Karur Vysya Bank Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
Karur Vysya Bank has announced its Q4FY12 along with Annual FY12 result on 25th May 2012.
On the quarterly basis, the bank’s total income grew by 15.02% QoQ and 35.57% YoY to INR372.79 crores mainly, because of 23.49% and 75.70% YoY growth in its Net Interest Income (NII) and other income respectively. Profit After Tax (PAT) increased by 17.51% QoQ and 27.32% YoY to INR146.79 crores. For the whole year of FY12, the bank’s total income increased by 22.90% YoY to INR1267.27 crores whereas, Profit After Tax (PAT) increased by 20.72% YoY to INR501.72 crores.
The Bank has reported a growth in advances by 7.40% QoQ and 34.44% YoY to INR23949.19 crores and a growth in deposits by 6.68% QoQ and 29.89% YoY to INR32111.59 crores. On the assets quality front, the bank’s NNPA and GNPA stood at 0.33% and 1.33%, increased by 26 and 7bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 14.33%, which is 5.33% higher than the regulator’s stipulated norm of 9%.
The Board of Directors have recommended a dividend of 140% i.e. Rs.14 per equity share for the year ended 31st March 2012.
|
Karur Vysya Bank Q4FY12 Result-[INR-Crores] |
||||||||
|
DESCRIPTION |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ% |
YoY% |
FY12 |
FY11 |
YoY% |
|
Interest Earned |
947.47 |
856.33 |
631.74 |
10.64 |
49.98 |
3270.37 |
2217.69 |
47.47 |
|
Interest Expended |
686.48 |
621.66 |
420.39 |
10.43 |
63.30 |
2353.25 |
1450.84 |
62.20 |
|
NII |
260.99 |
234.67 |
211.35 |
11.22 |
23.49 |
917.12 |
766.85 |
19.60 |
|
Other Income |
111.80 |
89.44 |
63.63 |
25.00 |
75.70 |
350.15 |
264.33 |
32.47 |
|
Total Income |
372.79 |
324.11 |
274.98 |
15.02 |
35.57 |
1267.27 |
1031.18 |
22.90 |
|
Operating Expenses |
159.74 |
134.38 |
129.09 |
18.87 |
23.74 |
541.56 |
430.6 |
25.77 |
|
Operating Profit before Prov.& Cont. |
213.05 |
189.73 |
145.89 |
12.29 |
46.03 |
725.71 |
600.58 |
20.83 |
|
Provisions and Contingencies |
6.84 |
36.02 |
2.78 |
-81.01 |
146.04 |
93.76 |
39.31 |
138.51 |
|
PBT |
206.21 |
153.71 |
143.11 |
34.16 |
44.09 |
631.95 |
561.27 |
12.59 |
|
Tax |
59.42 |
28.79 |
27.82 |
106.39 |
113.59 |
130.23 |
145.68 |
-10.61 |
|
Profit After Tax |
146.79 |
124.92 |
115.29 |
17.51 |
27.32 |
501.72 |
415.59 |
20.72 |
|
Adj Calculated EPS |
13.69 |
11.66 |
12.45 |
17.41 |
9.96 |
46.81 |
44.83 |
4.42 |
|
Advances |
23949.19 |
22300.00 |
17814.46 |
7.40 |
34.44 |
23949.19 |
17814.46 |
34.44 |
|
Deposits |
32111.59 |
30100.00 |
24721.85 |
6.68 |
29.89 |
32111.59 |
24721.85 |
29.89 |
|
|
Q4'12 |
Q3'12 |
Q4'11 |
QoQ (bps) |
YoY(bps) |
FY12 |
FY11 |
YoY(bps) |
|
Capital Adequacy Ratio Basel II |
14.33% |
13.25% |
14.41% |
108 |
-8 |
14.33% |
14.41% |
-8 |
|
% of Net NPAs |
0.33% |
0.29% |
0.07% |
4 |
26 |
0.33% |
0.07% |
26 |
|
% of Gross NPAs |
1.33% |
1.45% |
1.26% |
-12 |
7 |
1.33% |
1.26% |
7 |
|
Provisions Coverage% |
75.46% |
80.03% |
93.92% |
-457 |
-1846 |
75.46% |
93.92% |
-1846 |
|
C/D ratio |
74.58% |
74.09% |
72.06% |
49 |
252.16 |
74.58% |
72.06% |
252 |
|
C/I Ratio |
42.85% |
41.46% |
46.95% |
139 |
-409.54 |
42.73% |
41.76% |
97 |
|
OI/TI |
57.15% |
58.54% |
53.05% |
-139 |
409.54 |
57.27% |
58.24% |
-97 |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai