Federal Bank - Q4FY12 Result First Cut - Microsec Research

Federal Bank has announced its Q4FY12 along with Annual FY12 result on 11th May 2012.

On the quarterly basis, the bank's total income down by 2.13% QoQ and up by 10.69% YoY to INR651.76 crores. Profit After Tax (PAT) increased by 17.70% QoQ and 38.36% YoY to INR237.60 crores mainly because of decline in provision by 86.54% QoQ and 80.47% YoY to INR15.51 crores. For the whole year of FY12, the bank's total income increased by 10.65% YoY to INR2507.24 crores whereas, Profit After Tax (PAT) increased by 35.45% YoY to INR753.72 crores.

The Bank has reported a growth in advances by 13.70% QoQ and 18.16% YoY to INR37755.99 crores and a growth in deposits by 4.70% QoQ and 13.77% YoY to INR48937.12 crores. On the assets quality front, the bank's NNPA and GNPA stood at 0.53% and 3.53%, improved by 21 and 62bps QoQ and 7 and 14bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 16.64%, which is 7.64% higher than the regulator's stipulated norm of 9%.

The Board of Directors have recommended a dividend of 90% i.e. Rs.9 per equity share for the year ended 31st March 2012 (Previous year dividend was 85% i.e. Rs.8.50 per share).

Source : Equity Bulls

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