Punjab National Bank lost 5% to Rs 517.75 at 12:46 IST on BSE after net profit declined 52.56% to Rs 505.49 crore on 2.62% growth in total income to Rs 11632.84 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced during trading hours today, 8 November 2013.
Meanwhile, the S&P BSE Sensex was down 159.21 points or 0.76% at 20,663.56.
On BSE, 4.67 lakh shares were traded in the counter as against average daily volume of 2.77 lakh shares in the past one quarter.
The stock hit a high of Rs 549.85 and a low of Rs 515.55 so far during the day. The stock had hit a 52-week low of Rs 402.20 on 4 September 2013. The stock had hit a 52-week high of Rs 922.10 on 31 January 2013.
The stock had outperformed the market over the past one month till 7 November 2013, surging 16.64% compared with the Sensex's 4.66% rise. The scrip had, however, underperformed the market in past one quarter, advancing 2.32% as against Sensex's 11.56% rise.
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The large-cap public sector bank has equity capital of Rs 353.47 crore. Face value per share is Rs 10.
Punjab National Bank (PNB)'s ratio of gross non-performing assets (NPAs) to gross advances increased to 5.14% as on 30 September 2013 from 4.84% as on 30 June 2013 and 4.66% as on 30 September 2012. The ratio of net NPAs to net advances increased to 3.07% as on 30 September 2013 from 2.98% as on 30 June 2013 and 2.69% as on 30 September 2012.
The bank's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 12.32% as on 30 September 2013 as against 12.44% as on 30 June 2013 and 11.73% as on 30 September 2012. CAR as per Basel III norms stood at 11.62% as on 30 September 2013.
PNB's provisions and contingencies surged 76.81% to Rs 1898.73 crore in Q2 September 2013 over Q2 September 2012. Provision coverage ratio as on 30 September 2013 works out to 55.27%.
The bank's deposits grew 1.23% to Rs 405699.14 crore as on 30 September 2013 from Rs 400747.50 crore as on 30 September 2012. Advances rose 6.46% to Rs 313851.88 crore as on 30 September 2013 from Rs 294786.50 crore as on 30 September 2012.
The Government of India holds 57.87% stake in Punjab National Bank (as per the shareholding pattern as on 30 September 2013).
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