Punjab National Bank Ltd has announced its Q2FY13 result on 26th October 2012.
The bank’s total income decreased by 6.30% QoQ and increased by 4.91% YoY to INR4554.75 crores. Whereas, Profit After Tax (PAT) decreased by 14.46% QoQ and 11.57% YoY to INR1065.58 crores.
During the quarter,. Bank's loans book and total deposits expanded by 18.36% and 17.25% YoY to INR294746.52 and INR400747.49 crores respectively. On the asset quality front, bank’s asset quality is still the matter of concern. GNPA and NNPA increased by 132 and 101bps QoQ and 261 and 185bps YoY to 4.66% and 2.69% respectively. Moreover, Net Interest Margin (NIM) decreased by 10bps QoQ and 45bps YoY to 3.50%. Bank’s Provision Coverage Ratio (PCR) is also at unsatisfactory level, stood at 54.31%. However, Capital Adequacy Ratio (CAR) stood at 11.73%, which is 2.73% higher than the regulator stipulated norm.
Q2’13 (INR Crores)
|
Consensus
|
Actual
|
Variance %
|
Total Income
|
4816.9
|
4554.75
|
-5.44%
|
Operating Profit
|
2751.9
|
2532.86
|
-7.96%
|
PAT
|
1245.9
|
1065.58
|
-14.47%
|
DESCRIPTION
|
Q2'13
|
Q1'13
|
Q2'12
|
QoQ%
|
YoY%
|
Interest Earned
|
10421.11
|
10544.97
|
8952.01
|
-1.17
|
16.41
|
Interest Expended
|
6771.74
|
6849.83
|
5499.44
|
-1.14
|
23.14
|
NII
|
3649.37
|
3695.14
|
3452.57
|
-1.24
|
5.70
|
Other Income
|
905.38
|
1166.00
|
888.86
|
-22.35
|
1.86
|
Total Income
|
4554.75
|
4861.14
|
4341.43
|
-6.30
|
4.91
|
Operating Expenses
|
2021.89
|
2020.25
|
1813.70
|
0.08
|
11.48
|
Operating Profit before Prov.& Cont.
|
2532.86
|
2840.89
|
2527.73
|
-10.84
|
0.20
|
Provisions and Contingencies
|
1073.83
|
1032.49
|
710.32
|
4.00
|
51.18
|
PBT
|
1459.03
|
1808.40
|
1817.41
|
-19.32
|
-19.72
|
Tax
|
393.45
|
562.73
|
612.42
|
-30.08
|
-35.75
|
Profit After Tax
|
1065.58
|
1245.67
|
1204.99
|
-14.46
|
-11.57
|
Basic & Diluted EPS
|
31.42
|
36.73
|
35.52
|
-14.46
|
-11.54
|
Advances
|
294746.52
|
294467.89
|
249019.56
|
0.09
|
18.36
|
Deposits
|
400747.49
|
385354.73
|
341783.18
|
3.99
|
17.25
|
Q2'13
|
Q1'13
|
Q2'12
|
QoQ (bps)
|
YoY(bps)
| |
Capital Adequacy Ratio Basel II
|
11.73%
|
12.57%
|
12.23%
|
-84
|
-50
|
% of Net NPAs
|
2.69%
|
1.68%
|
0.84%
|
101
|
185
|
% of Gross NPAs
|
4.66%
|
3.34%
|
2.05%
|
132
|
261
|
CASA%
|
37.00%
|
35.60%
|
37.10%
|
140
|
-10
|
NIM %
|
3.50%
|
3.60%
|
3.95%
|
-10
|
-45
|
Provisions Coverage%
|
54.31%
|
62.81%
|
75.08%
|
-850
|
-2077
|
C/D ratio
|
73.55%
|
76.41%
|
72.86%
|
-287
|
69
|
C/I Ratio
|
44.39%
|
41.56%
|
41.78%
|
283
|
261
|
OI/TI
|
55.61%
|
58.44%
|
58.22%
|
-283
|
-261
|
Regards,
Team Microsec Research
No comments:
Post a Comment