IDBI Bank Ltd Q4FY12 result - First Cut - Microsec Research

IDBI Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 21st April 2012.

On the quarterly basis, the bank's total income grew by 33.30% QoQ and 11.42% YoY to INR1987.87 crore mainly, because of the robust growth in bank's other income by 79.92% QoQ to INR776.95 crore. Profit After Tax (PAT) improved by 88.08% QoQ and 49.30% YoY to INR770.78 crore backed by decline in Provision and Contingences by 32.64% QoQ to INR273.79 crore. For the whole year in FY12, total income of the bank grew by 3.14% YoY to INR6774.08 crore whereas, Profit After Tax (PAT) grew by 28.76% YoY to INR2013.12 crore on account of lower provisioning. Moreover, the bank's assets quality is still the matter of concern, the NNPA and GNPA of the bank increased by 55 and 73bps YoY to 1.61% and 2.49% respectively. Capital Adequacy Ratio (CAR) stood at 14.58%.

The Board of Directors has declared Final dividend of Rs 1.50 per share for the financial year 2011-12.

Source : Equity Bulls

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