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3rd Quarter Results

16 Jan 2015 09:56

RNS Number : 3684C
Axis Bank Limited
16 January 2015
 



 

 

BOARD MEETING OF AXIS BANK TO CONSIDER UNAUDITED FINANCIAL RESULTS FOR THE QUARTER (Q3) / NINE MONTHS (9M) ENDED 31ST DECEMBER, 2014

 

 

We enclose herewith a copy of the Unaudited Financial Results for the Quarter (Q3) / Nine Months (9M) ended 31st December, 2014 of the Bank. The said results are approved by the Board of Directors of the Bank at its meeting held today at Mumbai.

 

You are requested to take the above on record.

 

Axis Bank Limited

Regd. Office: 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Law Garden, Ellisbridge,

Ahmedabad - 380 006.

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2014

(Rs in lacs)

PARTICULARS

FOR THE

QUARTER

ENDED

31.12.2014

FOR THE

QUARTER

ENDED

30.09.2014

FOR THE

QUARTER

ENDED

31.12.2013

FOR THE

NINE MONTHS

ENDED

31.12.2014

FOR THE

NINE MONTHS

ENDED

31.12.2013

FOR THE

YEAR

ENDED

31.03.2014

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1. Interest earned (a)+(b)+(c)+(d)

8,889,74

8,602,36

7,789,13

25,781,52

22,675,93

30,641,16

(a) Interest/discount on advances/bills

6,501,92

6,255,94

5,557,25

18,843,17

16,140,65

21,950,43

(b) Income on Investments

2,279,79

2,204,82

2,110,41

6,586,91

6,268,22

8,343,13

(c) Interest on balances with Reserve Bank of India and other inter-bank funds

53,90

54,45

48,77

164,18

117,86

166,79

(d) Others

54,13

87,15

72,70

187,26

149,20

180,81

2. Other Income (Refer note 2)

2,039,07

1,947,61

1,644,42

5,677,73

5,191,82

7,405,22

3. TOTAL INCOME (1+2)

10,928,81

10,549,97

9,433,55

31,459,25

27,867,75

38,046,38

4. Interest Expended

5,300,18

5,077,51

4,805,12

15,356,62

13,890,04

18,689,52

5. Operating expenses (i)+(ii)

2,314,03

2,310,16

2,013,40

6,730,07

5,769,33

7,900,77

(i) Employees cost

778,48

785,98

655,10

2,316,21

1,942,10

2,601,35

(ii) Other operating expenses

1,535,55

1,524,18

1,358,30

4,413,86

3,827,23

5,299,42

6. TOTAL EXPENDITURE (4+5) (Excluding Provisions and Contingencies)

7,614,21

7,387,67

6,818,52

22,086,69

19,659,37

26,590,29

7. OPERATING PROFIT (3-6) (Profit before Provisions and Contingencies)

3,314,60

3,162,30

2,615,03

9,372,56

8,208,38

11,456,09

8. Provisions (other than tax) and Contingencies (Net)

507,15

725,04

202,49

1,618,79

1,602,23

2,107,46

9. Exceptional Items

-

-

-

-

-

-

10. Profit/(Loss) from Ordinary Activities before Tax (7-8-9)

2,807,45

2,437,26

2,412,54

7,753,77

6,606,15

9,348,63

11. Tax expense

907,69

826,55

808,43

2,576,54

2,230,80

3,130,96

12. Net Profit/(Loss) from Ordinary Activities after Tax (10-11)

1,899,76

1,610,71

1,604,11

5,177,23

4,375,35

6,217,67

13. Extraordinary Items (net of tax expense)

-

-

-

-

-

-

14. Net Profit/(Loss) for the period

(12-13)

1,899,76

1,610,71

1,604,11

5,177,23

4,375,35

6,217,67

15. Paid-up equity share capital

(Face value Rs 2/- per share)

472,65

471,93

469,25

472,65

469,25

469,84

16. Reserves excluding revaluation reserves

37,750,65

17. Analytical Ratios

(i) Percentage of Shares held by Government of India

NIL

NIL

NIL

NIL

NIL

NIL

(ii) Capital Adequacy Ratio (Basel III)

14.06%

14.84%

 

15.50%

 

14.06%

 

15.50%

 

16.07%

(iii) Earnings per Share (EPS) for the period/year (before and after extraordinary items) (Rs)

- Basic

- Diluted

 

 

 

8.05

7.98

 

 

 

6.83

6.78

 

 

 

6.84

6.83

 

 

 

21.96

21.77

 

 

 

18.66

18.63

 

 

 

26.51

26.45

(iv) NPA Ratios

(a) Amount of Gross Non-Performing Assets

3,901,59

3,613,10

3,008,20

3,901,59

3,008,20

3,146,41

(b) Amount of Net Non-Performing Assets

1,250,67

1,179,80

1,003,43

1,250,67

1,003,43

1,024,62

(c) % of Gross NPAs

1.34

1.34

1.25

1.34

1.25

1.22

(d) % of Net NPAs

0.44

0.44

0.42

0.44

0.42

0.40

(v) Return on Assets (annualized)

1.86

1.69

1.79

1.78

1.70

1.78

18. Public Shareholding #

- Number of shares

- Percentage of shareholding

 

1,608,234,425

68.05%

 

1,590,743,163

67.41%

1,459,829,275

62.22%

 

1,608,234,425

68.05%

1,459,829,275

62.22%

 

1,578,741,905

67.20%

19. Promoters and promoter group shareholding#

Pledged/Encumbered

- Number of shares

- Percentage of shares (as a % of the total shareholding of promoter and promoter group)

- Percentage of shares (as a % of the total share capital)

 

Non Encumbered

- Number of shares

- Percentage of shares (as a % of the total shareholding of promoter and promoter group)

- Percentage of shares (as a % of the total share capital)

 

 

 

 

NIL

 

-

 

 

 

-

 

 

667,388,073

 

100.00%

 

 

28.24%

 

 

 

 

 

NIL

 

-

 

 

 

-

 

 

681,356,225

 

100.00%

 

 

28.88%

 

 

 

 

NIL

 

-

 

 

 

-

 

 

794,813,175

 

100.00%

 

 

33.88%

 

 

 

 

 

NIL

 

-

 

 

 

-

 

 

667,388,073

 

100.00%

 

 

28.24%

 

 

 

 

 

NIL

 

-

 

 

 

-

 

 

794,813,175

 

100.00%

 

 

33.88%

 

 

 

 

 

NIL

 

-

 

 

 

-

 

 

693,911,965

 

100.00%

 

 

29.54%

 

# excludes shares held by custodian against which Global Depositary Receipts have been issued.

 

Notes:

 

1. Statement of Assets and Liabilities of the Bank as on 31st December, 2014 is given below.

 

(Rs in lacs)

Particulars

As on 31.12.2014

As on 31.12.2013

(Unaudited)

(Unaudited)

CAPITAL AND LIABILITIES

Capital

472,65

469,25

Reserves and Surplus

43,343,51

37,179,46

Deposits

2,91,198,65

2,62,397,61

Borrowings

72,987,51

48,398,88

Other Liabilities and Provisions

13,107,28

11,004,65

TOTAL 

4,21,109,60

3,59,449,85

ASSETS 

Cash and Balances with Reserve Bank of India

15,504,40

16,348,35

Balances with Banks and Money at Call and Short Notice

10,398,93

7,398,14

Investments

1,22,373,80

1,12,204,85

Advances

2,60,567,33

2,11,467,34

Fixed Assets

2,472,08

2,354,37

Other Assets

9,793,06

9,676,80

TOTAL

4,21,109,60

3,59,449,85

2. 'Other income' includes gains from securities' transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products, ATM sharing fees. 

 

3. During the quarter ended 31st December, 2014, the Bank allotted 3,612,880 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme.

