Lakshmi Vilas Bank Ltd has announced its Q4FY12:: Microsec Research

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Lakshmi Vilas Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 30^th 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 31^st March 2012.

Lakshmi Vilas Bank Q4FY12 Result-[INR-Crores]
DESCRIPTION	Q4'12	Q3'12	Q4'11	QoQ%	YoY%	FY12	FY11	YoY%
Interest Earned	409.10	394.27	294.75	3.76	38.80	1519.25	1064.83	42.68
Interest Expended	318.51	303.65	195.25	4.89	63.13	1148.03	699.84	64.04
NII	90.59	90.62	99.50	-0.03	-8.95	371.22	364.99	1.71
Other Income	57.14	35.22	48.58	62.24	17.62	157.92	137.01	15.26
Total Income	147.73	125.84	148.08	17.40	-0.24	529.14	502	5.41
Operating Expenses	91.74	77.72	58.97	18.04	55.57	293.71	228.14	28.74
Operating Profit before Prov.& Cont.	55.99	48.12	89.11	16.35	-37.17	235.43	273.86	-14.03
Provisions and Contingencies	26.03	18.75	56.71	38.83	-54.10	109.41	149.72	-26.92
PBT	29.96	29.37	32.40	2.01	-7.53	126.02	124.14	1.51
Tax	5.00	1.00	5.00	400.00	0.00	19.00	23	-17.39
Profit After Tax	24.96	28.37	27.40	-12.02	-8.91	107.02	101.14	5.81
Adj Calculated EPS	2.56	2.91	2.81	-12.03	-8.90	10.98	10.37	5.88
Advances	10188.68	N/A	8094.42	-	25.87	10188.68	8094.42	25.87
Deposits	14114.14	N/A	11149.51	-	26.59	14114.14	11149.51	26.59
	Q4'12	Q3'12	Q4'11	QoQ (bps)	YoY(bps)	FY12	FY11	YoY(bps)
Capital Adequacy Ratio Basel II	13.10%	10.82%	13.19%	228	-9	13.10%	13.19%	-9
% of Net NPAs	1.74%	1.23%	0.90%	51	84	1.74%	0.90%	84
% of Gross NPAs	2.98%	2.42%	1.93%	56	105	2.98%	1.93%	105
Provisions Coverage%	61.27%	70.96%	77.17%	-969	-1590			0
C/D ratio	72.19%	-	72.60%	-	-41	72.19%	72.60%	-41
C/I Ratio	62.10%	61.76%	39.82%	34	2228	55.51%	45.45%	1006
OI/TI	37.90%	38.24%	60.18%	-34	-2228	44.49%	54.55%	-1006

Regards,

Team Microsec Research