ANDHRA BANK
RESULTS FOR Q2 FY 2012-13
Q/E DEC,2012.
ANDHRA
BANK has declared mediocre results for the third quarter
ending December, 2012.
Interest
on Advances for Q3 FY 2013 stands at Rs.2611.08 Cr; compared to Rs.2550.90 Cr
in Q2 FY 13 (+2.36%) ; and Rs. 2390.61Cr in Q3 FY 12 (9.22%).
Income on
Investments for Q3 FY 2013 stands at Rs.602.99 Cr; compared to Rs.602.27 Cr
in Q2 FY 13 (+0.12%) ; and Rs.498.63 Cr
in Q3 FY 12 (+20.93%).
Income on
Balances With RBI for Q3 FY 2013
stands at Rs.16.98 Cr; compared to Rs.27.34
Cr in Q2 FY 13 (-37.89%) ; and Rs.33.76 Cr
in Q3 FY 12 (-49.7%).
Interest
Earned for Q3 FY 2013 stands at Rs.3231.05 Cr; compared to Rs.3198.16 Cr in Q2 FY 13 (+1.03%) ; and Rs.2923.00 Cr in Q3
FY 12 (+10.54%).
Other
Income for Q3 FY 2013 stands at Rs.238.16 Cr; compared to Rs.219.46 Cr in
Q2 FY 13 (+8.52%) ; and Rs.235.26 Cr in Q3 FY 12 (+ 1.23%).
Total
Income for Q3 FY 2013 stands at Rs.3469.21 Cr; compared to Rs.3417.62 Cr in Q2
FY 13 (+1.51%) ; and Rs.3158.26 Cr in Q3 FY 12 (+ 9.85%).
Interest
Expended for Q3 FY 2013 stands at Rs.2259.67Cr; compared to Rs.2304.41Cr in Q2 FY 13 (-1.94%) ; and Rs.1939.15 Cr in Q3
FY 12 (+16.53%).
Employees
Cost for Q3 FY 2013 stands at Rs.312.06 Cr; compared to Rs.296.95 Cr in Q2
FY 13 (+5.09%) ; and Rs.284.70 Cr in Q3 FY 12 (+9.61%).
Other
Operating Expenses for Q3 FY 2013 stands at Rs.185.39 Cr;
compared to Rs.178.15 Cr in Q2 FY 13 (+4.06%) ; and Rs. 166.81 Cr in Q3 FY 12 (+11.14%).
Operating
Expenses for Q3 FY 2013 stands at Rs.497.45Cr; compared to Rs.475.10 Cr in Q2
FY 13 (+4.7%) ; and Rs.451.51 Cr in Q3 FY 12 (+10.17%).
Total
Expenditure excluding provisions for Q3 FY 2013 stands at Rs.2757.12 Cr;
compared to Rs.2779.51Cr in Q2 FY 13 (-0.81%) ; and Rs.2390.66 Cr in Q3
FY 12 (+15.33%).
Operating
Profit for Q3 FY 2013
stands at Rs.712.09 Cr; compared to Rs.638.11 Cr
in Q2 FY 13 (+11.59%) ; and Rs.767.60 Cr
in Q3 FY 12 (-7.23%).
Profit
before Interest, Dep. & Taxes for Q3 FY 2013 stands at Rs.712.09 Cr;
compared to Rs.638.11 Cr in Q2 FY 13 (+11.59%)
; and Rs.767.60 Cr in Q3 FY 12 (-7.23%).
Provisions
for
Q3 FY 2013 stands at Rs.285.00 Cr; compared to Rs.139.48 Cr in Q2 FY 13 (+ 104.33%); and Rs.309.43 Cr in
Q3 FY 12 (-7.9%).
Profit
before tax for Q3 FY 2013 stands at Rs.427.09Cr; compared to Rs.498.63 Cr in Q2 FY 13 (-14.35%) ; and Rs.458.17 Cr in Q3
FY 12 (-6.78%).
Tax
Expense for Q3 FY 2013 stands at Rs.170.00 Cr; compared to Rs.173.00 Cr in Q2 FY 13 (-1.73%) ; and Rs.155.00 Cr in Q3
FY 12 (+9.68%).
Net
Profit for Q3 FY
2013 stands at Rs.257.09 Cr; compared to Rs.325.63 Cr in Q2 FY 13 (-21.05%) ; and Rs.303.17 Cr in Q3 FY 12 (-15.2%).
