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Saturday, May 25, 2013

Karur Vysya Bank net up 8% in Q4

Karur Vysya Bank Ltd has reported 8 per cent growth in net profit at Rs 158.58 crore for the fourth quarter ended March 31, 2013, against Rs 146.79 crore in the comparable previous year quarter.

The total business during the quarter grew a little over 21 per cent to Rs 1,284 crore from Rs 1,059 crore last year.

Gross non-performing assets stands at 0.96 per cent against 1.33 per cent last year, and net non-performing assets were at 0.37 per cent (0.33 per cent). The company’s earnings per share at the end of the quarter under consideration moved up to Rs 14.80 from Rs 13.69 last year. Capital adequacy ratio was at 14.41 per cent.

For the full year, the bank posted a net profit of Rs 550 crore, against Rs 501 crore for the year 2011-12. The total business grew to Rs 4,694 crore from Rs 3,620 crore in the previous year.

The bank has recommended a dividend of Rs 14 per equity share of Rs 10, for the year 2012-13.

Source: thehindubusinessline


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