HDFC Bank Limited
NSE Symbol HDFCBANK
HDFC
BANK has produced another excellent set of Results – for the quarter and year
ended March,2012.
Q4 FY 2012 REVIEW
Interest on
Advances stands at
Rs.5610.13 Cr – compared to Rs.5417.49 Cr In Q3 FY 12 (up by 3.56%); - and compared to Rs.4150.93 Cr In Q4
FY 11 (Up by 35.15%).
Income on
Investments stands
at Rs.1728.13 Cr - compared to Rs.1747.57 Cr InQ3 FY 12 (down by -1.11%); and
compared to Rs.1296.58 Cr In Q4 FY 11 (Up by 33.28%).
Interest
Earned stands at
Rs.7388.04 Cr; compared to Rs.7202.64 Cr InQ3 FY 12 (up by 2.57%); and compared
to Rs.5468.55 Cr In Q4 FY 11 (Up by 35.1%).
Other Income stands at Rs.1491.98 Cr; compared
to Rs.1420 Cr In Q3 FY 12 (up by 5.07%); and compared to Rs.1255.76 Cr In Q4 FY
11 (Up by 18.81%).
Total Income stands at Rs.8880.02 Cr; compared
to Rs.8622.64 Cr In Q3 FY 12 (up by 2.98%);
and compared to Rs.6724.31 Cr In Q4 FY 11 (Up by 32.06%).
Interest
Expended stands at
Rs.3999.73Cr - compared to Rs.4086.65 Cr InQ3 FY 12 (down by -2.13%); and
compared to Rs.2629.08 Cr In Q4 FY 11 (Up by 52.13%).
NII stands at Rs.3388.31 Cr; compared to
Rs.3115.99 Cr In Q3 FY 12 (up by 8.74%); and compared to Rs.2839.47 Cr In Q4 FY 11
(Up by 19.33%).
Total
Expenditure stands
at Rs.6466.81 Cr; compared to Rs.6244.61 Cr In Q3 FY 12 (up by 3.56%); and
compared to Rs.4627.45 Cr In Q4 FY 11 (Up by 39.75%).
Operating
Profit stands at
Rs.2413.21 Cr; compared to Rs.2378.03 Cr In Q3 FY 12 (up by 1.48%); and compared to Rs.2096.86 Cr In Q4
FY 11 (Up by 15.09%).
Provisions stands at Rs.298.30 Cr; compared to
Rs.329.24 Cr In Q3 FY 12 (down by -9.4%); and compared to Rs.431.34 Cr In Q4 FY
11 (down by -30.84%).
Profit
before tax stands
at Rs.2114.91 Cr; compared to Rs.2048.79 Cr In Q3 FY 12 (up by 3.23%); and
compared to Rs.1665.52 Cr In Q4 FY 11 (Up by 26.98%).
Tax Expense stands at Rs.661.83 Cr; compared to
Rs.619.13 Cr In Q3 FY 12 (up by 6.9%); and compared to Rs. 550.81 Cr In Q4 FY 11 (Up by 20.16%).
Net Profit stands at Rs.1453.08 Cr; compared to Rs.1429.66
Cr In Q3 FY 12 (up
by 1.64%); and compared to
Rs.1114.71 Cr In Q4 FY 11 (Up by 30.35%).
Paid-up
Equity stands at
Rs.469.34 Cr.
Capital
Adequacy Ratio
stands at 16.5% in Q4 FY 12; 16.3% in Q3 FY 12;16.2% in Q4 FY11
Basic EPS stands at Rs.6.2 in Q4 FY 12; Rs.6.1 in Q3 FY
12; and Rs.24 (on FV of Rs.10) in Q4 FY 11.
% of
Gross/Net NPA
stands comfortably at 0.2%
Return on
Assets stands at 0.5%.
Thus,
both on QoQ and YoY basis, the Q4 FY 12 results are quite Good.
52
week high price stands at Rs.2583.30 (On
FV of Rs.10) and 52 week low price stands at Rs.400.25 (On FV of Rs.2);Current Market price is Rs.537.
Annual EPS on FV of Rs.2 is Rs.22.5.
Annual EPS on FV of Rs.2 is Rs.22.5.
Hence,
PE Ratio
stands at : 23.97.
FY 2012 ANNUAL RESULTS REVIEW
The
annual Results for FY 2012 are compared below for the 2 preceding Years of FY
2011 and FY 2010.
Interest on
Advances for FY
2012 stands at Rs.20837.23 Cr; compared
to Rs.15188.03 Cr in FY 2011 (up by 37.20%); and compared to Rs.12092.75 cr in
FY 2010 (Up by 72.31%).
Income on
Investments for FY
2012 stands at Rs.6506.18 Cr; compared
to Rs.4675.65 Cr in FY 2011 (up by 39.15%); and compared to Rs. 397,811.00 cr in FY 2010 (Up by 63.55%).
Interest
Earned for FY 2012 stands at Rs.27605.56 Cr; compared to Rs.20043.34 Cr in
FY 2011 (up by 37.73%); and compared to Rs.16232.92 cr in FY 2010 (Up by 70.06%).
Other Income for FY 2012 stands at Rs.5452.39 Cr; compared to Rs. 4585.04 Cr in FY 2011 (up by 18.92%); and
compared to Rs.4034.07 cr in FY 2010 (Up by 35.16%).
Total Income for FY 2012 stands at Rs.33057.95 Cr; compared to Rs.24628.38 Cr in
FY 2011 (up by 34.23%); and compared to Rs.20266.99 Cr in FY 2011 (up by 63.11%).
Interest
Expended for FY
2012 stands at Rs.15106.12 Cr; compared
to Rs.9425.15 Cr in FY 2011 (up by 60.27%); and compared to Rs.7797.60 Cr in FY 2010 (up by 93.73%).
Operating
Profit for FY 2012
stands at Rs.9144.71 Cr; compared to Rs.7885.28 Cr in FY 2011 (up by 15.97%);
and compared to Rs.6563.88 Cr in FY 2010 (up by 39.32%).
Provisions for FY 2012 stands at Rs.1477.21
Cr; compared to Rs.1928.07 Cr in FY
2011 (down by -23.38%); and compared to Rs.2144.87 Cr in FY 2010 (up by -31.13%).
Profit
before tax for FY
2012 stands at Rs.7667.50Cr; compared to Rs.5957.21.00 Cr
in FY 2011 (up by 28.71%); and compared to Rs.4419.01Cr
in FY 2010 (up by 73.51%).
Tax Expense
for FY 2012 stands at Rs.2394.10 Cr;
compared to Rs.1939.52 Cr in FY 2011 (up by 23.44%); and compared to Rs.1386.09
Cr in FY 2010 (up by 72.72%).
Net Profit for FY 2012 stands at Rs. 5273.40.00
Cr; compared to Rs. 4017.69Cr in FY
2011 (up by 31.25%); and compared
to Rs.3032.92 Cr in FY 2010 (up by 73.87%).
Consolidated
NPT for FY 2012
stands at Rs.5247.02.00 Cr; compared to
Rs.3992.49 Cr in FY 2011 (up by 31.42%);
and compared to Rs.3003.65Cr in FY 2010 (up by 74.69%).
Reserves for FY 2012 stands at Rs.29741.11 Cr;
compared to Rs.25117.91 Cr in FY 2011 (up by 18.41%); and compared to Rs.21158.15
Cr in FY 2010 (up by 40.57%).
Basic EPS for FY 2012 stands at Rs.22.5 on FV of Rs.2 – compared to Rs.86.5 in
FY 2011 (On FV of Rs.10) and Rs.68.8 in FY 2010 on FV of Rs.10
QUARTERLY
RESULTS TABLE
HDFC
BANK
|
31-Mar-12
|
31-Dec-11
|
%DIF1
|
31-Mar-11
|
%DIF2
|
Interest on Advances
|
561013
|
541749
|
3.56
|
415093
|
35.15
|
Income on Investments
|
172813
|
174757
|
-1.11
|
129658
|
33.28
|
Income on Balances With
RBI
|
4477
|
3459
|
29.43
|
1864
|
140.18
|
Others
|
501
|
299
|
67.56
|
240
|
108.75
|
Interest Earned
|
738804
|
720264
|
2.57
|
546855
|
35.1
|
Other Income
|
149198
|
142000
|
5.07
|
125576
|
18.81
|
Total Income
|
888002
|
862264
|
2.98
|
672431
|
32.06
|
Interest Expended
|
399973
|
408665
|
-2.13
|
262908
|
52.13
|
NII
|
338831
|
311599
|
8.74
|
283947
|
19.33
|
Employees Cost
|
92840
|
86742
|
7.03
|
73335
|
26.6
|
Other Operating Expenses
|
153868
|
129054
|
19.23
|
126502
|
21.63
|
Operating Expenses
|
246708
|
215796
|
14.32
|
199837
|
23.45
|
Total Expenditure
excluding provisions and contingencies
|
646681
|
624461
|
3.56
|
462745
|
39.75
|
Operating Profit before
provisions and contingencies
|
241321
|
237803
|
1.48
|
209686
|
15.09
|
Provisions (Other than
tax) & Contingencies
|
29830
|
32924
|
-9.4
|
43134
|
-30.84
|
Profit before tax
|
211491
|
204879
|
3.23
|
166552
|
26.98
|
Tax Expense
|
66183
|
61913
|
6.9
|
55081
|
20.16
|
Net Profit
|
145308
|
142966
|
1.64
|
111471
|
30.35
|
Face Value
|
2
|
2
|
0
|
10
|
-80
|
Paid-up Equity
|
46934
|
46826
|
0.23
|
46523
|
0.88
|
Capital Adequacy Ratio
|
16.5
|
16.3
|
1.23
|
16.2
|
1.85
|
Basic EPS
|
6.2
|
6.1
|
1.64
|
24
|
-74.17
|
Diluted EPS
|
6.1
|
6.1
|
0
|
23.7
|
-74.26
|
Gross/Net NPA
|
35233
|
39796
|
-11.47
|
-
|
|
% of Gross/Net NPA
|
0.2
|
0.2
|
0
|
-
|
|
Return on Assets
|
0.5
|
0.5
|
0
|
-
|
ANNUAL RESULTS TABLE
FY12
|
%DIF1
|
%DIF2
|
|||
Interest on Advances
|
2,083,723.00
|
1,518,803.00
|
37.20
|
1,209,275.00
|
72.31
|
Income on Investments
|
650,618.00
|
467,565.00
|
39.15
|
397,811.00
|
63.55
|
Interest on Balances With RBI
|
15,404.00
|
15,827.00
|
-2.67
|
8,708.00
|
76.89
|
Others
|
10,811.00
|
2,139.00
|
405.42
|
7,498.00
|
44.19
|
Interest Earned
|
2,760,556.00
|
2,004,334.00
|
37.73
|
1,623,292.00
|
70.06
|
Other Income
|
545,239.00
|
458,504.00
|
18.92
|
403,407.00
|
35.16
|
Total Income
|
3,305,795.00
|
2,462,838.00
|
34.23
|
2,026,699.00
|
63.11
|
Interest Expended
|
1,510,612.00
|
942,515.00
|
60.27
|
779,760.00
|
93.73
|
Employees cost
|
357,309.00
|
297,714.00
|
20.02
|
238,931.00
|
49.54
|
Other Operating Expenses
|
523,403.00
|
434,081.00
|
20.58
|
351,620.00
|
48.85
|
Operating Expenses
|
880,712.00
|
731,795.00
|
20.35
|
590,551.00
|
49.13
|
Total Exp(excl.prov & cont)
|
2,391,324.00
|
1,674,310.00
|
42.82
|
1,370,311.00
|
74.51
|
Operating Profit
|
914,471.00
|
788,528.00
|
15.97
|
656,388.00
|
39.32
|
Provisions
|
147,721.00
|
192,807.00
|
-23.38
|
214,487.00
|
-31.13
|
Profit before tax
|
766,750.00
|
595,721.00
|
28.71
|
441,901.00
|
73.51
|
Tax Expense
|
239,410.00
|
193,952.00
|
23.44
|
138,609.00
|
72.72
|
Net Profit
|
527,340.00
|
401,769.00
|
31.25
|
303,292.00
|
73.87
|
Minority Interest
|
3,002.00
|
3,224.00
|
-6.89
|
3,254.00
|
-7.74
|
Shares of Associates
|
-364
|
-704
|
-48.30
|
-327
|
11.31
|
Consolidated NPT
|
524,702.00
|
399,249.00
|
31.42
|
300,365.00
|
74.69
|
Face Value (in Rs.)
|
2
|
10
|
-80.00
|
10
|
-80
|
Paid-up Equity
|
46,934.00
|
46,523.00
|
0.88
|
45,774.00
|
2.53
|
Reserves
|
2,974,111.00
|
2,511,791.00
|
18.41
|
2,115,815.00
|
40.57
|
Basic EPS
|
22.5
|
86.5
|
-73.99
|
68.8
|
-67.3
|
Diluted EPS
|
22.2
|
85.4
|
-74.00
|
68.1
|
-67.4
|
* *
* E N D *
* *
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