|
|
| |
AUDITED
FINANCIAL RESULTS FOR THE PERIOD
ENDED MARCH 31, 2005
|
| (
Rs.in Crore.) |
|
Particulars |
Quarter
ended
31.12.04 #
|
<Current
period ended
31.03.05 ##
(6 months)
|
Previous
period ended 30.09.04 #(18 months) |
1.
Interest earned
(a)+(b)+(c)+(d) |
1063.77 |
2655.72 |
8157.63 |
|
(a)Interest/discount on advances/bills |
873.58 |
2185.65 |
6934.67 |
|
(b) Income on investments |
163.88 |
395.45 |
1117.27 |
|
(c) Interest on balances with Reserve
Bank of India and other inter bank funds
|
26.31 |
70.46 |
76.93 |
|
(d) Others |
0.00 |
4.16 |
28.76 |
|
2. Other Income |
195.31 |
627.13 |
1757.59 |
|
A. TOTAL INCOME (1+2) |
1259.08 |
3282.85 |
9915.22 |
|
3. Interest Expended |
1097.57 |
2467.87 |
7080.30 |
|
4. Operating Expenses (e)+(f) |
97.20 |
453.96 |
681.49 |
|
(e) Payments to and provisions for employees
|
23.20 |
149.34 |
168.34 |
|
(f) Other operating expenses |
74.00 |
304.62 |
513.15 |
|
B. TOTAL EXPENDITURE (3)+(4) (excluding
Provisions and Contingencies) |
1194.77 |
2921.83 |
7761.79 |
|
C. OPERATING PROFIT (A-B) (Profit beforeProvisions
and Contingencies) |
64.31 |
361.02 |
2153.43 |
|
D. Other Provisions and Contingencies
(net) |
2.18 |
53.76 |
1688.43 |
| -
of which provision for non-performing
assets |
6.15 |
72.54 |
1691.95 |
|
- Provision for Taxes |
(3.97) |
(18.78) |
(3.52) |
|
E. Net Profit (C-D) |
62.13 |
307.26 |
465.00 |
|
5. Paid-up equity share capital |
652.88 |
721.77
|
652.83 |
|
6. Reserves excluding Revaluation reserves
(as per balance sheet of previous accounting
year) |
|
5170.64 |
5146.52 |
|
7. Analytical Ratios |
|
|
|
|
(i) Percentage of shares held by Government
of India |
58.48 |
52.89 |
58.47 |
|
(ii) Capital Adequacy Ratio |
19.2% |
15.5% |
18.2% |
|
(iii) Earning per Share (Rupees) (not
annualised) |
0.95 |
4.26 |
7.12 |
| - diluted
|
0.95 |
4.25 |
7.12 |
|
(iv) |
(a) Amount of gross non- performing
assets (net of write-off) |
1031.07 |
1215.90
|
1197.64 |
|
|
(b) Amount of net non-performing assets |
864.84 |
847.49 |
881.89 |
|
|
(c) % of gross NPAs (net of write-off) |
2.82% |
2.5% |
3.23% |
|
|
(d) % of net NPAs |
2.4% |
1.7% |
2.4% |
|
(v) Return on assets (annualised) |
0.39% |
0.78% |
0.49% |
8. Aggregate of Non Promoter Shareholding
- No. of shares
- Percentage of Shareholding
|
271102400
41.52 |
339997022
47.11 |
271102400
41.53 |
#
Pertains to erstwhile IDBI
## Pertains to merged entity
CONSOLIDATED
FINANCIAL RESULTS OF IDBI AND ITS
SUBSIDIARIES
| (Rs.Crore.) |
|
Particulars |
Accounting
period ended
31-3-05
(6 months)
|
1. Interest
earned
(a)+(b)+(c)+(d)
|
2720.50 |
| (a)Interest/discount
on advances/bills |
2185.71 |
| (b) Income
on investments |
395.55 |
(c) Interest
on balances with Reserve Bank
of India and other inter
bank funds
|
70.46 |
| (d) Others
|
68.78 |
| 2. Other
Income |
631.95 |
| A. TOTAL
INCOME (1+2) |
3352.45 |
| 3. Interest
Expended |
2509.73 |
| 4. Operating
Expenses (e)+(f) |
468.75 |
| (e) Payments
to and provisions for employees
|
152.85 |
| (f) Other
operating expenses |
315.90 |
| B. TOTAL
EXPENDITURE (3)+(4) (excluding
Provisions and Contingencies) |
2978.48 |
| C. OPERATING
PROFIT (A-B) (Profit before
Provisions and Contingencies) |
373.97
|
|
D. Other Provisions and Contingencies
(net) |
55.40 |
| -
of which provision for non-performing
assets |
72.54 |
| - Provision
for Taxes |
17.14 |
| E. Net
Profit (C-D) |
318.57 |
| 5. Paid-up
equity share capital |
721.77 |
| Fully
paid shares (face value Rs.10
per share) |
|
| G. Reserves
excluding Revaluation Reserves
|
5480.57 |
|
H. Earning per Share (Rupees)
(not annualised) |
4.42 |
| - diluted
|
4.41 |
CONSOLIDATED SEGMENTAL INFORMATION OF IDBI LTD AND SUBSIDIARIES
| (Rs.Crore) |
| Sr.
No. |
Particulars |
Accounting
period ended
31-3-05
(6 months)
|
| 1 |
Segment
Revenue |
|
| |
Wholesale
banking |
3033.90 |
| |
Treasury |
529.64 |
| |
Others |
532.32 |
| |
TOTAL
|
4095.86 |
| |
Less :-
Inter-segment revenue |
743.41 |
| |
Net
income from operations |
3352.45 |
| |
|
|
| 2 |
Segment
Results -Profit/(loss) before
tax |
|
| |
Wholesale
banking |
220.92 |
| |
Treasury |
29.81 |
| |
Others |
50.70 |
| |
TOTAL |
301.30 |
| |
Less: Other unallocable expenditure
net of unallocable income |
nil |
| |
Total
profit before tax |
301.43 |
| |
Income
taxes |
17.14 |
| |
Net
profit |
318.57 |
| |
|
|
| 3 |
Segment
assets |
|
| |
Wholesale
banking |
69890.39 |
| |
Treasury |
1509.84 |
| |
Others
|
9646.62 |
| |
Unallocated
corporate assets |
1952.59 |
| |
Total
assets |
82999.44 |
|
Notes:
- Upon receipt of sanction by the Reserve Bank of India, amalgamation of IDBI Bank Ltd. with IDBI Ltd. has become effective. The appointed day for the amalgamation was October 1, 2004. The above results pertain to IDBI Ltd. as the merged entity.
- Consequent upon amalgamation, the equity capital of IDBI Ltd. has increased by Rs.68.89 Cr.
- Consequent to the notification of October 1, 2004 as the appointed day under the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 (Repeal Act), the undertaking of Industrial Development Bank of India (the Bank) has been transferred to, and vested in Industrial Development Bank of India Ltd. (IDBI Ltd.). Figures of the current period (Oct'04 - Mar'05) pertain to Industrial Development Bank of India Limited and that of previous period pertain to the erstwhile Industrial Development Bank of India and have been regrouped from the published audited financial information of that entity.
- The above results have been taken on record by the Board of Directors of Industrial Development Bank of India Ltd., at their meeting held on April 29, 2005.
- Dividend at Rs.0.75 per share on equity shares for the six months has been recommended by the Board for adoption by the Shareholders.
- The requirement of provisions/write-off for loans and advances has generally been determined on the basis of the RBI guidelines on asset classification and provisioning and keeping in view the record of recovery and other relevant factors.
- There were 101 investor grievances pending as on January 1, 2005. During the quarter, the bank received 12217 investor grievances. Out of the aggregate 12318 grievances, 11904 have been redressed during the quarter and 414 grievances are pending for resolution at the end of the quarter.
- In the light of the earlier accounting period being for 18 months extending upto end of 1st half year of the current financial year 2004-05, the current accounting period pertaining to the merged entity is of six months, coterminus with the second half year of the same financial year ending March 31, 2005. Further, the accounts for the accounting period is for the merged entity incorporating the operations by erstwhile IDBI Bank Ltd. Hence, results for the current accounting period are not comparable to that of the previous year results pertaining to erstwhile IDBI.
- The figures of the previous accounting period have been regrouped and adjusted wherever required.
|
By
order of the Board
sd/-
|
Place : Mumbai
Date : April 29, 2005 |
(V.P.Shetty)
Chairman |
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