Yes Bank Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
Yes Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 25th April 2012.
On the quarterly basis, the bank’s total income grew by 11.83% QoQ and 33.50% YoY to INR714.58 crores mainly, because of 28.62% and 42.62% YoY growth in Net Interest Income (NII) and other income respectively. Profit After Tax (PAT) increased by 6.97% QoQ and 33.64% YoY to INR271.80 crores. For the whole year of FY2012, the bank’s total income grew by 32.22% YoY to INR2472.75 crores while, Profit After Tax (PAT) increased by 34.36% YoY to INR976.99 crores. On the assets quality front, the NNPA and GNPA of the bank stood at 0.05% and 0.22% respectively. Moreover, the bank has maintained its Net Interest Margin (NIM), stood at 2.80%. However, the bank is in good position to tame any time liabilities with 79.20% of its Provision Coverage Ratio (PCR). Capital Adequacy Ratio (CAR) stood at 17.94%, which is almost double than the regulator’s stipulated norm.
|
Q4’12 (INR Crores) |
Consensus |
Actual |
|
Total Income |
694 |
714 |
|
PAT |
261 |
271 |
|
Yes Bank Q4FY12 Result-[INR-Crores] |
||||||||
|
DESCRIPTION |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ% |
YoY% |
FY12 |
FY11 |
YoY% |
|
Interest Earned |
1785.10 |
1684.06 |
1222.61 |
6.00 |
46.01 |
6307.35 |
4041.74 |
56.06 |
|
Interest Expended |
1336.87 |
1256.48 |
874.11 |
6.40 |
52.94 |
4691.72 |
2794.82 |
67.87 |
|
NII |
448.23 |
427.58 |
348.50 |
4.83 |
28.62 |
1615.63 |
1246.92 |
29.57 |
|
Other Income |
266.35 |
211.43 |
186.76 |
25.98 |
42.62 |
857.12 |
623.27 |
37.52 |
|
Total Income |
714.58 |
639.01 |
535.26 |
11.83 |
33.50 |
2472.75 |
1870.19 |
32.22 |
|
Operating Expenses |
284.22 |
240.17 |
186.49 |
18.34 |
52.40 |
932.53 |
679.81 |
37.18 |
|
Operating Profit before Prov.& Cont. |
430.36 |
398.84 |
348.77 |
7.90 |
23.39 |
1540.22 |
1190.38 |
29.39 |
|
Provisions and Contingencies |
28.48 |
22.35 |
43.26 |
27.43 |
-34.17 |
90.21 |
98.21 |
-8.15 |
|
PBT |
401.88 |
376.49 |
305.51 |
6.74 |
31.54 |
1450.01 |
1092.17 |
32.76 |
|
Tax |
130.08 |
122.40 |
102.13 |
6.27 |
27.37 |
473.02 |
365.04 |
29.58 |
|
Profit After Tax |
271.80 |
254.09 |
203.38 |
6.97 |
33.64 |
976.99 |
727.13 |
34.36 |
|
Diluted EPS |
7.55 |
7.08 |
5.68 |
6.64 |
32.92 |
27.13 |
20.25 |
33.98 |
|
Advances |
37988.64 |
35867.80 |
34363.64 |
5.91 |
10.55 |
37988.64 |
34363.64 |
10.55 |
|
Deposits |
49151.71 |
46929.10 |
45938.93 |
4.74 |
6.99 |
49151.71 |
45938.93 |
6.99 |
|
|
Q4'12 |
Q3'12 |
Q4'11 |
QoQ (bps) |
YoY(bps) |
FY12 |
FY11 |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
17.94% |
16.13% |
16.50% |
181 |
144 |
17.94% |
16.50% |
144 |
|
% of Net NPAs |
0.05% |
0.04% |
0.03% |
1 |
2 |
0.05% |
0.03% |
2 |
|
% of Gross NPAs |
0.22% |
0.20% |
0.23% |
2 |
-1 |
0.22% |
0.23% |
-1 |
|
CASA% |
15.00% |
12.60% |
10.31% |
240 |
469 |
15.00% |
10.31% |
469 |
|
NIM % |
2.80% |
2.80% |
2.90% |
0 |
-10 |
2.80% |
2.90% |
-0.1 |
|
Provisions Coverage% |
79.20% |
80.00% |
88.60% |
-80 |
-940 |
79.20% |
88.60% |
-940 |
|
C/D ratio |
77.29% |
76.43% |
74.80% |
86 |
248.57 |
77.29% |
74.80% |
249 |
|
C/I Ratio |
39.77% |
37.58% |
34.84% |
219 |
493.34 |
37.71% |
36.35% |
136 |
|
OI/TI |
60.23% |
62.42% |
65.16% |
-219 |
-493.34 |
62.29% |
63.65% |
-136 |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai