ICICI Bank Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
ICICI Bank Ltd has announced its Q4FY12 along with Annual FY2012 result on 27th April 2012.
On the quarterly basis, the bank’s total income increased by 25.85% QoQ and decreased by 2.23% YoY to INR12686.98 crores. Profit After Tax (PAT) decreased by 24.42% QoQ and increased by 10.55% YoY to INR1744.17 crores. For the whole year of FY12, the total income of the bank decreased by 1.44% YoY to INR41645.03 crores. Profit After Tax (PAT) increased by 25.63% to INR7937.64 crores mainly, because of decline in Provision and Contingencies by 45.06% to INR1406.34 crores. On the assets quality front, the bank has improved its assets quality, NNPA and GNPA decreased by 38 and 85bps YoY to 0.73% and 3.62% respectively. Moreover, Net Interest Margin (NIM) of the bank for Q4FY12 stood at 3.01%, improved by 31bps QoQ and 27bps YoY. However, the bank is in well position to tame any time liabilities with 80.40% of its Provision Coverage Ratio (PCR). Capital Adequacy Ratio (CAR) of the bank stood at 18.52%, which is almost double than the regulator stipulated norm.
The Board of Directors recommended a dividend of Rs.16.50 per equity share for the year ended March 31, 2012 (Previous year dividend of Rs.14 per equity share).
Consolidated
|
ICICI Bank Q4FY12 Result-[INR-Crores] |
||||||||
|
DESCRIPTION |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ% |
YoY% |
FY12 |
FY11 |
YoY% |
|
Interest Earned |
10322.88 |
9667.12 |
8191.45 |
6.78 |
26.02 |
37994.86 |
30081.4 |
26.31 |
|
Interest Expended |
6613.55 |
6416.32 |
5203.01 |
3.07 |
27.11 |
25013.25 |
19342.57 |
29.32 |
|
NII |
3709.33 |
3250.80 |
2988.44 |
14.11 |
24.12 |
12981.61 |
10738.83 |
20.88 |
|
Other Income |
8977.65 |
6830.23 |
9987.54 |
31.44 |
-10.11 |
28663.42 |
31513.3 |
-9.04 |
|
Total Income |
12686.98 |
10081.03 |
12975.98 |
25.85 |
-2.23 |
41645.03 |
42252.13 |
-1.44 |
|
Operating Expenses |
9710.51 |
6766.65 |
10399.59 |
43.51 |
-6.63 |
29552.04 |
31302.45 |
-5.59 |
|
Operating Profit before Prov.& Cont. |
2976.47 |
3314.38 |
2576.39 |
-10.20 |
15.53 |
12092.99 |
10949.68 |
10.44 |
|
Provisions and Contingencies |
365.62 |
277.87 |
464.37 |
31.58 |
-21.27 |
1406.34 |
2559.98 |
-45.06 |
|
PBT |
2610.85 |
3036.51 |
2112.02 |
-14.02 |
23.62 |
10686.65 |
8389.7 |
27.38 |
|
Tax |
866.68 |
728.88 |
534.36 |
18.91 |
62.19 |
2749.01 |
2071.51 |
32.71 |
|
Profit After Tax |
1744.17 |
2307.63 |
1577.66 |
-24.42 |
10.55 |
7937.64 |
6318.19 |
25.63 |
|
Adj Calculated EPS |
15.69 |
18.78 |
13.58 |
-16.45 |
15.54 |
66.06 |
53.25 |
24.06 |
|
Advances |
292125.42 |
288086.85 |
256019.31 |
1.40 |
14.10 |
292125.42 |
256019.31 |
14.10 |
|
Deposits |
281950.47 |
289813.01 |
259106.01 |
-2.71 |
8.82 |
281950.47 |
259106.01 |
8.82 |
|
|
Q4'12 |
Q3'12 |
Q4'11 |
QoQ (bps) |
YoY(bps) |
FY12 |
FY11 |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
18.52% |
18.83% |
19.54% |
-31 |
-102 |
18.52% |
19.54% |
-102 |
|
% of Net NPAs |
0.73% |
0.83% |
1.11% |
-10 |
-38 |
0.73% |
1.11% |
-38 |
|
% of Gross NPAs |
3.62% |
3.82% |
4.47% |
-20 |
-85 |
3.62% |
4.47% |
-85 |
|
CASA% |
43.50% |
43.60% |
41.97% |
-10 |
153 |
43.50% |
41.97% |
153 |
|
NIM % |
3.01% |
2.70% |
2.74% |
31 |
27 |
3.01% |
2.74% |
27 |
|
Provisions Coverage% |
80.40% |
78.90% |
76.00% |
150 |
440 |
80.40% |
76.00% |
440 |
|
C/D ratio |
103.61% |
99.40% |
98.81% |
420 |
480.01 |
103.61% |
98.81% |
480 |
|
C/I Ratio |
76.54% |
67.12% |
80.14% |
942 |
-360.58 |
70.96% |
74.08% |
-312 |
|
OI/TI |
23.46% |
32.88% |
19.86% |
-942 |
360.58 |
29.04% |
25.92% |
312 |
Regards,
Team Microsec Research
Microsec Capital Limited
--
CA. Rajesh Desai