Punjab National Bank Ltd - Q4FY12 Result First Cut - Microsec Research

Punjab National Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 9th May 2012.

On the quarterly basis, the bank's total income increased by 2.12% QoQ and 9.86% YoY to INR4585.93 crores while, Profit After Tax (PAT) increased by 23.83% QoQ and 18.58% YoY to INR1424.06 crores. For the whole year of FY12, the bank's total income increased by 14.30% YoY to INR17945.42 crores whereas, Profit After Tax (PAT) increased by 9.85% YoY to INR5025.46 crores.

The Bank has reported a growth in advances by 11.87% QoQ and 21.34% YoY to INR293774.75 crores and a growth in deposits by 6.47% QoQ and 21.31% YoY to INR379588.48 crores. On the assets front, the bank's assets quality is still the matter of concern, NNPA and GNPA increased by 41 and 51bps QoQ and 67 and 114bps YoY to 1.52% and 2.93% respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 12.63%, which is 3.63% higher than the regulator's stipulated norm of 9% while, Provision Coverage Ratio (PCR) stood at 62.22%.

The Board of Directors have recommended a dividend of 220% i.e. Rs.22 per equity share of Rs.10 each for the year ended 31st March 2012.

Source : Equity Bulls

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