Axis Bank Regs Regulatory News (AXB)

9 Jan 2008 08:48

Axis Bank Limited09 January 2008 Axis Bank Regd. Office : 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Law Garden, Ellisbridge, Ahmedabad - 380 006. UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2007 (Rs. in crores) FOR THE FOR THE FOR THE FOR THE FOR THE QUARTER QUARTER NINE MONTHS NINE MONTHS YEAR PARTICULARS ENDED ENDED ENDED ENDED ENDED 31.12.2007 31.12.2006 31.12.2007 31.12.2006 31.03.2007 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Interest earned (a)+(b)+ 1,802.34 1,164.81 4,989.88 3,120.14 4,461.65(c)+(d)(a) Interest/discount on 1,229.72 705.30 3,375.56 1,866.64 2,702.85advances/bills(b) Income on Investments 534.94 432.47 1,509.58 1,175.82 1,632.72(c) Interest on balances withReserve Bank of India and otherinter-bank funds 27.37 13.51 70.08 42.59 77.30(d) Others 10.31 13.53 34.66 35.09 48.78 2. Other Income 487.90 279.74 1,239.02 709.01 1,010.11 3. TOTAL INCOME (1+2) 2,290.24 1,444.55 6,228.90 3,829.15 5,471.76 4. Interest Expended 1,055.00 773.78 3,232.96 2,090.78 2,993.32 5. Operating expenses (i)+ 562.96 336.95 1,492.86 871.56 1,214.59(ii)(i) Employees cost 173.48 114.66 485.80 292.42 381.35(ii) Other operating 389.48 222.29 1,007.06 579.14 833.24expenses 6. TOTAL EXPENDITURE (4)+(5)(Excluding Provisions andContingencies) 1,617.96 1,110.73 4,725.82 2,962.34 4,207.91 7. OPERATING PROFIT (3-6)(Profit before Provisions andContingencies) 672.28 333.82 1,503.08 866.81 1,263.85 8. Provisions (other than 200.05 51.47 415.42 186.36 267.61tax) and Contingencies (Net) 9. Exceptional Items - - - - - 10. Profit/(Loss) from Ordinary 472.23 282.35 1,087.66 680.45 996.24Activities before Tax (7-8-9) 11. Tax expense 165.40 97.74 378.03 233.31 337.21 12. Net Profit/(Loss) fromOrdinary Activities after Tax(10-11) 306.83 184.61 709.63 447.14 659.03 13. Extraordinary Items (net of - - - - -tax expense) 14. Net Profit/(Loss) for the 306.83 184.61 709.63 447.14 659.03period (12-13) 15. Paid-up equity share 357.37 281.19 357.37 281.19 281.63capital(face value Rs. 10/- per share) 16. Reserves excluding 3,111.60revaluation reserves (as perbalance sheet of previousaccounting year) 17. Analytical Ratios (i) Percentage ofShares held by Government of India NIL NIL NIL NIL NIL (ii) Capital Adequacy 16.88% 11.83% 16.88% 11.83% 11.57%Ratio (iii) Earnings per Share(EPS) for the period / year (beforeand after extraordinary items) - Basic 9.44 6.59 21.83 15.96 23.50- Diluted 9.09 6.42 21.03 15.56 22.79 (iv) NPA Ratios(a) Amount of Gross Non-performingassets 447.57 472.25 447.57 472.25 418.67(b) Amount of Net Non-performing assets 234.26 266.93 234.26 266.93 266.33 (c) % of Gross NPAs 0.80 1.20 0.80 1.20 0.95 (d) % of Net NPAs 0.42 0.68 0.42 0.68 0.61 (e) Return on Assets 1.40 1.17 1.16 1.04 1.10(annualized) 18. Public Shareholding - Number of shares 183,717,136 147,627,347 183,717,136 147,627,347 148,241,566 - Percentage of shareholding 51.41% 52.50% 51.41% 52.50% 52.64% Notes : 1. The results above have been approved by the Board of Directors of the Bank at its meeting held at Mumbai today. 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 and ATM sharing fees. 3. Disclosure about investor complaints: Complaints at the Received during the quarter Disposed off during the Unresolved as on beginning of the quarter 31.12.2007 quarter - 179 179 - 4. These results for the nine months period ended 31st December 2007, have been subjected to a "Limited Review" by the Statutory Auditors of the Bank. 5. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current quarter figures. Place : Mumbai P.J. NAYAK Date : 09.01.2008 CHAIRMAN & CEO www.axisbank.com AXIS BANK Segmental Results (Rs. in crores) For the For the For the nine For the For the year quarter ended quarter months ended nine months ended 31-3-2007 31-12-2007 ended 31-12-2007 ended 31-12-2006 31-12-2006 1 Segment Revenue a Treasury 3,148.37 2,331.57 9,029.27 6,137.51 8,780.50 b Corporate/Wholesale Banking 1,211.62 1,386.90 3,408.44 3,625.38 5,308.26 c Retail Banking 1,166.98 2,928.90 d Other Banking Business (0.87) (15.90) Total 5,526.10 3,718.47 15,350.71 9762.89 14,088.76 Less Inter segment revenue 3,235.86 2,273.92 9,121.81 5,933.74 8,617.00 Income from Operations 2,290.24 1,444.55 6,228.90 3,829.15 5,471.76 2 Segment Results After Provisions & BeforeTax a Treasury 172.01 121.07 242.24 224.94 226.46 b Corporate/Wholesale Banking 316.20 161.28 837.63 455.51 769.78 c Retail Banking (15.11) 23.69 d Other Banking Business (0.87) (15.90) Total Profit Before Tax 472.23 282.35 1,087.66 680.45 996.24 3 Capital Employed a Treasury 3,716.18 1,630.08 3,716.18 1,630.08 (2,734.81) b Corporate/Wholesale Banking 15,009.21 1,691.59 15,009.21 1,691.59 6,128.04 c Retail Banking (11,188.67) (11,188.67) d Other Banking Business 1,112.47 1,112.47 Total 8,649.19 3,321.67 8,649.19 3,321.67 3,393.23 Notes: 1. Effective 1st April 2007, the Bank has adopted RBI's revised guidelines issued in April 2007 on segment reporting in terms of which the reportable segments have been changed to Treasury, Corporate / Wholesale Banking, Retail Banking and Other Banking Business. 2. Segmental results relating to the corresponding previous-year period and for the year ended 31st March, 2007, have been disclosed based on reportable segments then in force and are hence not comparable with the figures for the current quarter. This information is provided by RNS The company news service from the London Stock Exchange