Federal Bank Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
Federal Bank has announced its Q4FY12 along with Annual FY12 result on 11th May 2012.
On the quarterly basis, the bank’s total income down by 2.13% QoQ and up by 10.69% YoY to INR651.76 crores. Profit After Tax (PAT) increased by 17.70% QoQ and 38.36% YoY to INR237.60 crores mainly because of decline in provision by 86.54% QoQ and 80.47% YoY to INR15.51 crores. For the whole year of FY12, the bank’s total income increased by 10.65% YoY to INR2507.24 crores whereas, Profit After Tax (PAT) increased by 35.45% YoY to INR753.72 crores.
The Bank has reported a growth in advances by 13.70% QoQ and 18.16% YoY to INR37755.99 crores and a growth in deposits by 4.70% QoQ and 13.77% YoY to INR48937.12 crores. On the assets quality front, the bank’s NNPA and GNPA stood at 0.53% and 3.53%, improved by 21 and 62bps QoQ and 7 and 14bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 16.64%, which is 7.64% higher than the regulator’s stipulated norm of 9%.
The Board of Directors have recommended a dividend of 90% i.e. Rs.9 per equity share for the year ended 31st March 2012 (Previous year dividend was 85% i.e. Rs.8.50 per share).
|
Federal Bank Q4FY12 Result-[INR-Crores] |
Consolidated |
|||||||
|
DESCRIPTION |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ% |
YoY% |
FY12 |
FY11 |
YoY% |
|
Interest Earned |
1479.02 |
1466.83 |
1100.02 |
0.83 |
34.45 |
5581.72 |
4052.03 |
37.75 |
|
Interest Expended |
987.81 |
938.80 |
652.38 |
5.22 |
51.42 |
3606.68 |
2304.49 |
56.51 |
|
NII |
491.21 |
528.03 |
447.64 |
-6.97 |
9.73 |
1975.04 |
1747.54 |
13.02 |
|
Other Income |
160.55 |
137.93 |
141.19 |
16.40 |
13.71 |
532.2 |
518.33 |
2.68 |
|
Total Income |
651.76 |
665.96 |
588.83 |
-2.13 |
10.69 |
2507.24 |
2265.87 |
10.65 |
|
Operating Expenses |
279.33 |
247.24 |
238.61 |
12.98 |
17.07 |
1008.06 |
836.54 |
20.50 |
|
Operating Profit before Prov.& Cont. |
372.43 |
418.72 |
350.22 |
-11.06 |
6.34 |
1499.18 |
1429.33 |
4.89 |
|
Provisions and Contingencies |
15.51 |
115.25 |
79.42 |
-86.54 |
-80.47 |
352.66 |
557.45 |
-36.74 |
|
PBT |
356.92 |
303.47 |
270.80 |
17.61 |
31.80 |
1146.52 |
871.88 |
31.50 |
|
Tax |
119.32 |
101.60 |
99.08 |
17.44 |
20.43 |
392.80 |
315.42 |
24.53 |
|
Profit After Tax |
237.60 |
201.87 |
171.72 |
17.70 |
38.36 |
753.72 |
556.46 |
35.45 |
|
Adj Calculated EPS |
13.89 |
11.80 |
10.04 |
17.71 |
38.35 |
44.06 |
32.53 |
35.44 |
|
Advances |
37755.99 |
33206.07 |
31953.23 |
13.70 |
18.16 |
37755.99 |
31953.23 |
18.16 |
|
Deposits |
48937.12 |
46742.46 |
43014.78 |
4.70 |
13.77 |
48937.12 |
43014.78 |
13.77 |
|
|
Q4'12 |
Q3'12 |
Q4'11 |
QoQ (bps) |
YoY(bps) |
FY12 |
FY11 |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
16.64% |
15.91% |
16.79% |
73 |
-15 |
16.64% |
16.79% |
-15 |
|
% of Net NPAs |
0.53% |
0.74% |
0.60% |
-21 |
-7 |
0.53% |
0.60% |
-7 |
|
% of Gross NPAs |
3.35% |
3.97% |
3.49% |
-62 |
-14 |
3.35% |
3.49% |
-14 |
|
C/D ratio |
77.15% |
71.04% |
74.28% |
611 |
287 |
77.15% |
74.28% |
287 |
|
C/I Ratio |
42.86% |
37.13% |
40.52% |
573 |
234 |
40.21% |
36.92% |
329 |
|
OI/TI |
57.14% |
62.87% |
59.48% |
-573 |
-234 |
59.79% |
63.08% |
-329 |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai