Karur Vysya Bank - Q4FY12 result - First Cut - Microsec Research

Karur Vysya Bank has announced its Q4FY12 along with Annual FY12 result on 25th May 2012.

On the quarterly basis, the bank's total income grew by 15.02% QoQ and 35.57% YoY to INR372.79 crores mainly, because of 23.49% and 75.70% YoY growth in its Net Interest Income (NII) and other income respectively. Profit After Tax (PAT) increased by 17.51% QoQ and 27.32% YoY to INR146.79 crores. For the whole year of FY12, the bank's total income increased by 22.90% YoY to INR1267.27 crores whereas, Profit After Tax (PAT) increased by 20.72% YoY to INR501.72 crores.

The Bank has reported a growth in advances by 7.40% QoQ and 34.44% YoY to INR23949.19 crores and a growth in deposits by 6.68% QoQ and 29.89% YoY to INR32111.59 crores. On the assets quality front, the bank's NNPA and GNPA stood at 0.33% and 1.33%, increased by 26 and 7bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 14.33%, which is 5.33% higher than the regulator's stipulated norm of 9%.

The Board of Directors have recommended a dividend of 140% i.e. Rs.14 per equity share for the year ended 31st March 2012.

Source : Equity Bulls

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