Sunday, August 5, 2012

CITY UNION BANK - First Quarter Results - Q1 FY 2013 - Total Income up 36% YoY; NPT UP 26.28% YoY


CITY UNION BANK LTD

FIRST QUARTER RESULTS
Q1 FY 2013


CITY UNION BANK has declared good results for the First Quarter ending June,2012.
HIGH LIGHTS

Total Income for Q1 FY 13 stands at Rs.   566.90 Cr; up by 5.51% from Q4 FY 12 (Rs.537.32 Cr); and up by 35.94% from Q1 FY 2012 (Rs.417.02 Cr).

Total Expenditure for Q1 FY 13 stands at Rs.452.75 Cr; up by 7.01% from Q4 FY 12 (Rs.423.09 Cr); and up by 45.74% from Q1 FY 2012 (Rs.310.65 Cr).

Profit before Interest, Dep. & Taxes for Q1 FY 13 stands at Rs.114.15  Cr; up by -0.07    % from Q4 FY 12 (Rs.114.23 Cr); and up by  7.32% from Q1 FY 2012 (Rs.106.37 Cr).

Net Profit       for Q1 FY 13 stands at Rs.73.89 Cr; up by     2.65% from Q4 FY 12 (Rs.71.98 Cr); and up by     26.28% from Q1 FY2012 (Rs.58.51 Cr).

Diluted EPS  for Q1 FY 13 stands at Rs.1.79;compared to Rs.1.75 in Q4 FY 12; and Rs.1.43.



OTHER DETAILS

N. Kamakodi, Managing Director and CEO of CUB said the bank had fixed the rights issue size at Rs. 250 crore, and had submitted the proposal to the Securities and Exchange Board of India.

The net interest margin was 3.18 per cent for the quarter under reference. Mr. Kamokodi said he was hopeful of maintaining the net interest margin in the current quarter.

Total deposits of the bank rose by 25.23 per cent to Rs. 17,062 crore as on June 30, 2012, from Rs. 13,624 crore as on June 30, 2011. Advances went up by 33.17 per cent to Rs. 12,773 crore from Rs. 9,591 crore.

Total business registered a rise of 29 per cent at Rs. 29,835 crore against Rs. 23215 crore.

The gross NPA (non-performing assets) level declined to 1.07 per cent from 1.22 per cent, and the net NPA to 0.50 per cent from 0.51 per cent. The provision coverage ratio as on June 30, 2012, stood at 75 per cent.


RESULTS  TABLE


Indicating financials for Q1 FY 13; QoQ % difference compared to Q4 FY 12; Q4 FY 12 financials, YoY % dif and Q1 FY 12 financials under various heads.

% of Net NPA stands low at 0.5% in Q1 FY 13; compared to 0.44% in Q4 FY 12 and 0.51% in Q1 FY 12. Provisions have also come down well.

Return on Assets   is very Good at 1.62%. Overall, the Performance of the Bank is very Good.

city union bank
30-Jun-12
QoQ % dif
31-Mar-12
YoY % dif
30-Jun-11
Total Income
56690.4
5.51
53731.75
35.94
41701.98
Total Expenditure
45275.33
7.01
42308.97
45.74
31065.45
Profit before Interest, Dep. & Taxes
11415.07
-0.07
11422.78
7.32
10636.53
Net Profit
7388.93
2.65
7198.02
26.28
5851.19
Diluted EPS
1.79
2.29
1.75
25.17
1.43
Interest on Advances
41531.15
5.92
39211.71
37.86
30125.94
Income on Investments
8816.38
5.38
8365.89
27.79
6899.26
Income on Balances With RBI
73.54
124.28
32.79
-16.82
88.41
Interest Earned
50421.07
5.9
47610.39
35.86
37113.61
Other Income
6269.33
2.42
6121.36
36.64
4588.37
Total Income
56690.4
5.51
53731.75
35.94
41701.98
Interest Expended
36627
7.9
33945.28
45.87
25109.52
Employees Cost
3823.15
1.44
3768.74
30.83
2922.23
Other Operating Expenses
4825.18
5.01
4594.95
59.05
3033.7
Operating Expenses
8648.33
3.4
8363.69
45.21
5955.93
Total Expdr(excl.provisions)
45275.33
7.01
42308.97
45.74
31065.45
Operating Profit
11415.07
-0.07
11422.78
7.32
10636.53
Provisions
1776.14
-39.89
2954.76
-10.54
1985.34
Profit before tax
9638.93
13.83
8468.02
11.42
8651.19
Tax Expense
2250
77.17
1270
-19.64
2800
Net Profit
7388.93
2.65
7198.02
26.28
5851.19
Face Value  (Rs )
1
0
1
0
1
Paid-up Equity
4082.13
0
4082.13
0.37
4067.15
Capital Adequacy Ratio
12.01
-4.46
12.57
10.9
10.83
Basic EPS
1.81
2.26
1.77
25.69
1.44
Diluted EPS
1.79
2.29
1.75
25.17
1.43
Gross/Net NPA
6360.55
17.7
5404.1
30.13
4888.03
% of Gross/Net NPA
0.5
13.64
0.44
-1.96
0.51
 Return on Assets
-
1.62
1.57
Public Shareholding (%)
100
0
100
0
100


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