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ICICI Bank Ltd has announced its Q4FY12 along with Annual FY2012 result: Microsec Research

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ICICI Bank Ltd has announced its Q4FY12 along with Annual FY2012 result on 27^th April 2012.

On the quarterly basis, the bank’s total income increased by 25.85% QoQ and decreased by 2.23% YoY to INR12686.98 crores. Profit After Tax (PAT) decreased by 24.42% QoQ and increased by 10.55% YoY to INR1744.17 crores. For the whole year of FY12, the total income of the bank decreased by 1.44% YoY to INR41645.03 crores. Profit After Tax (PAT) increased by 25.63% to INR7937.64 crores mainly, because of decline in Provision and Contingencies by 45.06% to INR1406.34 crores. On the assets quality front, the bank has improved its assets quality, NNPA and GNPA decreased by 38 and 85bps YoY to 0.73% and 3.62% respectively. Moreover, Net Interest Margin (NIM) of the bank for Q4FY12 stood at 3.01%, improved by 31bps QoQ and 27bps YoY. However, the bank is in well position to tame any time liabilities with 80.40% of its Provision Coverage Ratio (PCR). Capital Adequacy Ratio (CAR) of the bank stood at 18.52%, which is almost double than the regulator stipulated norm.

The Board of Directors recommended a dividend of Rs.16.50 per equity share for the year ended March 31, 2012 (Previous year dividend of Rs.14 per equity share).

Consolidated

ICICI Bank Q4FY12 Result-[INR-Crores]
DESCRIPTION	Q4'12	Q3'12	Q4'11	QoQ%	YoY%	FY12	FY11	YoY%
Interest Earned	10322.88	9667.12	8191.45	6.78	26.02	37994.86	30081.4	26.31
Interest Expended	6613.55	6416.32	5203.01	3.07	27.11	25013.25	19342.57	29.32
NII	3709.33	3250.80	2988.44	14.11	24.12	12981.61	10738.83	20.88
Other Income	8977.65	6830.23	9987.54	31.44	-10.11	28663.42	31513.3	-9.04
Total Income	12686.98	10081.03	12975.98	25.85	-2.23	41645.03	42252.13	-1.44
Operating Expenses	9710.51	6766.65	10399.59	43.51	-6.63	29552.04	31302.45	-5.59
Operating Profit before Prov.& Cont.	2976.47	3314.38	2576.39	-10.20	15.53	12092.99	10949.68	10.44
Provisions and Contingencies	365.62	277.87	464.37	31.58	-21.27	1406.34	2559.98	-45.06
PBT	2610.85	3036.51	2112.02	-14.02	23.62	10686.65	8389.7	27.38
Tax	866.68	728.88	534.36	18.91	62.19	2749.01	2071.51	32.71
Profit After Tax	1744.17	2307.63	1577.66	-24.42	10.55	7937.64	6318.19	25.63
Adj Calculated EPS	15.69	18.78	13.58	-16.45	15.54	66.06	53.25	24.06
Advances	292125.42	288086.85	256019.31	1.40	14.10	292125.42	256019.31	14.10
Deposits	281950.47	289813.01	259106.01	-2.71	8.82	281950.47	259106.01	8.82
	Q4'12	Q3'12	Q4'11	QoQ (bps)	YoY(bps)	FY12	FY11	YoY(bps)
Capital Adequacy Ratio Basel II	18.52%	18.83%	19.54%	-31	-102	18.52%	19.54%	-102
% of Net NPAs	0.73%	0.83%	1.11%	-10	-38	0.73%	1.11%	-38
% of Gross NPAs	3.62%	3.82%	4.47%	-20	-85	3.62%	4.47%	-85
CASA%	43.50%	43.60%	41.97%	-10	153	43.50%	41.97%	153
NIM %	3.01%	2.70%	2.74%	31	27	3.01%	2.74%	27
Provisions Coverage%	80.40%	78.90%	76.00%	150	440	80.40%	76.00%	440
C/D ratio	103.61%	99.40%	98.81%	420	480.01	103.61%	98.81%	480
C/I Ratio	76.54%	67.12%	80.14%	942	-360.58	70.96%	74.08%	-312
OI/TI	23.46%	32.88%	19.86%	-942	360.58	29.04%	25.92%	312

Regards,

Team Microsec Research