BANK OF INDIA
RESULTS FOR Q3 FY 2012-13
Q/E DECEMBER,2012
Bank Of India has released its financial
results for the third quarter ending Dec,2012.
Total Income for
Q3 FY 13 stands at Rs.8959.83 Cr; compared to Rs.8899.55 Cr in Q2 FY 13; (+0.68%);
and Rs.8002.27 Cr in Q3 FY 13 (+11.97%).
Total Expenditure for Q3 FY 13 stands at Rs.7104.04 Cr;
compared to Rs.7045.49 Cr in Q2 FY 13; (+0.83%); and Rs.6270.38Cr in Q3 FY 13
(+13.3%).
Profit before Interest, Dep. & Taxes for Q3 FY 13 stands at Rs.1855.79 Cr; compared
to Rs.1854.06Cr in Q2 FY 13; (+0.09%); and Rs.1731.89 Cr in Q3 FY 13 (+7.15%).
Interest on Advances for Q3 FY 13 stands at Rs.5791.01
Cr; compared to Rs.5880.57 Cr in Q2 FY 13; (-1.52%); and Rs.5171.36Cr in Q3 FY 13 (+11.98%).
Income on Investments for Q3 FY 13 stands at Rs.1809.42 Cr; compared to Rs.1835.49
Cr in Q2 FY 13; (-1.42%); and Rs.1841.42 Cr
in Q3 FY 13 (-1.74%).
Income on Balances With RBI for Q3 FY 13 stands at
Rs.297.61 Cr; compared to Rs.289.19 Cr in Q2 FY 13; (+2.91 %); and Rs.182.43 Cr
in Q3 FY 13 (+63.14%).
Interest Earned for Q3 FY 13 stands at Rs.8022.69 Cr;
compared to Rs.8005.46 Cr in Q2 FY 13; (+0.22%); and Rs.7150.12 Cr in Q3 FY 12
(+12.2%).
Other Income for
Q3 FY 13 stands at Rs.937.14 Cr; compared to Rs.894.09 Cr in Q2 FY 13; (+4.81%);
and Rs.852.15 Cr in Q3 FY 13 (+9.97%).
Interest Expended for
Q3 FY 13 stands at Rs.5714.21 Cr; compared to Rs.5809.50 Cr in Q2 FY 13; (-1.64%);
and Rs.5082.57 Cr in Q3 FY
13 (+12.43%).
Net Interest income for
Q3 FY 13 stands at Rs.2308.48 Cr; compared to Rs.2195.96 Cr in Q2 FY 13; (+5.12 %); and Rs.2067.55 Cr in Q3 FY 13 (+11.65%).
Employees Cost for Q3 FY 13 stands at Rs.833.06 Cr; compared
to Rs.699.54 Cr in Q2 FY 13; (+19.09%); and Rs.758.90 Cr in Q3 FY 13 (+9.77%).
Other Operating Expenses for Q3 FY 13 stands at Rs.556.77 Cr; compared to Rs.536.45 Cr in
Q2 FY 13; (+3.79 %); and Rs.428.91 Cr in Q3 FY 13 (+29.81%).
Operating Expenses for
Q3 FY 13 stands at Rs.1389.83 Cr; compared to Rs.1235.99 Cr in Q2 FY 13; (+12.45 %); and Rs.1187.81 Cr in Q3 FY 13 (+17.01%).
Total Expenditure for Q3 FY 13 stands at Rs.7104.04 Cr; compared to Rs.7045.49 Cr
in Q2 FY 13; (+0.83 %); and Rs.6270.38 Cr
in Q3 FY 13 (+13.3%).
Operating Profit for
Q3 FY 13 stands at Rs.1855.79 Cr; compared to Rs.1854.06 Cr in Q2 FY 13; (+0.09%);
and Rs.1731.89 Cr in Q3 FY 13 (+7.15%).
Provisions for
Q3 FY 13 stands at Rs.915.78 Cr; compared to Rs.1552.11 Cr in Q2 FY 13; (-41 %); and Rs.693.07 Cr in Q3 FY 13 (+32.13%).
Profit before tax for
Q3 FY 13 stands at Rs.940.01 Cr; compared to Rs.301.95 Cr in Q2 FY 13; (+211.31%);
and Rs.1038.82 Cr in Q3 FY 13 (-9.51%). PBT has actually come down on YoY
basis, though it has gone up on QoQ basis that too due to lower provisions compared to previous Qtr only.
Tax Expense for
Q3 FY 13 stands at Rs.136.53 Cr; compared to Rs.0.10 Cr in Q2 FY 13; (+1364.30%);
and Rs.322.67 Cr in Q3 FY 13 (-57.69%).
Tax expense has come down On YoY basis significantly.
Net Profit for
Q3 FY 13 stands at Rs.803.48 Cr; compared to Rs.301.85 Cr in Q2 FY 13; (+166.19%);
and Rs.716.15 Cr in Q3 FY 13 (+12.19%). Net Profit is up 12% mainly due to
lower tax expense on YoY basis.
Face Value of Share is Rs.10; while Paid-up Equity is
Rs.574.52 Cr.
Capital Adequacy Ratio for Q3 FY 13 stands at 10.93% ; compared to 11.16% in Q2
FY13; and 11.14% in Q3 FY 13.
