FEDERAL BANK - FIRST QUARTER RESULTS - Q1 FY 2013 - TOTAL INCOME UP 22%YoY; NPT UP 30% YoY; NPAs REASONABLY LOW.

FEDERAL BANK

FIRST QUARTER RESULTS

Q1 FY 2013

FEDERAL BANK has declared Good Results for the first Quarter ending June,2012.

Total Income stands at Rs.1661.04 Cr; compared to Rs.1639.57 Cr in Q4 FY 12 ( up 1.31% QoQ) ; and Rs.1361.61 Cr in Q1 FY 12 ( up 21.99% YoY).

Net Profit stands at Rs.190.35 Cr; compared to Rs.237.60 Cr in Q4 FY 12 (down -19.89% QoQ) ; and Rs.146.16 Cr in Q1 FY 12 ( up 30.23% YoY).

Diluted EPS stands at Rs.11.13; compared to Rs.13.89 in Q4 FY 12; and Rs.8.54 in Q1 FY 12.

Net Interest Income stands at Rs.491.64 Cr; compared to Rs.491.21 Cr in Q4 FY 12 ( up 0.09% QoQ) ; and Rs.459.75 Cr in Q1 FY 12 ( up 6.94% YoY).

% of Gross/Net NPA stands at 0.62% ;compared to 0.53% in Q4 FY 12; and 0.74% in Q1 FY 12.

52 week high/low price : 474.90/322.25

CURRENT PRICE : Rs.416.20;

The other details can be seen in the Table below :

FEDERAL BANK	30-Jun-12	31-Mar-12	QoQ Dif%	30-Jun-11	YoY Dif%
Total Income	166104	163957	1.31	136161	21.99
Total Expenditure	131453	126714	3.74	100756	30.47
Profit before Interest, Dep. & Taxes	34651	37243	-6.96	35405	-2.13
Net Profit	19035	23760	-19.89	14616	30.23
Diluted EPS	11.13	13.89	-19.87	8.54	30.33
Interest on Advances	116333	107846	7.87	97702	19.07
Income on Investments	35516	37827	-6.11	25979	36.71
Income on Balances With RBI	1671	1284	30.14	617	170.83
Others	151	945	-84.02	173	-12.72
Interest Earned	153671	147902	3.9	124471	23.46
Other Income	12433	16055	-22.56	11690	6.36
Total Income	166104	163957	1.31	136161	21.99
Interest Expended	104507	98781	5.8	78496	33.14
Net Interest Income	49164	49121	0.09	45975	6.94
Employees Cost	15238	14620	4.23	13095	16.37
Other Operating Expenses	11708	13313	-12.06	9165	27.75
Operating Expenses	26946	27933	-3.53	22260	21.05
Total Expenditure(Excl.provisions)	131453	126714	3.74	100756	30.47
Operating Profit	34651	37243	-6.96	35405	-2.13
Provisions	6278	1551	304.77	13402	-53.16
Profit before tax	28373	35692	-20.51	22003	28.95
Tax Expense	9338	11932	-21.74	7387	26.41
Net Profit	19035	23760	-19.89	14616	30.23
Face Value of Share (in Rs. )	10	10	0	10	0
Paid-up Equity	17105	17105	0	17105	0
Capital Adequacy Ratio	13.55	13.83	-2.02	14.54	-6.81
Diluted EPS	11.13	13.89	-19.87	8.54	30.33
Gross/Net NPA	23616	19900	18.67	23577	0.17
% of Gross/Net NPA	0.62	0.53	16.98	0.74	-16.22
Return on Assets	0.32	0.41	-21.95	0.29	10.34
Public Shareholding (%)	97.63	97.58	0.05	98.1	-0.48

*  *  *  E  N  D  *  *  *

PETRONET LNG LIMITED - FIRST QUARTER RESULTS - Q1 FY 2013 - NET SALES UP51.25% YoY; NET PROFITS UP 5.51%YoY; FUTURE PLANS IMPRESSIVE

PETRONET LNG LIMITED

FIRST QUARTER RESULTS

Q1 FY 2013

Petronet LNG is formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players. Its promoters are GAIL (India) Limited , Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). Public shareholding in the company is 50%.

Petronet LNG’s results for Quarter ending June 2012 are in the table below  (Rs.in Lakhs):

As we can see, Net Sales have risen 10.6% QoQ and 51.25% YoY – which is very impressive.

Net profit has risen by 15.14%QoQ but only by 5.51% YoY, due to Higher all round expenditure.

The 52 week high/low price : 185.80/122.00

Current MP = Rs.147. Annualised EPS is around 14.44.PE is around 10.18. Its Kochi terminal is expected to be operational in about 5 months. So, higher sales will result from the Kochi Terminal during current year (FY 13) fourth quarter onwards.

Petronet LNG	30-Jun-12	31-Mar-12	QoQ dif%	30-Jun-11	YoY Dif %
Net Sales	699292	632277	10.6	462330.5	51.25
Total Expenditure	661923	599823	10.35	423096.64	56.45
Profit  before Interest, Dep. & Taxes	37369	32454	15.14	39233.86	-4.75
Net Profit	27085	24512	10.5	25670.71	5.51
Diluted EPS	3.61	3.27	10.4	3.42	5.56
Net Sales	699292	632277	10.6	462330.5	51.25
Cost of materials	643280	593930	8.31	413305.87	55.64
Other expenses	13343	233	5626.61	4570.82	191.92
Total expenses	661923	599823	10.35	423096.64	56.45
Profit before tax	40485	36512	10.88	37220.71	8.77
Tax Expenses	13400	12000	11.67	11550	16.02
Net Profit	27085	24512	10.5	25670.71	5.51
Face Value of Share (in )	10	10	0	10	0
Paid-up Equity	75000	75000	0	75000	0
Diluted EPS	3.61	3.27	10.4	3.42	5.56
Public Shareholding (%)	50	50	0	50	0

NEWS ABOUT PLL :

Petronet LNG Limited and Gangavaram Port Limited sign term sheet for developing LNG Terminal at Gangavaram Port in Andhra Pradesh :  Dated 02 May 2012

Petronet LNG Limited (PLL) and Gangavaram Port Limited (GPL) signed a firm and binding term sheet for developing a land based Liquified Natural Gas (LNG) Terminal at Gangavaram Port, Andhra Pradesh with a capacity of 5.0 Million Metric Tonnes Per Annum (MMTPA).

The LNG Terminal at Gangavaram Port will comprise of facilities for receiving, storage and regasification of LNG and will be developed with an approximate investment of Rs 4500 Crores. This will be the third LNG terminal of PLL, the other two being – an operational 10.0 MMTPA terminal at Dahej, Gujarat and 5.0 MMTPA terminal at Kochi, Kerala which is likely to become operation in next six months. The terminal at Gangavaram Port will have the provision for further expansion like the flag-ship Dahej LNG Terminal of PLL.

The Gangavaram LNG Terminal will help meet the growing energy demand of the State of Andhra Pradesh and will also cater to the increasing gas requirements of eastern and central part of India. At its full operational capacity the terminal is likely to contribute over Rs. 2,000 crores as Value Added Tax ("VAT") to the State Government of Andhra Pradesh.

Speaking on the occasion, Dr. Balyan, MD & CEO, PLL said, "The construction work on the terminal is expected to start within a year and it shall be ready to commence operations by the Year 2016. We are eager to have our presence on the east coast and are exploring various possible options to bring gas earlier than 2016 at Gangavaram Port."

 *  *  *  E  N  D  *  *  *

SUNDARAM FINANCE LIMITED - FIRST QUARTER RESULTS - Q1 FY 2013 - NET SALES UP 21% YoY; NPT UP 26% YoY;

SUNDARAM FINANCE LIMITED

FIRST QUARTER RESULTS

Q1 FY 2013

Chennai based Sundaram Finance has reported a Net profit increase of 26% to Rs.94.8 Cr from Rs.75.36 Cr YoY.

Disbursements for Q1 FY13 went up 31% to Rs.2413 Cr from Rs.1845 Cr in Q1 FY 12.

Gross NPAs are at 0.73% and net NPAs are at 0.18%.

The Results details are in the Table below :

52 week high/low price : 769.95/486.00

CURRENT MP : Rs.745.

Sundaram Finance	30-Jun-12	31-Mar-12	QoQ Dif%	30-Jun-11	YoY Dif %
Net Sales	47156.86	46771.51	0.82	38907.22	21.2
Total Expenditure	10658.71	10506.69	1.45	8377.83	27.23
Profit before Interest, Dep. & Taxes	36498.15	36264.82	0.64	30529.39	19.55
Net Profit	9480.85	9821.44	-3.47	7536.31	25.8
Diluted EPS	17.07	17.68	-3.45	13.57	25.79
Net Sales	47156.86	46771.51	0.82	38907.22	21.2
Employee benefits	4024.02	3891.27	3.41	3412.75	17.91
Depreciation	1736.72	1728.64	0.47	1483.62	17.06
Other expenses	4897.97	4886.78	0.23	3481.46	40.69
Total expenses	10658.71	10506.69	1.45	8377.83	27.23
Profit before tax	13774.31	14247.28	-3.32	10846.74	26.99
Tax Expenses	4293.46	4425.84	-2.99	3310.43	29.69
Net Profit	9480.85	9821.44	-3.47	7536.31	25.8
Face Value of Share (in )	10	10	0	10	0
Paid-up Equity	5555.19	5555.19	0	5555.19	0
Diluted EPS	17.07	17.68	-3.45	13.57	25.79
Public Shareholding (%)	60.96	60.95	0.02	58.57	4.08

*  *  *  E   N   D  *  *  *