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
|
* *
* E N D *
* *
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