State Bank of Bikaner and Jaipur Q4FY12 first cut - Microsec Research

State Bank of Bikaner and Jaipur has announced its Q4FY12 along with Annual FY12 result on 20th April 2012.

On the quarterly basis, the bank's total income grew by 14.17% QoQ and 15.65% YoY to INR864.38 crore. Profit After Tax (PAT) grew by 51.20% QoQ and 32.02% YoY to INR247.89 crore mainly, because of decline in Provision and Contingencies by 32.30% QoQ to INR127.87 crore. For the whole year in FY12, the bank's total income grew by 17.06% YoY to INR2820.37 crore whereas, profit After Tax (PAT) increased by 18.36% YoY to INR652.04 crore.

The assets quality of the bank is still the matter of concern, NNPA and GNPA of the bank stood at 1.92% and 3.30% increased by 109 and 130bps YoY respectively. However, bank's Capital Adequacy Ratio (CAR) stood at 13.76%.

Source : Equity Bulls

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