Allahabad Bank - Q4FY12 Result First Cut - Microsec Research

Allahabad Bank has announced its Q4FY12 along with Annual FY12 result.

On the quarterly basis, the bank's total income is down by 4.94% QoQ and up by 1.40% YoY to INR1643.51 crores. Profit After Tax (PAT) is down by 28.59% QoQ and up by 55.32% YoY to INR400.22 crores. For the whole year of FY12, the bank's total income is increased by 18.45% YoY to INR6491.56 crores mainly, because of 26.78% YoY growth in Net Interest Income (NII) to INR5186.4 crores. Profit After Tax (PAT) is increased by 29.51% YoY to INR1864.34 crores.

The Bank has reported a growth in advances by 10.65% QoQ and 18.71% YoY to INR111145.10 crores and a growth in deposits by 9.84% QoQ and 21.01% YoY to INR159593.08 crores. On the assets front, the bank's assets quality is still the matter of concern. NNPA and GNPA of the bank stood at 0.98% and 1.83%, increased by 19 and 9bps YoY respectively. Moreover, the Net Interest Margin (NIM) for Q4FY12 stood at 3.23%, decreased by 50bps QoQ and 26bps YoY. The Capital Adequacy Ratio (CAR) stood at 12.83% while, Provision Coverage Ratio (PCR) stood at 74% against minimum regulatory requirement of 70%.

The Board of Directors have recommended a dividend of 60% i.e. Rs.6 per equity share for the financial year 2011-12.

Source : Equity Bulls

Keywords