Lakshmi Vilas Bank - Q4FY12 result first cut - Microsec Research

Lakshmi Vilas Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 30th May 2012.

On the quarterly basis, the bank's total income up by 17.40% QoQ and down by -0.24% YoY to INR147.73 crores. Profit After Tax (PAT) down by -12.02% QoQ and -8.90% YoY to INR24.96 crores. For the whole year of FY12, the bank's total income increased by 5.41% YoY to INR529.14 crores whereas, Profit After Tax (PAT) increased by 5.81% YoY to INR107.02 crores.

The Bank has reported a growth in advances by 25.81% YoY to INR10188.68 crores and a growth in deposits by 26.59% YoY to INR14114.14 crores. On the assets quality front, the bank's assets quality is still the matter of concern, the bank's NNPA and GNPA stood at 1.74% and 2.98% increased by 84 and 105bps YoY respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 13.10%, which is 4.10% higher than the regulator's stipulated norm of 9%.

The Board of Directors have recommended a dividend of 35% for the year ended 31st March 2012.

Source : Equity Bulls

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