by NR INDRAN / INT

Net Profit increased from Rs.1,583 crores in Q1FY12 to Rs.3752 crores in Q1FY13 (137% YOY growth)

• Operating Profit increased from Rs.7,242, crores in Q1FY12 to Rs.8,177 crores in Q1FY13 (12.90%YOY growth).

• Capital Adequacy Ratio of the Bank increased from 11.60% (Tier I: 7.60%) in June 11 to 13.17% (Tier I: 9.38%) in June 2012 (157 bps YOY growth).

• Net Interest Income increased from Rs.9,699 crores in Q1FY12 to Rs.11,119 crores in Q1FY13 (14.63%YOY growth).

• Total Income increased from Rs.27,732 crores in Q1FY12 to Rs.32,415 crores in Q1FY13 a growth of 16.89%.

PROFITABILITY

Q1FY13 OVER Q1FY12

• Total Interest Income increased from Rs.24,197 crores in Q1FY12 to Rs.28,917 crores in Q1FY13 (19.50%YOY growth).

• Interest Income on Advances increased from Rs.18,256 crores in Q1FY12 to Rs. 22,135 crores in Q1FY13 (21.24%YOY growth).

• Interest Income on Resource Operations increased from Rs.5,580 crores in Q1FY12 to Rs.6,524 crores in Q1FY13 (16.92%YOY growth).

• Total Interest Expenses  increased from Rs.14,498 crores in Q1FY12 to Rs. 17,798 crores in Q1FY13 (22.76%YOY growth).

• Interest Expenses on Deposits increased from Rs.12,756 crores in Q1FY12 to Rs. 15,957 crores in Q1FY13 (25.09%YOY growth).

• Net Interest Income increased from Rs.9,699 crores in Q1FY12 to Rs. 11,119 crores in Q1FY13 (14.63%YOY growth).

• Operating Expenses increased from Rs.5,991 crores in Q1FY12 to Rs. 6,441 crores in Q1FY13 (7.50%YOY growth).

• Staff Expenses increased from Rs.3,917 crores in Q1FY12 to Rs.4,137 crores in Q1FY13 (5.62%YOY growth).

• Loan Loss Provisions has increased from Rs.2,782 in Q1FY12 to Rs.2,790 in Q1FY13 crores.

DEPOSITS

• Deposits  of the Bank increased from Rs.9,50,072 crores in June 11 to Rs.11,02,926 crores in June 12  a growth of 16.09%.

• Savings Bank deposits increased from Rs.3,44,387 crores in June 11 to Rs.3,90,410 crores in June 12 (13.36% YOY growth) .

ADVANCES

• Gross Advances increased from Rs.7,88,153 crores  in June 11 to Rs.9,45,819 crores in June 12 (20.00% YOY growth).

• Credit Deposit Ratio (Domestic) increased from 76.68% in June 11 to 77.75% in June 12, an increase of 107 bps.

• Large Corporate advances increased from Rs.1,14,122 crores in June 11 to Rs.1,41,533 crores in June 12 (24.02%. YOY growth).

• Mid-Corporate Advances increased from Rs.1,57,756  crores in June 11 to Rs.1,67,756 crores in June 12 (6.34% YOY growth).

• Retail advances increased from Rs.1,65,131 crores in June 11 to Rs.1,86,322 crores in June 12 (12.83% YOY  growth).

Home loans increased from Rs.93,225 crores in June 11 to Rs.1,05,383 crores in June 12 (13.04% YOY growth).

Auto Loans increased by 22.53% YOY and Education Loans increased by 10.97% YOY

• SME Advances increased from Rs. 1,23,249 crores in June 11 to Rs.1,34,319 crores in June 12(8.98%YOY growth).

• Agri advances increased from Rs.95,452 crores in June 11 to Rs.1,20,130 crores in June 12 (25.85% YOY growth).

• International advances increased from Rs.1,10,712 crores in June 11 to Rs.1,64,308 crores in June 12 (48.41% YOY growth).

KEY FINANCIAL RATIOS:

• Return on Assets (ROA) has increased to 1.03% in June 12 as against 0.50% in June 11.

• Cost to income ratio improved to 44.06% in June 12 from 45.27% in June 11.

• Average Cost of Deposits increased from 5.66% in June 11 to 6.24% in June 12 (58 bps YOY growth).

• Yield on Advances increased from 10.43% in June 11 to 10.86 in June 12 (43 bps YOY growth).

Performance of Associates and Subsidiaries:

• Operating Profit of Associate Banks increased from Rs.1,735 crores in Q1FY12 to Rs.2,230 crores in Q1FY13 (28.56% YOY growth), while Net Profit is up by 28.85%

• The SBI Life Insurance Company Ltd has posted a profit after tax of Rs. 163 crores a YOY growth of 13.2%.

• SBI Funds Management Pvt Ltd registered a profit after tax of Rs.26 crores (YOY growth of 36%).

• SBI Group Operating Profit for Q1FY13 at Rs.10,842 crores is up by 17.26% from Rs.9,246 crores in Q1FY12, while Net Profit is up to Rs.4,875 crores as compared to Rs.2,512 crores in Q1FY12 a growth of 94.02%.

You can contact author @ [email protected]