SOUTH INDIAN BANK LIMITED
Q1 FY 2013-14 RESULTS
South
Indian Bank’s performance in Q1 FY 13-14 is presented in the table below.
While
the Total Income has gone up by 4.39% QoQ and by 17.34% YoY, the total
expenditure has gone up by 1.02% and 16.48% respectively.
Provisions
have gone up by a Huge 59.89 % QoQ
and 314.93% YoY.
Tax
Expense has also gone up to Rs.3137 cr; from (-)Rs.13.62 cr of previous Qtr;
and down from Rs.59.06Cr in same Qtr
last year.
As
a result of these two aspects, Net Profit stands at Rs.114.84 cr in Q1 FY 14; compared
to Rs.153.83 cr (-25.35%) in previous qtr and compared to Rs.123.04 cr (-6.66%)
in corresponding Qtr of last year.
Net
NPAs have gone up to Rs.348.40 cer in Q1 FY 14 compared to Rs.249.53 cr (+ 39.62%) in previous qtr and Rs.95.15 cr (+266.16%)
in corresponding Qtr of last year.
Performance
has slipped during the first Quarter, mainly because of the NPAs and partly due
to Higher tax.
RESULTS TABLE
|
south Ind Bank
|
30-Jun-13
|
31-Mar-13
|
Dif% QoQ
|
31-Dec-12
|
30-Sep-12
|
30-Jun-12
|
DIF % YoY
|
|
Interest on Advances
|
96623
|
94314
|
2.45
|
92388
|
85094
|
85798
|
12.62
|
|
Income on Investments
|
21942
|
19709
|
11.33
|
18331
|
18459
|
18140
|
20.96
|
|
Income on Balances With RBI
|
3949
|
2518
|
56.83
|
2056
|
3617
|
3005
|
31.41
|
|
Interest Earned
|
122514
|
116541
|
5.13
|
112775
|
107170
|
106943
|
14.56
|
|
Other Income
|
11774
|
12096
|
-2.66
|
6616
|
7283
|
7498
|
57.03
|
|
Total Income
|
134288
|
128637
|
4.39
|
119391
|
114453
|
114441
|
17.34
|
|
Interest Expended
|
89757
|
83171
|
7.92
|
77513
|
77397
|
77265
|
16.17
|
|
Employees Cost
|
11716
|
16269
|
-27.99
|
10820
|
10145
|
10017
|
16.96
|
|
Other Operating Expenses
|
7659
|
8587
|
-10.81
|
7522
|
6947
|
6410
|
19.49
|
|
Operating Expenses
|
19375
|
24856
|
-22.05
|
18342
|
17092
|
16427
|
17.95
|
|
Total Expenditure
|
109132
|
108027
|
1.02
|
95855
|
94489
|
93692
|
16.48
|
|
Operating Profit
|
25156
|
20610
|
22.06
|
23536
|
19964
|
20749
|
21.24
|
|
Provisions
|
10535
|
6589
|
59.89
|
4599
|
2374
|
2539
|
314.93
|
|
Exceptional Items
|
0
|
0
|
-50
|
3222
|
-
|
||
|
Profit before tax
|
14621
|
14021
|
4.28
|
18987
|
14368
|
18210
|
-19.71
|
|
Tax Expense
|
3137
|
-1362
|
-330.32
|
6162
|
4653
|
5906
|
-46.88
|
|
Net Profit
|
11484
|
15383
|
-25.35
|
12825
|
9715
|
12304
|
-6.66
|
|
Face Value of Share (in )
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
|
Paid-up Equity
|
13403
|
13385
|
0.13
|
13362
|
13355
|
11350
|
18.09
|
|
Capital Adequacy Ratio
|
13.66
|
13.91
|
-1.8
|
13.85
|
14.43
|
13.16
|
3.8
|
|
Basic EPS
|
0.86
|
1.15
|
-25.22
|
0.96
|
0.82
|
1.08
|
-20.37
|
|
Diluted EPS
|
0.85
|
1.14
|
-25.44
|
0.95
|
0.81
|
1.07
|
-20.56
|
|
Net NPA
|
34840
|
24953
|
39.62
|
19662
|
24188
|
9515
|
266.16
|
|
% of Net NPA
|
1.12
|
0.78
|
43.59
|
0.68
|
0.86
|
0.35
|
220
|
|
Return on Assets
|
0.94
|
1.35
|
-30.37
|
1.19
|
0.92
|
-
|
|
|
Public Shareholding (%)
|
100
|
100
|
0
|
100
|
100
|
100
|
0
|
*
* * E
N D *
* *
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