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FINANCIAL RESULTS FOR THE QUARTER /NINE
MONTHS ENDED DECEMBER 31, 2003
(Rs. Cr.) |
Sr.
no |
Particulars |
1 |
2 |
3 |
4 |
5 |
Quarter
ended
31-12-03 |
Quarter
ended
31-12-02 |
Nine-Months
ended
31-12-03 |
Nine-Months
ended
31-12-02 |
Accounting
year ended 31-03-03 |
| (Audited) |
(Unaudited) |
(Audited) |
(Unaudited) |
(Audited) |
| 1 |
Income
from operations |
1639 |
1797 |
4934 |
5497 |
7337 |
| 2 |
Other
income |
26
|
27 |
72 |
81 |
144 |
| 3 |
Total
Expenditure |
|
|
|
|
|
| |
(a) Staff cost |
25 |
21 |
75 |
62 |
88 |
| |
(b) Bond issue expenses w/off |
17 |
12 |
53 |
47 |
72 |
| |
(c) Other Expenditure |
28 |
29 |
80 |
93 |
123 |
| |
Total Expenditure (except interest cost) |
70 |
62 |
208 |
202 |
283 |
| 4 |
Interest
Cost |
1160 |
1447 |
3541 |
4373 |
5434 |
| 5 |
Profit
before Depreciation and
provision (1+2-3-4) |
435 |
315 |
1257 |
1003 |
1764 |
| 6 |
Depreciation |
(7) |
51
|
82 |
154 |
199 |
| 7 |
Bad
and doubtful debts/ investments written-off/
provided for |
389 |
222 |
925 |
660 |
1110 |
| 8 |
Profit
before tax (5-6-7) |
53 |
42 |
250 |
189 |
455 |
| 9 |
Provision
for taxation (net of Deferred
tax) |
6 |
2 |
27 |
(4) |
54 |
| 10 |
Net
profit (8-9) |
47 |
40 |
223 |
193 |
401 |
| 11 |
Paid
up Equity Share Capital
(Face value Rs. 10 per share) |
653 |
653 |
653 |
653 |
653 |
| 12 |
Reserves
excluding Revaluation
Reserves |
|
|
|
|
6292 |
| 13 |
Earning Per Share (Rs.) (not annualised)
-Basic/ Diluted |
0.71 |
0.62 |
3.42 |
2.95 |
6.15 |
| 14 |
Aggregate
of Non-Promoter shareholding |
|
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-Number
of share |
271102400 |
271102400 |
271102400 |
271102400 |
271102400 |
| |
-Percentage
of shareholding |
41.53 |
41.53 |
41.53 |
41.53 |
41.53 |
| Notes:
The above results have been taken on record
by the Board of Directors at their meeting
held on January 30, 2004.
-
The Industrial Development Bank (Transfer
of Undertaking and Repeal) Bill, 2003
received the assent of The President
and has become an Act of Parliament.
The Act envisages that with effect
from appointed day the undertaking
of IDBI will be transferred to and
vest in the Industrial Development
Bank of India Limited which shall
carry on banking business in addition
to the business which may be carried
on by IDBI. The appointed day is yet
to be notified.
-
The working results for quarter /
nine months ended 31st December 2003
have been arrived at after considering
provisions for Bad & Doubtful
Debts, Income Tax (after considering
deferred tax adjustments as per AS-22
of ICAI) and other usual and necessary
provisions on an estimated basis.
-
In case of investments classified
under Available for Sale, valuation
thereof is made on yearly basis.
-
There are no reportable segments under
Accounting Standard 17 as the bank’s
operations predominantly comprise
of only one segment i.e. Wholesale
Banking.
- There were no
pending investor complaints as on October
1, 2003. During the quarter, the bank
received 13009 investor complaints.
12981 complaints were redressed during
the quarter and 28 complaints are lying
unresolved at the end of the quarter.
-
The
figures of the previous year / period
have been regrouped wherever required.
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By
order of the Board |
| Place
: Mumbai |
sd/- |
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January 30, 2004 |
(M. Damodaran) |
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Chairman
& Managing Director. |
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