FEDERAL
BANK
 |
| SHYAM SRINIVASAN, MD & CEO |
RESULTS FOR Q3 FY 2012-13
Q/E DECEMBER,2012
FEDERAL
BANK has declared moderate results for the third quarter
ending December, 2012.
Total
Income for Q3 FY 2013 stands at Rs.1725.62 Cr; compared to
Rs.1665.04 Cr in Q2 FY 12 (+3.64%); and Rs.1604.76 Cr in Q3 FY 12 (+7.53%).
Total
Expenditure for Q3 FY 2013 stands at Rs.1331.68 Cr; compared to
Rs.1315.40 Cr in Q2 FY 12 (+1.24%); and Rs.1186.04 Cr in Q3 FY 12 (+12.28%). On
a YoY basis, the total expenditure has increased more than proportionately,
compared to total Income.
Profit
before Interest, Dep. & Taxes for
Q3 FY 2013 stands at Rs.393.94 Cr; compared to Rs.349.64 Cr in Q2 FY 12 (+12.67%);
and Rs.418.72 Cr in Q3 FY 12 (-5.92%). PBIDT has actually fallen on YoY basis.
Net Profit for Q3 FY 2013 stands at Rs.210.78 Cr;
compared to Rs.215.10 Cr in Q2 FY 12 (-2.01%); and Rs.201.87 Cr in Q3 FY 12 (+ 4.41%). At Net level, there is decrease on
QoQ basis, but moderate rise on YoY basis.
Diluted EPS for Q3 FY 2013 stands at Rs.12.32; compared
to Rs.12.58 in Q2 FY 13 and Rs.11.8 in Q3 FY 12.
Interest on
Advances for Q3 FY 2013 stands
at Rs.1150.91 Cr; compared to Rs.1153.00 Cr
in Q2 FY 12 (-0.18%); and Rs.1084.23 Cr in Q3 FY 12 (+6.15%). No significant
improvement in Interest on Advances is seen.
Income on
Investments for Q3 FY
2013 stands at Rs.358.23 Cr; compared to Rs.354.18 Cr in Q2 FY 12 (+1.14%); and Rs.367.44 Cr in Q3 FY 12 (-2.51%).
Income on Investments also has not shonw any improvement.
Income on
Balances With RBI for
Q3 FY 2013 stands at Rs.11.48 Cr; compared to Rs.12.78 Cr in Q2 FY 12 (-10.17%);
and Rs.10.18 Cr in Q3 FY 12 (+12.77%).
Interest Earned for Q3 FY 2013 stands at Rs.1521.77 Cr;
compared to Rs.1525.63 Cr in Q2 FY 12 (-0.25%);
and Rs.1466.83 Cr in Q3 FY 12 (+3.75%). Overall Interest earned is stagnant.
Other
Income for Q3 FY 2013 stands at
Rs.203.85 Cr; compared to Rs.139.41 Cr
in Q2 FY 12 (+46.22%); and Rs.137.93 Cr in Q3 FY 12 (+47.79%). Other income
only has seen a significant boost.
Total
Income for Q3 FY 2013 stands
at Rs.1725.62 Cr; compared to Rs.1665.04 Cr in Q2 FY 12 (+3.64%); and Rs.1604.76
Cr in Q3 FY 12 (+7.53%). Other income increase has resulted in positive
improvement QoQ and YoY.
Interest
Expended for Q3 FY 2013
stands at Rs.1024.42 Cr; compared to Rs.1019.72 Cr
in Q2 FY 12 (+0.46%); and Rs.938.80 Cr in Q3 FY 12 (+9.12%).
Employees
Cost for Q3 FY 2013
stands at Rs.163.49 Cr; compared to Rs.159.44 Cr in Q2 FY 12 (+2.54%); and Rs.138.45
Cr in Q3 FY 12 (+18.09%).
Other
Operating Expenses for Q3
FY 2013 stands at Rs.143.77 Cr; compared to Rs.136.24 Cr in Q2 FY 12 (+5.53%);
and Rs.108.79 Cr in Q3 FY 12 (+32.15%).
Operating
Expenses for Q3 FY 2013
stands at Rs.307.26 Cr; compared to Rs.295.68 Cr in Q2 FY 12 (+3.92%); and Rs.247.24
Cr in Q3 FY 12 (+24.28%).
Total
Expenditure excluding provisions for
Q3 FY 2013 stands at Rs.1331.68 Cr; compared to Rs.1315.40 Cr in Q2 FY 12 (+1.24%);
and Rs.1186.04 Cr in Q3 FY 12 (+12.28%).
Operating
Profit for Q3 FY 2013
stands at Rs.393.94 Cr; compared to Rs.349.64 Cr in Q2 FY 12 (+12.67%); and Rs.418.72
Cr in Q3 FY 12 (-5.92%).Even at OPT level, profit is down YoY.
Provisions for Q3 FY 2013 stands at Rs.74.39 Cr;
compared to Rs.30.45 Cr in Q2 FY 12 (+144.3%); and Rs.115.25 Cr in Q3 FY 12 (-35.45%).
While QoQ, Provisions have gone up significantly, they are down YoY.
Profit before tax for Q3 FY 2013 stands at Rs.319.55 Cr; compared to Rs.319.19 Cr in Q2 FY 12 (+0.11%); and Rs.303.47 Cr
in Q3 FY 12 (+5.3%). PBT is positive due to lower provisions YoY.
Tax Expense for Q3 FY 2013 stands at Rs.108.77 Cr;
compared to Rs.104.09 Cr in Q2 FY 12 (+4.5%); and Rs. 101.60 Cr in Q3 FY 12 (+7.06%).
Net
Profit for Q3
FY 2013 stands at Rs.210.78 Cr; compared to Rs.215.10 Cr in Q2 FY 12 (-2.01);
and Rs.201.87 Cr in Q3 FY 12 (+4.41%). Net Profit is static with no significant
rise at all. This is in contrast to the private Banks which have declared
results so far.
Face Value
of Share is Rs.10; & Paid-up Equity stands at Rs.171.05
Cr.
Capital
Adequacy Ratio at Q3 end stands at
13.17%; compared to 14.2% in Q2 FY 13; and 13.71% in Q3 FY 12.
Basic EPS for
Q3 FY 2013 stands at Rs.12.32; compared to Rs.12.58 in Q2 FY 13; and Rs.11.8 in Q3 FY 12.
Gross/Net
NPA for Q3 FY 2013 stands at Rs.362.04 Cr; compared to Rs.245.03 Cr in Q2 FY 12 (+47.75%); and Rs.243.64 Cr
in Q3 FY 12 (+48.6%). NPAs have gone up significantly during the quarter both
QoQ and YoY.
% of Gross/Net NPA for Q3 FY 2013 stands at 0.92%; and 0.68%
in Q2 FY 13; and 0.74% for Q3 FY 12.
Return on Assets for Q3 FY 2013 stands at 0.34%; and 0.36%
in Q2 FY 13; and 0.35% for Q3 FY 12
.
Public Shareholding in the Bank is 97.88%.
RESULTS TABLE
|
Federal
Bank
|
31-12-12
|
30-9-12
|
%dif
QoQ
|
30-6-12
|
31-3-12
|
31-12-11
|
%Dif YoY
|
|
Total Income
|
172562
|
166504
|
3.64
|
166104
|
163957
|
160476
|
7.53
|
|
Total Expenditure
|
133168
|
131540
|
1.24
|
131453
|
126714
|
118604
|
12.28
|
|
Profit before Interest,
Dep. & Taxes
|
39394
|
34964
|
12.67
|
34651
|
37243
|
41872
|
-5.92
|
|
Net Profit
|
21078
|
21510
|
-2.01
|
19035
|
23760
|
20187
|
4.41
|
|
Diluted EPS
|
12.32
|
12.58
|
-2.07
|
11.13
|
13.89
|
11.8
|
4.41
|
|
Interest on Advances
|
115091
|
115300
|
-0.18
|
116333
|
107846
|
108423
|
6.15
|
|
Income on Investments
|
35823
|
35418
|
1.14
|
35516
|
37827
|
36744
|
-2.51
|
|
Income on Balances With
RBI
|
1148
|
1278
|
-10.17
|
1671
|
1284
|
1018
|
12.77
|
|
Others
|
115
|
567
|
-79.72
|
151
|
945
|
498
|
-76.91
|
|
Interest Earned
|
152177
|
152563
|
-0.25
|
153671
|
147902
|
146683
|
3.75
|
|
Other Income
|
20385
|
13941
|
46.22
|
12433
|
16055
|
13793
|
47.79
|
|
Total Income
|
172562
|
166504
|
3.64
|
166104
|
163957
|
160476
|
7.53
|
|
Interest Expended
|
102442
|
101972
|
0.46
|
104507
|
98781
|
93880
|
9.12
|
|
Employees Cost
|
16349
|
15944
|
2.54
|
15238
|
14620
|
13845
|
18.09
|
|
Other Operating Expenses
|
14377
|
13624
|
5.53
|
11708
|
13313
|
10879
|
32.15
|
|
Operating Expenses
|
30726
|
29568
|
3.92
|
26946
|
27933
|
24724
|
24.28
|
|
Total Expenditure excl.
provisions
|
133168
|
131540
|
1.24
|
131453
|
126714
|
118604
|
12.28
|
|
Operating Profit
|
39394
|
34964
|
12.67
|
34651
|
37243
|
41872
|
-5.92
|
|
Provisions
|
7439
|
3045
|
144.3
|
6278
|
1551
|
11525
|
-35.45
|
|
Profit before tax
|
31955
|
31919
|
0.11
|
28373
|
35692
|
30347
|
5.3
|
|
Tax Expense
|
10877
|
10409
|
4.5
|
9338
|
11932
|
10160
|
7.06
|
|
Net Profit
|
21078
|
21510
|
-2.01
|
19035
|
23760
|
20187
|
4.41
|
|
Face Value of Share (Rs )
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid-up Equity
|
17105
|
17105
|
0
|
17105
|
17105
|
17105
|
0
|
|
Capital Adequacy Ratio
|
13.17
|
14.2
|
-7.25
|
13.55
|
13.83
|
13.71
|
-3.94
|
|
Basic EPS
|
12.32
|
12.58
|
-2.07
|
11.13
|
13.89
|
11.8
|
4.41
|
|
Gross/Net NPA
|
36204
|
24503
|
47.75
|
23616
|
19900
|
24364
|
48.6
|
|
% of Gross/Net NPA
|
0.92
|
0.68
|
35.29
|
0.62
|
0.53
|
0.74
|
24.32
|
|
Return on Assets
|
0.34
|
0.36
|
-5.56
|
0.32
|
0.41
|
0.35
|
-2.86
|
|
Public Shareholding (%)
|
97.88
|
97.72
|
0.16
|
97.63
|
97.58
|
97.75
|
0.13
|
* *
* E N
D * * *
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