Re: {LONGTERMINVESTORS} Indus Ind Bank - Thread
RAJESH DESAI
Dear Sir/Madam,
IndusInd Bank Ltd has announced its Q2FY13 result on 10th October 2012.
The bank’s total income increased by 3.41% QoQ and 26.10% YoY to INR830.22 crores, driven by 21.60% and 33.98% YoY growth in its Net Interest Income (NII) and Other Income respectively. Whereas, the Profit After Tax (PAT) increased by 5.92% QoQ and 29.60% YoY to INR250.25 crores.
During the quarter, the bank's loans book and total deposits expanded by 30.83% and 24.49% YoY to INR39427 and INR47764 crores. On the assets quality front, the bank has improved its assets quality on yearly basis. The bank’s GNPA and NNPA decreased by 6bps and 2bps YoY respectively. The capital Adequacy Ratio (CAR) stood at 11.76%, which is 2.76% higher than the regulator stipulated norms. On the margin front, bank’s Net Interest Margin improved by 3bps sequentially and decreased by 10bps YoY to 3.25%. Moreover, CASA ratio improved by 14bps QoQ and 30bps YoY to 28%.
IndusInd Bank Ltd Quarterly-[INR-Crores] |
|
| |||
|
DESCRIPTION |
Q2'13 |
Q1'13 |
Q2'12 |
QoQ% |
YoY% |
|
Interest Earned |
1727.93 |
1632.04 |
1323.86 |
5.88 |
30.52 |
|
Interest Expended |
1218.20 |
1147.94 |
904.67 |
6.12 |
34.66 |
|
NII |
509.73 |
484.10 |
419.19 |
5.29 |
21.60 |
|
Other Income |
320.49 |
318.78 |
239.21 |
0.54 |
33.98 |
|
Total Income |
830.22 |
802.88 |
658.40 |
3.41 |
26.10 |
|
Operating Expenses |
410.40 |
398.85 |
325.42 |
2.90 |
26.11 |
|
Operating Profit before Prov.& Cont. |
419.82 |
404.03 |
332.98 |
3.91 |
26.08 |
|
Provisions and Contingencies |
49.07 |
53.50 |
46.97 |
-8.28 |
4.47 |
|
PBT |
370.75 |
350.53 |
286.01 |
5.77 |
29.63 |
|
Tax |
120.50 |
114.27 |
92.92 |
5.45 |
29.68 |
|
Profit After Tax |
250.25 |
236.26 |
193.09 |
5.92 |
29.60 |
|
Adj Calculated EPS |
5.33 |
5.04 |
4.14 |
5.75 |
28.74 |
|
Advances |
39427.19 |
37245.00 |
30135.51 |
5.86 |
30.83 |
|
Deposits |
47764.54 |
45076.00 |
38367.16 |
5.96 |
24.49 |
|
|
Q2'13 |
Q1'13 |
Q2'12 |
QoQ (bps) |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
11.76% |
12.86% |
14.32% |
-110 |
-256 |
|
% of Net NPAs |
0.29% |
0.27% |
0.31% |
2 |
-2 |
|
% of Gross NPAs |
1.03% |
0.97% |
1.09% |
6 |
-6 |
|
CASA% |
28.00% |
27.86% |
27.70% |
14 |
30 |
|
NIM % |
3.25% |
3.22% |
3.35% |
3 |
-10 |
|
Provisions Coverage% |
72.09% |
72.64% |
72.00% |
-55 |
9 |
|
C/D ratio |
82.54% |
82.63% |
78.55% |
-8 |
400 |
|
C/I Ratio |
49.43% |
49.68% |
49.43% |
-25 |
0 |
|
OI/TI |
50.57% |
50.32% |
50.57% |
25 |
0 |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020--
CA. Rajesh Desai