Basic EPS for
Q3 FY 13 stands at Rs.14; compared to Rs.5.26 in Q2 FY 13; and Rs.13.1 in Q3 FY
12. At this rate, annualized EPS is Rs.14 x 4
= Rs.56
Net NPA for
Q3 FY 13 stands at Rs.5455.48 Cr; compared to Rs.5228.32 Cr in Q2 FY 13; (-98.96%); and Rs.4093.09 Cr in Q3 FY 13 (+33.29%).
NPAs are still high.
% of Net NPA for Q3 FY 13 stands at 1.97% ; compared to 2.04%
in Q2 FY 13; and 1.78% in Q3 FY 12.
Return on Assets for Q3 FY 13 stands at 0.75%;
compared to 0.3% in Q2 FY 13; and 0.8%
in Q3 FY 12.
CASA stands at 33.84%;
Global Advances stands at Rs.280356 Cr.
Global Deposits stands at Rs.349117.1 cr.
Net Interest Margins stands at 2.55% for Dec,11
quarter, and 2.50% for Dec,12 quarter
Gross NPA % is 2.74 in Dec,11 and 3.08 in Dec,12; Gross
NPA Ratio dropped from 3.42% in Sep,12 to 3.08 in Dec,12.
Book Value stands at Rs.314.96 in Dec,11 and Rs.361.21
in Dec,12
CD Ratio stands at 75.87 % in Dec,11 and 80.30% in Dec,12.
Percentage of Restructured accounts has
increased from 16.95% in last quarter to 18.71% in current quarter. Overall,
Asset quality seems to be a concern even now.
Provision coverage Ratio stands at 60.87% in dec,11
and 60.74% in Dec,12.
Public Shareholding stands at 37.28%
Current
Market Price : Rs.365.45; The
PE Ratio works out to
6.53.
52 week high/low price : 408.00/253.30
RESULTS TABLE
|
Bank Of India
|
31-Dec-12
|
30-Sep-12
|
%Dif QoQ
|
30-Jun-12
|
31-Mar-12
|
31-Dec-11
|
%Dif YoY
|
|
Total Income
|
895983
|
889955
|
0.68
|
855003
|
877773
|
800227
|
11.97
|
|
Total Expenditure
|
710404
|
704549
|
0.83
|
687647
|
676313
|
627038
|
13.3
|
|
Profit before Interest, Dep. & Taxes
|
185579
|
185406
|
0.09
|
167356
|
201460
|
173189
|
7.15
|
|
Interest on Advancess
|
579101
|
588057
|
-1.52
|
554120
|
558690
|
517136
|
11.98
|
|
Income on Investments
|
180942
|
183549
|
-1.42
|
189621
|
181657
|
184142
|
-1.74
|
|
Income on Balances With RBI
|
29761
|
28919
|
2.91
|
27174
|
29830
|
18243
|
63.14
|
|
Interest Earned
|
802269
|
800546
|
0.22
|
770917
|
781062
|
715012
|
12.2
|
|
Other Income
|
93714
|
89409
|
4.81
|
84086
|
96711
|
85215
|
9.97
|
|
Total Income
|
895983
|
889955
|
0.68
|
855003
|
877773
|
800227
|
11.97
|
|
Interest Expended
|
571421
|
580950
|
-1.64
|
566562
|
530959
|
508257
|
12.43
|
|
Net Interest income
|
230848
|
219596
|
5.12
|
204355
|
250103
|
206755
|
11.65
|
|
Employees Cost
|
83306
|
69954
|
19.09
|
74321
|
86704
|
75890
|
9.77
|
|
Other Operating Expenses
|
55677
|
53645
|
3.79
|
46764
|
58650
|
42891
|
29.81
|
|
Operating Expenses
|
138983
|
123599
|
12.45
|
121085
|
145354
|
118781
|
17.01
|
|
Total Expenditure
|
710404
|
704549
|
0.83
|
687647
|
676313
|
627038
|
13.3
|
|
Operating Profit
|
185579
|
185406
|
0.09
|
167356
|
201460
|
173189
|
7.15
|
|
Provisions
|
91578
|
155211
|
-41
|
47223
|
70178
|
69307
|
32.13
|
|
Profit before tax
|
94001
|
30195
|
211.31
|
120133
|
131282
|
103882
|
-9.51
|
|
Tax Expense
|
13653
|
10
|
136430
|
31388
|
36009
|
32267
|
-57.69
|
|
Net Profit
|
80348
|
30185
|
166.19
|
88745
|
95273
|
71615
|
12.19
|
|
Face Value of Share (Rs )
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid-up Equity
|
57452
|
57452
|
0
|
574252
|
57452
|
54722
|
4.99
|
|
Capital Adequacy Ratio
|
10.93
|
11.16
|
-2.06
|
11.2
|
11.57
|
11.14
|
-1.89
|
|
Basic EPS
|
14
|
5.26
|
166.16
|
15.47
|
17.41
|
13.1
|
6.87
|
|
Net NPA
|
5455.48
|
522832
|
-98.96
|
441344
|
365642
|
4093.09
|
33.29
|
|
% of Net NPA
|
1.97
|
2.04
|
-3.43
|
1.69
|
1.47
|
1.78
|
10.67
|
|
Return on Assets
|
0.75
|
0.3
|
150
|
0.86
|
0.98
|
0.8
|
-6.25
|
|
Public Shareholding (%)
|
37.28
|
37.28
|
0
|
37.28
|
37.28
|
34.14
|
9.2
|
* *
* E N D *
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