Lakshmi Vilas Bank Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
Lakshmi Vilas Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 30th May 2012.
On the quarterly basis, the bank’s total income up by 17.40% QoQ and down by -0.24% YoY to INR147.73 crores. Profit After Tax (PAT) down by -12.02% QoQ and -8.90% YoY to INR24.96 crores. For the whole year of FY12, the bank’s total income increased by 5.41% YoY to INR529.14 crores whereas, Profit After Tax (PAT) increased by 5.81% YoY to INR107.02 crores.
The Bank has reported a growth in advances by 25.81% YoY to INR10188.68 crores and a growth in deposits by 26.59% YoY to INR14114.14 crores. On the assets quality front, the bank’s assets quality is still the matter of concern, the bank’s NNPA and GNPA stood at 1.74% and 2.98% increased by 84 and 105bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 13.10%, which is 4.10% higher than the regulator’s stipulated norm of 9%.
The Board of Directors have recommended a dividend of 35% for the year ended 31st March 2012.
|
Lakshmi Vilas Bank Q4FY12 Result-[INR-Crores] |
||||||||
|
DESCRIPTION |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ% |
YoY% |
FY12 |
FY11 |
YoY% |
|
Interest Earned |
409.10 |
394.27 |
294.75 |
3.76 |
38.80 |
1519.25 |
1064.83 |
42.68 |
|
Interest Expended |
318.51 |
303.65 |
195.25 |
4.89 |
63.13 |
1148.03 |
699.84 |
64.04 |
|
NII |
90.59 |
90.62 |
99.50 |
-0.03 |
-8.95 |
371.22 |
364.99 |
1.71 |
|
Other Income |
57.14 |
35.22 |
48.58 |
62.24 |
17.62 |
157.92 |
137.01 |
15.26 |
|
Total Income |
147.73 |
125.84 |
148.08 |
17.40 |
-0.24 |
529.14 |
502 |
5.41 |
|
Operating Expenses |
91.74 |
77.72 |
58.97 |
18.04 |
55.57 |
293.71 |
228.14 |
28.74 |
|
Operating Profit before Prov.& Cont. |
55.99 |
48.12 |
89.11 |
16.35 |
-37.17 |
235.43 |
273.86 |
-14.03 |
|
Provisions and Contingencies |
26.03 |
18.75 |
56.71 |
38.83 |
-54.10 |
109.41 |
149.72 |
-26.92 |
|
PBT |
29.96 |
29.37 |
32.40 |
2.01 |
-7.53 |
126.02 |
124.14 |
1.51 |
|
Tax |
5.00 |
1.00 |
5.00 |
400.00 |
0.00 |
19.00 |
23 |
-17.39 |
|
Profit After Tax |
24.96 |
28.37 |
27.40 |
-12.02 |
-8.91 |
107.02 |
101.14 |
5.81 |
|
Adj Calculated EPS |
2.56 |
2.91 |
2.81 |
-12.03 |
-8.90 |
10.98 |
10.37 |
5.88 |
|
Advances |
10188.68 |
N/A |
8094.42 |
- |
25.87 |
10188.68 |
8094.42 |
25.87 |
|
Deposits |
14114.14 |
N/A |
11149.51 |
- |
26.59 |
14114.14 |
11149.51 |
26.59 |
|
|
Q4'12 |
Q3'12 |
Q4'11 |
QoQ (bps) |
YoY(bps) |
FY12 |
FY11 |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
13.10% |
10.82% |
13.19% |
228 |
-9 |
13.10% |
13.19% |
-9 |
|
% of Net NPAs |
1.74% |
1.23% |
0.90% |
51 |
84 |
1.74% |
0.90% |
84 |
|
% of Gross NPAs |
2.98% |
2.42% |
1.93% |
56 |
105 |
2.98% |
1.93% |
105 |
|
Provisions Coverage% |
61.27% |
70.96% |
77.17% |
-969 |
-1590 |
|
|
0 |
|
C/D ratio |
72.19% |
- |
72.60% |
- |
-41 |
72.19% |
72.60% |
-41 |
|
C/I Ratio |
62.10% |
61.76% |
39.82% |
34 |
2228 |
55.51% |
45.45% |
1006 |
|
OI/TI |
37.90% |
38.24% |
60.18% |
-34 |
-2228 |
44.49% |
54.55% |
-1006 |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai