Central Bank of India lost 0.79% to Rs 87.80 at 9:56 IST on BSE after the bank reported net loss of Rs 641.82 crore in Q2 September 2016 compared with net profit of Rs 112.87 crore in Q2 September 2015.
The result was announced after market hours on Friday, 4 November 2016.Meanwhile, the S&P BSE Sensex was up 213.42 points or 0.78% at 27,487.57.
On BSE, so far 35,000 shares were traded in the counter as against average daily volumes of 2.45 lakh shares in the past one quarter. The stock hit a high of Rs 88.45 and a low of Rs 86.05 so far during the day. The stock had hit a 52-week low of Rs 48.20 on 17 February 2016. The stock had hit a 52-week high of Rs 112 on 20 June 2016. The stock had underperformed the market over the past one month till 4 November 2016, sliding 6.55% compared with 3.74% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 8.76% as against Sensex's 1.59% fall.
The large-cap bank has equity capital of Rs 1885.03 crore. Face value per share is Rs 10.
Central Bank of India's total income decreased 2% to Rs 6965.45 crore in Q2 September 2016 over Q2 September 2015.
The bank's provisions and contingencies jumped 157.4% to Rs 1661.21 crore in Q2 September 2016 over Q2 September 2015.
Also Read
The bank's gross non-performing assets (NPAs) stood at Rs 25717.95 crore as on 30 September 2016 compared with Rs 25107.47 crore as on 30 June 2016 and Rs 13358.15 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 13.7% as on 30 September 2016 as against 13.52% as on 30 June 2016 and 6.86% as on 30 September 2015. The ratio of net NPAs to net advances stood at 8.17% as on 30 September 2016 compared with 8.17% as on 30 June 2016 and 3.83% as on 30 September 2015.
The Government of India holds 82.02% stake in Central Bank of India (as per the shareholding pattern as on 30 September 2016).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content