Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 2522 | Target | | | | | 2971 | Reco | | | | | BUY | Net Interest Income | 455,500 | 578,778 | 611,602 | 675,834 | 758,227 | Growth (%) | | 27 | 6 | 11 | 12 | Pre-provision Profit | 332,395 | 407,134 | 409,221 | 420,968 | 470,430 | Net Interest Margin | 3 | 3 | 3 | 3 | 3 | Net Profit | 106,850 | 153,431 | 179,162 | 141,738 | 171,548 | Growth (%) | | 44 | 17 | -21 | 21 | EPS, Rs | 168 | 229 | 262 | 190 | 230 | ABVPS, Rs | 1,198.6 | 1,427.5 | 1,495.0 | 1,450.4 | 1,625.8 | PER, x | 15 | 11 | 10 | 13 | 11 | P/BV, x | 2 | 2 | 1 | 1 | 1 | ROA, % | 1 | 1 | 1 | 1 | 1 | ROE, % | 12.4 | 15.6 | 15.0 | 10.1 | 10.8 |
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