State Bank of Mysore Q4FY12 result - First Cut - Microsec Research

State Bank of Mysore Ltd has announced its Q4FY12 along with Annual FY12 result on 23rd April 2012.

On the quarterly basis, the bank's total income grew by 10.87% QoQ and 2.43% YoY to INR576.85 crore mainly, because of the 73.22% QoQ growth in bank's other income to INR185.14 crore. Profit After Tax (PAT) improved by 4.68% QoQ and declined by 29.11% YoY to INR116.14 crore. For the whole year in FY12, total income of the bank grew by 0.45% YoY to INR2100.68 crore whereas, Profit After Tax (PAT) declined by 26.26% YoY to INR369.15 crore. Moreover, the bank's assets quality is still the matter of concern, the NNPA and GNPA of the bank increased by 55 and 119bps YoY to 1.93% and 3.70% respectively. Capital Adequacy Ratio (CAR) stood at 12.55%.

The Board of Directors has declared an interim dividend of 100% i.e Rs 10 per share (Face value of Rs 10 per share) for the financial year 2011-12. Interim dividend has been treated as a final dividend.

Source : Equity Bulls

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