Tuesday, January 15, 2013

SOUTH INDIAN BANK LTD - RESULTS - FOR Q3 FY 2012-13 - Qtr/E DEC,2012 - net profit up 25.44% YoY - good performance




SOUTH INDIAN BANK LTD
Dr.V.A.Joseph, CEO & MD

RESULTS FOR Q3 FY 2012-13
Q/E DEC,2012

SOUTH INDIAN BANK has declared its results for the third quarter ending December, 2012.

Total Income      for Q3 FY 13 stands at Rs.1193.91 Cr; compared to Rs.1144.53 Cr  in Q2 FY 13 (+4.31%); and Rs.1003.47 Cr (+18.98%) in Q3 FY 12.

Total Expenditure       for Q3 FY 13 stands at Rs.958.55 Cr; compared to Rs.944.89 Cr  in Q2 FY 13 (+1.45%); and Rs.824.47 Cr in Q3 FY 12 (+16.26%).

Profit before Interest, Dep. & Taxes      for Q3 FY 13 stands at Rs.235.36 Cr; compared to Rs.199.64 Cr  in Q2 FY 13 (+17.89%); and Rs.179.00 Cr in Q3 FY 12 (+31.49%).

Net Profit   for Q3 FY 13 stands at Rs.128.25 Cr; compared to Rs.97.15 Cr  in Q2 FY 13 (+32.01%); and Rs.102.24 Cr in Q3 FY 12 (+25.44%)

Diluted EPS        for Q3 FY 13 stands at Rs.0.95; Cr; compared to Rs.0.81 in Q2 FY 13; and Rs.0.9 in Q3 FY 12.

Interest on Advances for Q3 FY 13 stands at Rs.923.88 Cr; compared to Rs.850.94 Cr  in Q2 FY 13 (+8.57%); and Rs.752.96 Cr in Q3 FY 12 (+22.7%)

Income on Investments        for Q3 FY 13 stands at Rs.183.31 Cr; compared to Rs.184.59 Cr  in Q2 FY 13 (-0.69%); and Rs.161.15 Cr in Q3 FY 12 (+13.75%)

Income on Balances With RBI      for Q3 FY 13 stands at Rs.20.56 Cr; compared to Rs.36.17 Cr  in Q2 FY 13 (-43.16%); and Rs.29.50 Cr in Q3 FY 12 (-30.31%)

Interest Earned  for Q3 FY 13 stands at Rs.1127.75 Cr; compared to Rs.1071.70 Cr  in Q2 FY 13 (+5.23%); and Rs.943.61 Cr in Q3 FY 12 (+19.51%)

Other Income     for Q3 FY 13 stands at Rs.66.16 Cr; compared to Rs.72.83 Cr  in Q2 FY 13 (-9.16%); and Rs.59.86      Cr in Q3 FY 12 (+10.52%)

Total Income      for Q3 FY 13 stands at Rs.1193.91 compared to Rs.1144.53 Cr  in Q2 FY 13 (+4.31%); and Rs.1003.47 Cr in Q3 FY 12 (+18.98%).

Interest Expended       for Q3 FY 13 stands at Rs.775.13 compared to Rs.773.97 Cr  in Q2 FY 13 (+0.15%); and Rs.670.17 Cr in Q3 FY 12 (+15.66%)

Employees Cost for Q3 FY 13 stands at Rs.108.20 compared to Rs.101.45 Cr  in Q2 FY 13 (+6.65%); and Rs.89.31 Cr in Q3 FY 12 (+21.15%)

Other Operating Expenses for Q3 FY 13 stands at Rs.75.22 compared to Rs.69.47 Cr  in Q2 FY 13 (+8.28%); and Rs.64.99 Cr in Q3 FY 12 (+15.74%)

Operating Expenses   for Q3 FY 13 stands at Rs.183.42          compared to Rs.170.92 Cr  in Q2 FY 13 (+7.31%); and Rs.154.30 Cr in Q3 FY 12 (+18.87%)

Total Expenditure excl. provisions       for Q3 FY 13 stands at Rs.958.55 compared to Rs.944.89 Cr  in Q2 FY 13 (+1.45%); and Rs.824.47 Cr in Q3 FY 12 (+16.26%).

Operating Profit          for Q3 FY 13 stands at Rs.235.36 compared to Rs.199.64 Cr  in Q2 FY 13 (+17.89%); and Rs.179.00 Cr in Q3 FY 12 (+31.49%)

Provisions          for Q3 FY 13 stands at Rs.45.99 compared to Rs.23.74 Cr  in Q2 FY 13 (+93.72%); and Rs.22.19 Cr in Q3 FY 12 (+107.26%)

Profit before tax for Q3 FY 13 stands at Rs.189.87 compared to Rs.143.68 Cr  in Q2 FY 13 (+32.15%); and Rs.156.81 Cr in Q3 FY 12 (+21.08%).

