Punjab National Bank fell 6.82% to Rs 145.65 at 13:18 IST on BSE after net profit fell 61.98% to Rs 306.56 crore on 7.66% increase in total income to Rs 13455.65 crore in Q4 March 2015 over Q4 March 2014.
The result was announced during trading hours today, 8 May 2015.
Meanwhile, the BSE Sensex was up 469.61 points, or 1.77%, to 27,068.72.
On BSE, so far 18.63 lakh shares were traded in the counter, compared with an average volume of 7.36 lakh shares in the past one quarter.
The stock hit a high of Rs 160 and a low of Rs 145.40 so far during the day. The stock hit a 52-week high of Rs 231.50 on 19 December 2014. The stock hit a 52-week low of Rs 142.50 on 27 March 2015.
The stock had outperformed the market over the past one month till 7 May 2015, rising 3.89% compared with 6.72% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 8.42% as against Sensex's 7.38% fall.
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The large-cap company has an equity capital of Rs 370.91 crore. Face value per share is Rs 2.
The results would have been worse but for a hefty tax reversal. There was a tax reversal of Rs 938.06 crore in Q4 March 2015 as against tax expense of Rs 228.39 crore in Q4 March 2014.
Punjab National Bank (PNB)'s ratio of net non-performing assets (NPAs) to net advances stood at 4.06% as on 31 March 2015, compared with 3.82% as on 31 December 2014 and 2.85% as on 31 March 2014.
The bank's ratio of gross NPAs to gross advances stood at 6.55% as on 31 March 2015, compared with 5.97% as on 31 December 2014 and 5.25% as on 31 March 2014.
Provisions and contingencies rose 79.28% to Rs 3834.19 crore in Q4 March 2015 over Q4 March 2014. The provisioning coverage ratio as on 31 March 2015 stood at 58.21%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.21% as on 31 March 2015, compared with 11.54% as on 31 December 2014 and 11.52% as on 31 March 2014.
PNB's net profit fell 8.41% to Rs 3061.58 crore on 9.22% increase in total income to Rs 52206.09 crore in the year ended March 2015 over the year ended March 2014.
Government of India holds 59.85% stake in PNB (as on 31 March 2015).
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