Federal Bk S Regulatory News (FEDS)

THE FEDERAL BANK LIMITED

REGD. OFFICE: ALUVA

UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER ENDED 31 DECEMBER 2008

(Rs.Crore)

Quarter ended

31 December

Nine months period ended

31 December

Year ended

31 March 2008

2008

(Unaudited)

2007

(Unaudited)

2008 

(Unaudited)

2007 

(Unaudited)

(Audited)

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

876.42

648.66

2449.64

1798.25

2515.44

(a) Interest/discount on advances/bills

700.32

475.92

1899.34

1307.96

1827.32

(b) Income on Investments

166.50

159.69

517.47

441.74

621.80

(c) Interest on balances with RBI and other inter bank funds

6.84

13.02

20.32

34.14

37.47

(d) Others

2.76

0.03

12.51

14.41

28.85

2. Other Income

164.81

84.95

365.23

270.12

394.99

3. TOTAL INCOME (1+2)

1041.23

733.61

2814.87

2068.37

2910.43

4. Interest expended

491.83

444.96

1455.08

1203.26

1647.43

5. Operating Expenses (i)+(ii)

164.99

121.02

418.93

332.43

468.88

(i) Employee Cost

102.95

71.58

240.59

197.58

271.23

(ii) Other operating expenses

62.04

49.44

178.34

134.85

197.65

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

656.82

565.98

1874.01

1535.69

2116.31

7. OPERATING PROFIT (3-6) 

384.41

167.63

940.86

532.68

794.12

(Profit before Provisions and Contingencies)

8. Provisions (other than tax) and Contingencies

49.97

34.53

379.24

156.31

293.97

9. Exceptional Items

Nil

Nil

Nil

Nil

Nil

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

334.44

133.10

561.62

376.37

500.15

11. Tax expense

130.55

30.18

175.30

111.18

132.10

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

203.89

102.92

386.32

265.19

368.05

13. Extra ordinary items (net of tax expense)

Nil

Nil

Nil

Nil

Nil 

14. Net Profit(+)/Loss(-) for the period (12-13)

203.89

102.92

386.32

265.19

368.05

15. Paid-up equity share capital

(Face value Rs.10/-)

171.03

85.60

171.03

85.60

171.03

16. Reserves excluding revaluation reserve (as per Balance Sheet of the previous accounting year)

3748.30

17. Analytical Ratios

(i) Percentage of shares held by Government of India

Nil

Nil

Nil

Nil

Nil

(ii) Capital Adequacy ratio (%)

19.85

13.12

19.85

13.12

22.46

(iii) Earnings per Share (EPS)

a) Basic and diluted EPS before Extra ordinary items (net of tax expense)

b) Basic and diluted EPS after Extra ordinary items

11.92*

11.92*

12.02*

12.02*

22.59*

22.59*

30.98*

30.98*

32.42

32.42

(iv) NPA Ratios

a) Gross NPA

625.72

494.75

625.72

494.75

468.59

b) Net NPA

70.61

51.40

70.61

51.40

43.20

c) % of Gross NPA 

2.83

2.76

2.83

2.76

2.42

d) % of Net NPA

0.33

0.29

0.33

0.29

0.23

(v) Return on Assets (%)

0.62*

0.36*

1.17*

1.00*

1.34

18. Public Shareholding:

- Number of Shares

1614.31lakh

 741.25lakh

1614.31lakh

 741.25 lakh

1530.70 Lakh

- Percentage of shareholding

94.44

86.59

94.44

86.59

89.55%

Quarter ended

Nine months period ended

Year ended

31-Dec-08

31-Dec-07

31-Dec-08

31-Dec-07

31-Mar-08

Segment Revenue:

Treasury operations

232.29

183.97

574.35

496.08

703.24

Corporate/Wholesale Banking

132.70

549.64

518.29

1572.29

533.60

Retail Banking

665.95

1686.67

1605.82

Other Banking operations 

10.29

35.56

67.77

Total Revenue

1041.23

733.61

2814.87

2068.37

2910.43

Segment Results (net of provisions):

Treasury operations

151.69

13.65

32.92

38.04

-6.46

Corporate/Wholesale Banking

-50.03

119.45

7.44

338.33

31.86

Retail Banking

238.59

541.70

466.10

Other Banking operations

-5.81

-20.44

8.65

Total Profit before Tax

334.44

133.10

561.62

376.37

500.15

Capital employed:

Treasury operations

1307.21

180.81

1307.21

180.81

1334.21

Corporate/Wholesale Banking

1100.88

1586.39

1100.88

1586.39

845.89

Retail Banking

1899.07

1899.07

1736.23

Other Banking operations 

4.86

4.86

9.37

Total

4312.02

1767.20

4312.02

1767.20

3925.70