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
|
* *
* E N D *
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