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FINANCIAL RESULTS FOR THE QUARTER /NINE
MONTHS ENDED MARCH
31, 2004
(Rs. Cr.) |
Sr.
no |
Particulars |
1 |
2 |
3 |
4 |
Quarter
ended
31-3-2004 |
Quarter
ended
31-3-2003 |
Months
ended
31-03-2004 |
Year ended
31-03-2003 |
| (Audited) |
(Unaudited) |
(Audited) |
(Audited) |
| 1 |
Income
from operations |
1901 |
1841 |
6835 |
7337 |
| 2 |
Other
income |
71
|
62 |
143 |
144 |
| 3 |
Total
Expenditure |
|
|
|
|
| |
(a) Staff cost |
29 |
26 |
104 |
88 |
| |
(b) Bond issue expenses w/off |
19 |
25 |
72 |
72 |
| |
(c) Other Expenditure |
26 |
30 |
106 |
123 |
| |
Total Expenditure (except interest cost) |
74 |
81 |
282 |
283 |
| 4 |
Interest
Cost |
1174 |
1061 |
4715 |
5434 |
| 5 |
Profit
before Depreciation and
provision (1+2-3-4) |
724 |
761 |
1981 |
1764 |
| 6 |
Depreciation |
27 |
44
|
109 |
199 |
| 7 |
Bad
and doubtful debts/ investments written-off/
provided for |
615 |
450 |
1540 |
1110 |
| 8 |
Profit
before tax (5-6-7) |
82 |
267 |
332 |
455 |
| 9 |
Provision for
taxation |
11 |
74 |
65 |
92 |
| 10 |
Deferred
tax credit
|
31 |
16 |
58 |
38 |
| 11 |
Net
profit (8-9+10) |
102 |
209 |
325 |
401 |
| 12 |
Paid
up Equity Share Capital
(Face value Rs. 10 per share) |
653 |
653 |
653 |
653 |
| 13 |
Reserves
excluding Revaluation
Reserves |
|
|
|
6292 |
| 14 |
Earning Per
Share (Rs.) -Basic/ Diluted |
1.56 |
3.20 |
4.98 |
6.15 |
| 15 |
Aggregate
of Non-Promoter shareholding |
|
|
|
|
| |
-Number
of shares |
271102400 |
271102400 |
271102400 |
271102400 |
| |
-Percentage
of shareholding |
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 current accounting year
has been extended by a period of six months i.e.
upto September 30, 2004.
-
The working results for quarter / twelve
months ended 31st March 2004 have been arrived
at after considering provisions for Bad
& Doubtful Debts, Income Tax, deferred
tax adjustments as per AS-22 of ICAI and other
usual and necessary provisions on an estimated
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 28 investor
grievances pending as on January
1, 2004. During the quarter, the
bank received 13804 investor grievances. Out of
the aggregate 13832 grievances,
13641 have been redressed during
the quarter and 191 grievances 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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Date :
April 29, 2004 |
(M. Damodaran) |
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Chairman
& Managing Director. |
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