Performance sheet

Working results: (Rs. Crore) Q1 2011-12 Total Income Interest income Q1 2010-11 6060 5629 FY 2010-11 4755 4282 20684 18541

Non-Interest Income
Total Expenses Interest expenses Operating expenses Operating Profit Provisions (net) Net Profit

431
5029 4476 553 1031 696 335

473
3924 3438 486 831 580 251

2143
16527 14272 2255 4157 2507 1650

Interpretaion FY12 results vis--vis FY11

Net profit up 34 % to Rs. 335 Crore (from Rs. 251 Crore) NII grew by 36% to Rs. 1152 Crore (from Rs. 844 Crore) NIM at 2.07% (from 1.61% ) Business(Revenue) up 13% to Rs. 3,31,266 Crore (from Rs. 2,92,533 Crore) Deposits increased by 12% to Rs. 1,76,282 Crore (from Rs. 1,57,204 Crore) Advances up by 15% to Rs. 1,54,984 Crore (from Rs. 1,35,329 Crore) Total assets grew by 11% to Rs. 2,49,571 Crore (from Rs. 2,24,658 Crore)

Key Financial Ratios

Investment Valuation Ratios Mar '11 Mar '10 Mar '09 Mar '08

Face Value
Dividend Per Share Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital

10
3.5 24.23 203.54 93.88 24.86

10
3 28.72 235.4 77.72 33.77

10
2.5 12.88 174.79 70.83 33.77

10
2 10.85 126.38 66.69 33.77

Profitability Ratios

Key Profitability Ratios

Mar '11
2.77 8.76 8.12 131.48 13.02 13.04

Mar '10
2.14 6.48 5.95 174.83 12.53 12.55

Mar '09
2.88 7.02 6.71 151.49 11.53 11.35

Mar '08
1.76 8.73 7.84 120.38 10.72 10.71

Interest Spread Adjusted Cash Margin(%) Net Profit Margin Return on Long Term Fund(%) Return on Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations

128.69

113.5

102.71

93.82

147.95

140.23

130.02

121.72

Management Efficiency Ratios

Mar '11
Interest Income / Total Funds Net Interest Income / Total Funds Non Interest Income / Total Funds Interest Expended / Total Funds Operating Expense / Total Funds Profit Before Provisions / Total Funds Net Profit / Total Funds

Mar '10

Mar '09

Mar '08

8.3 2.39
0.11

8.49 2.02
0.13

8.47 1.58
0.08

7.95 1.56
0.12

5.91 1.4

6.47 0.98

6.89 0.96

6.39 0.88

1.05 0.68

1.12 0.51

0.67 0.57

0.73 0.63

Ratios
Debt Coverage Ratios
Credit Deposit Ratio Investment Deposit Ratio Cash Deposit Ratio Total Debt to Owners Fund Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax 84.82 40.68 9.61 14.24 0.19 86.28 44.06 8.03 20.38 1.18 100.13 44.69 8.24 15.1 1.1 124.35 50.26 10.4 10.74 1.13 166.12 73.57 11.66 6.95 1.11

1.12

1.09

1.09

1.11

1.13

Leverage Ratios
Current Ratio 0.02 0.03 0.04 0.05 0.11

Quick Ratio

26.78

19.49

18.98

9.07

7.55

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit Dividend Payout Ratio Cash Profit Earning Retention Ratio 24.23 22.49 75.81 24.14 22.18 75.9 24.69 23.26 74.93 22.92 20.56 77.06 20.16 16.89 71.86

Interpretation of key ratios

Increment of net profit margin in FY11(8.12) compared to FY10(5.95),FY09(6.71) signals to better strategic decisions of management. Returns on Net Worth(%) increased constantly in last 3 years signals to increase in EVA(economic value added) for IDBI. Interest spread has increased to 2.77 from 2.14(Fy10 ),signalling realization of more interest income than interest income. NPA of idbi has gone up from 1.7% to 2.7% in FY11.This becomes a area of concern for IDBI which normally has a history of low NPAs. Decrease of quick ratio indicates that IDBI has less short term funds to pay off short term debt,not a very healthy sign . Although,decrement being pretty minimal. Cash deposit ratio has increased considerably Earnings Per Share also saw a jump to 16.76 from 14.23 ,11.85, 10.06 (ongoing basis) Book Value also increased to 128.69 from 113.5 ,102.71, 93.82, 86.09 (ongoing basis). Investor sentiments improved for IDBI as evident from EPS and also valuation increased owing to higher book value.