Tax Expense for Q3 FY 13 stands at Rs.61.62 compared to Rs.46.53 Cr in Q2 FY 13 (+32.43%); and compared to Rs.54.57 Cr in Q3 FY 12 (+12.92%)

Net Profit   for Q3 FY 13 stands at Rs.128.25          compared to Rs.97.15 in Q2 FY 13 (+32.01%); and Rs.102.24 Cr in Q3 FY 12 (+25.44%).

Face Value of the share is Rs.1; and  Paid-up Equity stands at Rs.133.62 Cr.

Capital Adequacy Ratio for Q3 FY 13 stands at 13.85%

Basic EPS           for Q3 FY 13 stands at Rs.0.96; compared to Rs.0.82 in Q2 FY 13; and Rs.0.9 in Q3 FY 12.

Diluted EPS for Q3 FY 13 stands at Rs.0.95; compared to Rs.0.81 in Q2 FY 13; and Rs.0.9 in Q3 FY 12.

Gross/Net NPA for Q3 FY 13 stands at Rs.196.62 compared to Rs.241.88 Cr in Q2 FY(-18.71%); and Rs.58.13 Cr in Q3 FY 12 (+238.24%).

% of Gross/Net NPA for Q3 FY 13 stands at 0.68%; compared to 0.86% in Q2 FY 13; and 0.24% in Q3 FY 12.

Return on Assets for Q3 FY 13 stands at 1.19%; against 0.92% in Q2 FY 13; and 1.11% in Q3 FY 12.

Public holding in the Bank is 100%.

For the nine months ending December 2012, the bank recorded a net profit of Rs 348.45 crore as against Rs 279.70 crore for the same period of FY 2012, a growth of 24.58 %, informed bank's MD and CEO V A Joseph.

The bank's business increased from Rs 58,884 cr to Rs 68,490 cr YoY, a growth of 16.31 % during last 9 months.

Total deposit has gone up from Rs 33,834 Cr to Rs 38,940 Cr; & advances increased from Rs 25,050 Cr to Rs 29,550 Cr

CASA (current account savings account deposits) has increased by 9.31 % to Rs 7,958 Cr from Rs 7,280 Cr in the year-ago period.

The total number of branches is now 741 as on December, 2012 against 674 the previous year.

The CEO &MD has expressed confidence that the bank would be able to achieve total business target of Rs 75,000 crore, 750 branches and 800 ATMs by March this year.

The Bank has done well in the quarter and can be expected to improve further in coming Quarters.

RESULTS TABLE

south Ind Bnk
31-Dec-12
30-Sep-12
%Dif QoQ
31-Dec-11
%Dif YoY
Total Income
119391
114453
4.31
100347
18.98
Total Expenditure
95855
94489
1.45
82447
16.26
Profit before Intt, Dep. & Taxes
23536
19964
17.89
17900
31.49
Net Profit
12825
9715
32.01
10224
25.44
Diluted
0.95
0.81
17.28
0.9
5.56
Interest on Advances
92388
85094
8.57
75296
22.7
Income on Investments
18331
18459
-0.69
16115
13.75
Income on Balances With RBI
2056
3617
-43.16
2950
-30.31
Interest Earned
112775
107170
5.23
94361
19.51
Other Income
6616
7283
-9.16
5986
10.52
Total Income
119391
114453
4.31
100347
18.98
Interest Expended
77513
77397
0.15
67017
15.66
Employees Cost
10820
10145
6.65
8931
21.15
Other Operating Expenses
7522
6947
8.28
6499
15.74
Operating Expenses
18342
17092
7.31
15430
18.87
Total Expenditure excl. provisions
95855
94489
1.45
82447
16.26
Operating Profit
23536
19964
17.89
17900
31.49
Provisions
4599
2374
93.72
2219
107.26
Exceptional Items
-50
3222
-101.55
-
#VALUE!
Profit before tax
18987
14368
32.15
15681
21.08
Tax Expense
6162
4653
32.43
5457
12.92
Net Profit
12825
9715
32.01
10224
25.44
Face Value (Rs)
1
1
0
1
0
Paid-up Equity
13362
13355
0.05
11301
18.24
Capital Adequacy Ratio
13.85
14.43
-4.02
10.91
26.95
Basic EPS
0.96
0.82
17.07
0.9
6.67
Diluted EPS
0.95
0.81
17.28
0.9
5.56
Gross/Net NPA
19662
24188
-18.71
5813
238.24
% of Gross/Net NPA
0.68
0.86
-20.93
0.24
183.33
Return on Assets
1.19
0.92
29.35
1.11
7.21
Public holding (%)
100
100
0
0



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1 comment:

  1. Thanks for providing such a kind of Information Sarkari Result I want you to continue this daily

    ReplyDelete