Dena Bank Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
Dena Bank has announced its Q4FY12 along with Annual FY12 result on 8th May 2012.
On the quarterly basis, the bank’s total income increased by 19.80% QoQ and 24.06% YoY to INR808.84 crores mainly because of 26.99% and 16.43% YoY growth in its Net Interest Income (NII) and other income respectively. Profit After Tax (PAT) increased by 36.48% QoQ and 62.29% YoY to INR254.79 crores mainly, because of reversal of excess tax provision of earlier year amounting to Rs.137.02 crores. For the whole year of FY12, the bank’s total income increased by 16.80% YoY to INR2683.17 crores whereas, Profit After Tax (PAT) increased by 31.31% YoY to INR803.14 crores.
The Bank has reported a growth in advances by 26.47% YoY to INR56692.54 crores and a growth in deposits by 20.18% YoY to INR77166.80 crores. On the assets front, the bank has improved its assets quality, NNPA and GNPA stood at 1.01% and 1.67%, decreased by 9 and 18bps QoQ and 21 and 19bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 11.51%, which is 2.51% higher than the regulator’s stipulated norm of 9% while, Provision Coverage Ratio (PCR) is 5.53% higher than the regulatory minimum requirement of 70%.
The Board of Directors have recommended a dividend of 30% i.e. Rs.3 per equity share of Rs.10 each for the financial year 2011-12.
|
Dena Bank Q4FY12 Result-[INR-Crores] |
||||||||
|
DESCRIPTION |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ% |
YoY% |
FY12 |
FY11 |
YoY% |
|
Interest Earned |
1955.89 |
1676.24 |
1407.49 |
16.68 |
38.96 |
6794.13 |
5033.53 |
34.98 |
|
Interest Expended |
1357.52 |
1135.04 |
936.30 |
19.60 |
44.99 |
4693.13 |
3270.16 |
43.51 |
|
NII |
598.37 |
541.20 |
471.19 |
10.56 |
26.99 |
2101 |
1763.37 |
19.15 |
|
Other Income |
210.47 |
133.97 |
180.77 |
57.10 |
16.43 |
582.17 |
533.84 |
9.05 |
|
Total Income |
808.84 |
675.17 |
651.96 |
19.80 |
24.06 |
2683.17 |
2297.21 |
16.80 |
|
Operating Expenses |
333.33 |
282.00 |
308.84 |
18.20 |
7.93 |
1154.74 |
1073.42 |
7.58 |
|
Operating Profit before Prov.& Cont. |
475.51 |
393.17 |
343.12 |
20.94 |
38.58 |
1528.43 |
1223.79 |
24.89 |
|
Provisions and Contingencies |
291.11 |
124.33 |
123.82 |
134.14 |
135.11 |
562.26 |
325.2 |
72.90 |
|
PBT |
184.40 |
268.84 |
219.30 |
-31.41 |
-15.91 |
966.17 |
898.59 |
7.52 |
|
Tax |
-70.39 |
82.16 |
62.30 |
-185.67 |
-212.99 |
163.03 |
286.96 |
-43.19 |
|
Profit After Tax |
254.79 |
186.68 |
157.00 |
36.48 |
62.29 |
803.14 |
611.63 |
31.31 |
|
Adj Calculated EPS |
7.63 |
5.60 |
5.46 |
36.25 |
39.74 |
24.08 |
21.26 |
13.26 |
|
Advances |
56692.54 |
N/A |
44828.05 |
- |
26.47 |
56692.54 |
44828.05 |
26.47 |
|
Deposits |
77166.80 |
N/A |
64209.62 |
- |
20.18 |
77166.80 |
64209.62 |
20.18 |
|
|
Q4'12 |
Q3'12 |
Q4'11 |
QoQ (bps) |
YoY(bps) |
FY12 |
FY11 |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
11.51% |
11.58% |
13.41% |
-7 |
-190 |
11.51% |
13.41% |
-190 |
|
% of Net NPAs |
1.01% |
1.10% |
1.22% |
-9 |
-21 |
1.01% |
1.22% |
-21 |
|
% of Gross NPAs |
1.67% |
1.85% |
1.86% |
-18 |
-19 |
1.67% |
1.86% |
-19 |
|
Provisions Coverage% |
75.53% |
76.56% |
74.62% |
-103 |
91 |
75.53% |
74.62% |
91 |
|
C/D ratio |
73.47% |
- |
69.82% |
- |
365.24 |
73.47% |
69.82% |
365 |
|
C/I Ratio |
41.21% |
41.77% |
47.37% |
-56 |
-616.01 |
43.04% |
46.73% |
-369 |
|
OI/TI |
58.79% |
58.23% |
52.63% |
56 |
616.01 |
56.96% |
53.27% |
369 |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai