY 2012-13 -Total Income up 44.37%YoY; NPT UP 25.06% YoY


KARUR VYSYA BANK

FIRST QUARTER RESULTS
Q1 FY 2012-13


Karur Vysya Bank has reported improved performance for the first quarter ending June,2012.

HIGH LIGHTS

Total Income for Q1 FY 13 stands at Rs.1109.81 Cr; up by 4.77% from Q4 FY 12 (Rs.1059.27 Cr); and up by 44.37% from Q1 FY 12 (Rs.768.72 Cr). The increase in Total Income YoY is impressive.

Total Expenditure for Q1 FY 13 stands at Rs.907.13 Cr; up by 7.2% from Q4 FY 12 (Rs.846.22 Cr); and up by  50.32% from Q1 FY 12 (Rs. 603.46 Cr).Expenditure has increased more than Proportionately – compared to the Total Income.

Profit  before Interest, Dep. & Taxes     for Q1 FY 13 stands at Rs.202.68 Cr; down by -4.87% from Q4 FY 12 (Rs.213.05 Cr); and up by 22.64% from Q1 FY 12 (Rs. 165.26 Cr).

Net Profit      for Q1 FY 13 stands at Rs.145.95 Cr; down by  -0.57% from Q4 FY 12 (Rs.146.79 Cr); and up by 25.06% from Q1 FY 12 (Rs. 16.70 Cr). NPT increase YoY is very good, though it is flat QoQ.

Diluted EPS for Q1FY 13 stands at Rs.13.62; against Rs.13.69 in Q4 FY 12; and Rs.11.56 in Q1 FY 12.

DETAILS

Interest on Advances        for Q1 FY 13 stands at Rs.773.36 Cr; up by 6.06% from Q4 FY 12 (Rs.729.18 Cr); and up by 41.16% from Q1 FY 12 (Rs.547.85 Cr).

Income on Investments    for Q1 FY 13 stands at Rs.226.94 Cr; up by  9.62% from Q4 FY 12 (Rs.207.03 Cr); and up by 55.23% from Q1 FY 12 (Rs.146.20 Cr).

Interest Earned       for Q1 FY 13 stands at Rs.1005.53 Cr; up by 6.13% from Q4 FY 12 (Rs.947.47 Cr); and up by  44.78% from Q1 FY 12 (Rs. 694.52 Cr).

Other Income  for Q1 FY 13 stands at Rs.104.28 Cr; down by      -6.73% from Q4 FY 12 (Rs.111.80 Cr); and up by  40.54% from Q1 FY 12 (Rs. 74.20 Cr).

Total Income           for Q1 FY 13 stands at Rs.1109.81 Cr; up by 4.77% from Q4 FY 12 (Rs.1059.27 Cr); and up by  44.37 % from Q1 FY 12 (Rs.768.72 Cr).

Interest Expended for Q1 FY 13 stands at Rs.751.59 Cr; up by 9.48% from Q4 FY 12 (Rs.686.48 Cr); and up by       53.53% from Q1 FY 12 (Rs. 489.53 Cr).

Net Interest Income           for Q1 FY 13 stands at Rs.253.94 Cr; down by      -2.7% from Q4 FY 12 (Rs.260.99 Cr); and up by    23.88 % from Q1 FY 12 (Rs.204.99 Cr). NII has increased reasonably well.

Total Expenditure (Excl.provisions)      for Q1 FY 13 stands at Rs.907.13 Cr; up by 7.2% from Q4 FY 12 (Rs.846.22 Cr); and up by    50.32% from Q1 FY 12 (Rs.603.46 Cr).

Operating Profit      for Q1 FY 13 stands at Rs.202.68 Cr; down by  -4.87% from Q4 FY 12 (Rs.213.05 Cr); and up by 22.64% from Q1 FY 12 (Rs.165.26 Cr).

Provisions     for Q1 Fy 13 stands at Rs.-9.98 Cr;  down by -245.91% from Q4 FY 12 (Rs.6.84 Cr); and down by -126.54% from Q1 FY 12 (Rs.37.61 Cr).

Profit before tax      for Q1 FY 13 stands at Rs.212.66 Cr; up by  3.13% from Q4 FY 12 (Rs.206.21 Cr); and up by  66.6% from Q1 FY 12 (Rs.127.65 Cr).

Tax Expense for Q1 Fy 13 stands at Rs.66.71 Cr; up by 12.27% from Q4 FY 12 (Rs.59.42 Cr); and up by 509.22% from Q1 FY 12 (Rs. 10.95 Cr).

Net Profit      for Q1 FY 13 stands at Rs.145.95 Cr; down by      -0.57% from Q4 FY 12 (Rs.146.79 Cr); and up by 25.06 % from Q1 FY 12 (Rs. 116.70 Cr).

Face Value of Share is Rs.10.  Paid-up Equity stands at Rs.107.18 Cr.

Capital Adequacy Ratio (BASEL II) for Q1 FY 13 stands at 14.72%; against 14.33% in Q4 FY 12; and 12.72% in Q1 FY 12. CAR is very Good and indicates sufficient funds for Q2 and so on .

Diluted EPS  for Q1 FY 13 stands at Rs.13.62; against Rs.13.69 in Q4 FY 12; and Rs.11.56 in Q1 FY 12.

Net NPA         for Q1 FY 13 stands at Rs.92.29 Cr; up by 17.15% from Q4 FY 12 (Rs.78.78 Cr); and up by 137.68% from Q1 FY 12 (Rs. 38.83 Cr).NPAs have increased significantly YoY – but still , considering the Business volume, is well within Manageable Limits.

% of Net NPA for Q1 FY 13 stands at 0.38%; against 0.33% in Q4 FY 12; and 0.21% in Q1 FY 12;

Return on Assets stands at 1.53% in Q1 FY 13; against  1.63% in Q4 FY 12; and 1.65% in Q1 FY 12.

Public Shareholding in the Bank stands at   96.85%.

52 week high/low price : Rs.443.00/Rs.315.00

CURRENT Market Price : Rs.416.40

Some of its earlier Corporate Actions are Given Below :-

Ex-Date                       Purpose         
 19-Jul-2012   :          ANNUAL GENERAL METING / DIVIDEND RS. 14 PER SHARE   
 21-Jul-2011   :          DIVIDEND-RS.12/- PER SHARE      
 17-Feb-2011 :          RIGHTS 2:5 @ PREMIUM RS.140/- PER SHARE   
 16-Sep-2010 :          BONUS 2:5    
 14-Jul-2010   :          DIVIDEND-RS.12/- PER SHARE


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