 

4. The shareholders of the Bank at the 20th Annual General Meeting held on 27thJune 2014, approved the sub-division (split) of one equity share of the Bank from nominal value of Rs10/- each into five equity shares of nominal value of Rs 2/- each. The record date for the sub-division was 30th July, 2014. All shares and per share information in the financial results reflect the effect of sub-division (split) retrospectively for the earlier reporting periods.

 

5. Disclosure about investor complaints:

 

Complaints at the beginning of the quarter

Received during the

quarter

Disposed off during the quarter

Unresolved as on

31.12.2014

NIL

121

121

NIL

 

 

6. In accordance with RBI circular DBOD.No.BP.BC.2/21.06.201/2014 -15 dated 1st July, 2014, banks are required to make Pillar 3 disclosures under Basel III capital requirements. The Bank has made these disclosures which are available on its website at the following link: http://www.axisbank.com/investor-corner/baselIII-disclosures.aspx. The disclosures have not been subjected to audit or limited review by the statutory auditors of the Bank.

 

7. The above results have been approved by the Board of Directors of the Bank at its meeting held at Mumbai today.

 

8. These results for the quarter and nine months ended 31st December, 2014 have been subjected to a "Limited Review" by the statutory auditors of the Bank.

 

9. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

 

 

 

 

 

 

 

 

 

 

 

 

Axis Bank Limited

Segmental Results

 

(Rsin lacs)

FOR THE

QUARTER

ENDED

31.12.2014

FOR THE

QUARTER

ENDED

30.09.2014

FOR THE

QUARTER

ENDED

31.12.2013

FOR THE NINE MONTHS

ENDED

31.12.2014

FOR THE NINE MONTHS

ENDED

31.12.2013

FOR THE

YEAR

ENDED

31.03.2014

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1

Segment Revenue

A

Treasury

12,864,12

12,393,87

11,737,12

37,374,85

34,435,13

46,399,98

B

Corporate/Wholesale Banking

5,196,56

5,072,06

4,749,04

15,196,35

14,316,07

19,424,44

C

Retail Banking

7,230,94

6,972,97

5,782,18

20,790,49

16,065,91

22,259,00

D

Other Banking Business

216,33

193,47

153,49

540,01

415,61

666,89

Total

25,507,95

24,632,37

22,421,83

73,901,70

65,232,72

88,750,31

Less: Inter segment revenue

14,579,14

14,082,40

12,988,28

42,442,45

37,364,97

50,703,93

Income from Operations

10,928,81

10,549,97

9,433,55

31,459,25

27,867,75

38,046,38

2

Segment Results After Provisions & Before Tax

A

Treasury

805,01

708,93

696,14

2,159,23

1,601,09

2,335,74

B

Corporate/Wholesale Banking

1,450,89

1,336,16

1,527,22

4,278,82

4,323,98

5,892,60

C

Retail Banking

347,16

226,26

62,51

843,99

338,47

551,27

D

Other Banking Business

204,39

165,91

126,67

471,73

342,61

569,02

Total Profit Before Tax

2,807,45

2,437,26

2,412,54

7,753,77

6,606,15

9,348,63

3

Capital Employed

A

Treasury

12,051,86

24,870,55

20,264,48

12,051,86

20,264,48

19,510,61

B

Corporate/Wholesale Banking

87,443,93

72,895,19

63,405,81

87,443,93

63,405,81

62,406,09

C

Retail Banking

(58,265,98)

(58,203,64)

(47,988,46)

(58,265,98)

(47,988,46)

(44,687,33)

D

Other Banking Business

431,60

349,51

242,90

431,60

242,90

357,68

E

Unallocated

2,154,75

1,852,36

1,723,98

2,154,75

1,723,98

633,44

Total

43,816,16

41,763,97

37,648,71

43,816,16

37,648,71

38,220,49

 

Note: Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

For and on behalf of the Board

 

 

 

SHIKHA SHARMA

MD & CEO

Place: Mumbai

Date: 16th January, 2015

www.axisbank.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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