Face
Value is Rs.10. Paid-up
Equity stands at Rs.559.58 Cr.
Capital
Adequacy Ratio for Q3 FY 2013 stands at 11.64%; compared to 12.15 % in Q2 FY 13;
and 12.08% in Q3 FY 12.
Basic EPS for Q3 FY 2013 stands at Rs.4.59;
compared to Rs.5.82 in Q2 FY 13; and Rs.5.42 in Q3 FY 12.
Gross/Net
NPA for Q3 FY 2013 stands at Rs.2023.32 Cr; compared to Rs.1830.59 Cr in Q2 FY 13 (+10.53%) ; and Rs.943.27 Cr in Q3
FY 12 (+114.5%).
% of Net
NPA for Q3 FY 2013 stands at 2.29%; compared to 2.16% in Q2 FY 13; and 1.21%
in Q3 FY 12.
Return on
Assets for Q3 FY 2013 stands at 0.79%; compared to 1.02% in Q2 FY 13; and
1.07% in Q3 FY 12.
Public
Shareholding stands at 42%
CURRENT MARKET PRICE : Rs.109.70
52 week high/low price : 138.45/87.60
for the Q3 FY 2012-13 and 9M
FY 2012-13 ended December 2012
TOTAL BUSINESS :
• Total Business of the Bank
stood at Rs 2,02,740 Crore, recording a Y-o-Y
growth of 14.0% over Rs 1,77,850
Crore at the end of Dec’11.
• Deposits at the end of Dec’12
stood at Rs 1,12,448 Crore as compared to
Rs 98,680 Crore at the end of
Dec’11, registering a Y-o-Y growth of 14.0%.
• Advances recorded a Y-o-Y
growth of 14.0% to reach Rs 90,29 2 Crore at the end of Dec’12 against Rs 79,169 Crore at the
end of Dec’11.
• CASA Deposits increased to Rs
29,265 Crore at the end of Dec’12 from
Rs 26,261 Crore at the end of
Dec’11, recording a Y-o-Y growth of 11.4%.
• CASA share in Total Deposits at
the end of Dec’12 stood at 26.0%.
INCOME
• Total Income during 9M FY’12-13 increased to Rs
10,244 Crore, recording a Y-o-Y growth of 14.2%.
• Other Income during 9M FY’12-13 increased to Rs
693 Crore, recording a Y-o-Y growth of 10% over 9M FY’11-12.
PROFIT
• Operating Profit for 9M FY’12-13
stood at Rs 2,054 Crore as against Rs 2,154 Crore during 9M FY’11-12.
• Net Profit for 9M FY’12-13 stood at
Rs 945 Crore as against Rs 1,005 Crore for 9M FY’11-12.
IMPORTANT RATIOS
• Gross NPA ratio stood at 3.66% while
Net NPA ratio stood at 2.29% for Dec’12
respectively.
• Net Interest Margin (NIM) stood at
3.35% for Q3 FY’12-13 and 3.27% for 9M FY’12-13.
• Return on Assets stood at 0.79% for
Q3 FY’12-13 and 0.99% for 9M of FY’12-13.
• Cost of Deposits stood at 7.77% for
Q3 FY’12-13 and 7.84% for 9M FY ’12- 13 respectively.
• Yield on Advances stood at 12.05%
for Q3 FY12’13 and 12.06% for 9M FY’12-13.
• Cost to Income ratio stood at 41.13%
for Q3 FY’12-13 and 41.28% for 9M FY’12-13.
• Earnings Per Share was at Rs 16.88
for the 9 month period ended Dec’12.
• Book Value per Share improved to Rs
145.16 in Dec’12 from Rs 126.02 in Dec’11.
• CRAR of the Bank stood at 11.86%
under BASEL-II (Tier-I Capital: 8.06%; Tier-II
Capital: 3.80%).
ASSET QUALITY
• Gross NPAs of the Bank stood at Rs
3301.96 Crore and the Gross NPAs to Gross Advances Ratio stood at 3.66% for the
period ended Dec’12.
·
Net NPAs stood at Rs 2023.32 Crore and the Net NPAs to
Net Advances Ratio stood at 2.29% for Dec’12.
DELIVERY CHANNELS
• During the Current FY, the Bank
has opened 104 Branches and added 116 ATMs taking the PAN India presence to
3,040 Delivery Channels consisting of 1,816 Branches, 15 Extension Counters, 37
Satellite Offices and 1,172 ATMs.
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