The stock hit a new 52-week high on the back of its robust Q4FY13 numbers.  YoY the growth is tremendous and on QoQ, given the circumstances, it is pretty good. The Bank posted  a net profit at Rs.307 crore, up 38% on YoY and 15% sequentially. And this was due to the higher interest income – NII at Rs.661 crore, was up 42% YoY and 31% on aQoQ.  Consequently NIM improved to 3.7% compared to 3.46% in Q3 and 3.29% in Q4FY12.  In the coming months, we will probably not see much improvement in NIM from here as interest rates are coming down.

Advances rose 26% (YoY) at Rs.44,321 crore and deposits rose 28% at Rs.54,117 crore.  51% of its loan goes to consumers for buying vehicles and equipments and in Q4 too, demand from this segment dominated. Net NPA at 0.31% was up from 0.27% (YoY) and 0.3% (QoQ). Provision coverage at 70.13% is almost at same levels sequentially but YoY, it was down from 72.72%. Networth was at Rs.7418 crore. Its branch network currently stands at 500.