meet page 1 the lakshmi vilas bank ltd unaudited working results for the nine months period ended...
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www.lvbank.com Investor Meet Page 1
THE LAKSHMI VILAS BANK LTD
UNAUDITED WORKING RESULTS
FOR THE NINE MONTHS PERIOD ENDED
DECEMBER-2012
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FY13 - Q3 HIGHLIGHTS – (Q-O-Q BASIS)
1. OPERATING PROFIT INCREASED BY 46.83% ON Q-O-Q BASIS (FROM `48.11 Crores for Q3 - 2011 TO `70.64 Crores for Q3-2012).
2. NET PROFIT INCREASED BY 10.44% ON Q-O-Q BASIS (FROM `28.35 Crores for Q3-2011 TO `31.31 Crores for Q3-2012)
3. NET INTEREST INCOME AT `107.13 CRORES INCREASED BY 18.22% (Q3-2011 `90.68 CRORES).
4. NIM INCREASED TO 2.86% (Q3-2011 2.73%).
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PERFORMANCE HIGHLIGHTS – BUSINESS GROWTH
1. TOTAL BUSINESS OF THE BANK ROSE TO `25830.49 Crores AS AT DECEMBER 2012, RECORDING A Y-O-Y GROWTH OF 14.17%.
2. TOTAL DEPOSITS GREW BY 11.28%, ADVANCES BY 18.27% ON Y-O-Y BASIS.
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DEPOSITS
PARTICULARS
(` in Crores)
AS ON 31.12.2012
AS ON 31.12.2011
GROWTH (%)AS ON 31.03.2012
(Y-O-Y)
CORE DEPOSITS 14560.19 13220.48 10.13% 13695.83
BANK DEPOSITS 219.56 60.89 260.58% 418.31
TOTAL DEPOSITS 14779.75 13281.37 11.28% 14114.14
INTEREST PAID ON DEPOSITS 969.28 766.91 26.39% 1060.59
COST OF DEPOSIT 8.99% 8.41% 8.57%
CASA % 14.39% 15.93% 14.90%
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ADVANCES
PARTICULARS
(` in Crores)
AS ON 31.12.2012 AS ON 31.12.2011
GROWTH (%) AS ON 31.03.2012
(Y-O-Y)
GROSS ADVANCES 11050.74 9343.67 18.27% 10328.3
NET ADVANCES 10871.29 9222.14 17.88% 10188.68
CREDIT-DEPOSIT RATIO 74.77% 70.35% 73.18%
INTEREST RECEIVED ON ADVANCES 1032.65 867.10 19.09% 1186.55
YIELD ON ADVANCES 13.05% 13.61% 13.61%
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INCOME
(` in Crores) PARTICULARS 3RD QUARTER NINE MONTHS ENDED
AS ON
31.12.2012AS ON
31.12.2011GROWTH (%)
(Y-O-Y)AS ON
31.12.2012AS ON
31.12.2011GROWTH (%)
(Y-O-Y)AS ON
31.03.2012
1. TOTAL INTEREST INCOME (A+B+C) 451.22 394.27 14.44% 1300.11 1110.15 17.11% 1519.26
A) INTEREST ON ADVANCES 355.55 304.88 16.62% 1032.65 867.10 19.09% 1186.56
B) INCOME ON INVESTMENTS 85.18 87.37 -2.51% 256.20 239.10 7.15% 324.17
C) OTHER INTEREST INCOME 0.08 1.71 -95.32% 0.46 3.64 -87.36% 3.83
D) OTHERS (IT REFUND) 10.41 0.31 3258.06% 10.80 0.31 3383.87% 4.70
2. NON INTEREST INCOME 47.32 35.22 34.36% 136.69 100.78 35.63% 157.92
TOTAL INCOME (1+2) 498.54 429.49 16.08% 1436.80 1210.93 18.65% 1677.18
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EXPENDITURE
(` in Crores)
PARTICULARS 3RD QUARTER NINE MONTHS ENDED
AS ON 31.12.2012
AS ON 31.12.2011
GROWTH (%) (Y-O-Y)
AS ON 31.12.2012
AS ON 31.12.2011
GROWTH (%) (Y-O-Y)
AS ON 31.03.2012
1. INTEREST EXPENDITURE 344.09 303.65 13.32% 1023.04 829.51 23.33% 1148.03
2. OPERATING EXPENDITURE (A+B)
83.81 77.73 7.82% 241.96 201.97 19.80% 293.71
A) STAFF EXPENDITURE 36.09 40.00 -9.77% 112.62 99.22 13.51% 141.25
B) OTHER OPERATING EXPENDITURE
47.72 37.73 26.48% 129.34 102.75 25.88% 152.46
TOTAL EXPENDITURE (1+2) 427.90 381.38 12.20% 1265.00 1031.48 22.64% 1441.74
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NET PROFIT
(` in Crores)
PARTICULARS
3RD QUARTER NINE MONTHS ENDED
FY FY GROWTH % FY FY GROWTH (%)AS ON
31.03.2012
2012-13 2011-12 (Y-O-Y) 2012-13 2011-12 (Y-O-Y)
OPERATING PROFIT 70.64 48.11 46.83% 171.81 179.45 -4.26% 235.44
PROVISIONS (excl. tax) 20.33 18.76 8.37% 67.33 83.39 -19.26% 109.42
PROFIT BEFORE TAX (PBT) 50.31 29.35 71.41% 104.47 96.06 8.75% 126.02
PROVISION FOR TAX 19.00 1.00 1800.00% 30.00 14.00 114.29% 19.00
NET PROFIT 31.31 28.35 10.44% 74.47 82.06 -9.25% 107.02
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CAPITAL ADEQUECY
PARTICULARS
(` in crores)
AS ON 31.12.2012
AS ON 31.12.2011
GROWTH (%)AS ON
31.03.2012
(Y-O-Y)
B/S SIZE 17060.63 15311.72 11.42% 16243.57
CAPITAL ADEQUECY RATIO
BASEL – I 10.52% 10.22% 2.94% 12.08%
BASEL - II 12.20% 10.82% 12.75% 13.10%
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ANALYTICAL RATIOS
AS ON 31.12.2012
AS ON 31.12.2011
AS ON 31.03.2012
RETURN ON EQUITY (%) 10.84% 12.83% 12.66%
RETURN ON ASSETS (%) 0.60% 0.76% 0.73%
YEILD ON FUNDS (%) 10.39% 10.30% 10.39%
COST OF FUNDS (%) 8.17% 7.70% 7.85%
INTEREST SPREAD (%) 2.22% 2.60% 2.54%
NET INTEREST MARGIN (%) 2.50% 2.96% 2.91%
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NON PERFORMING ASSETS
PARTICULARS
(` in Crores)
AS ON 31.12.2012
AS ON 30.09.2012
AS ON 31.12.2011
AS ON 31.03.2012
GROSS NPA 487.02 490.62 225.98 307.73
NET NPA 322.48 316.26 113.77 177.09
GROSS NPA (%) 4.41% 4.50% 2.42% 2.98%
NET NPA (%) 2.97% 2.95% 1.23% 1.74%