South Indian Bank rose 1.46% to Rs 24.30 at 13:32 IST on BSE after the bank's net profit rose 26.14% to Rs 153.83 crore on 19.51% rise in total income to Rs 1286.37 crore in Q4 March 2013 over Q4 March 2012.
The bank announced the Q4 results during market hours today, 6 May 2013.
Meanwhile, the BSE Sensex was up 44.15 points, or 0.23%, to 19,619.79.
On BSE, 9.63 lakh shares were traded in the counter as against an average daily volume of 2.9 lakh shares in the past one quarter.
The stock hit a high of Rs 25.25 and a low of Rs 24.10 so far during the day. The stock had hit a record high of Rs 30.65 on 7 January 2013. The stock had hit a 52-week low of Rs 20.10 on 31 August 2012.
The stock had underperformed the market over the past one month till 3 May 2013, falling 1.84% compared with the Sensex's 4.12% rise. The scrip had also underperformed the market in past one quarter, sliding 13.22% as against Sensex's 1.04% fall.
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The mid-cap bank has an equity capital of Rs 133.85 crore. Face value per share is Rs 1.
The bank's net profit rose 25.05% to Rs 502.27 crore on 24.5% rise in total income to Rs 4769.22 crore in the year ended March 2013 (FY 2013) over FY 2012
The bank's ratio of net non-performing assets (NPA) to net advances rose to 0.78% of net advances as on 31 March 2013 from 0.68% as on 31 December 2012 and 0.28% as on 31 March 2012. The ratio of gross NPA stood at 1.36% of gross advances as on 31 March 2013, lower than 1.62% as on 31 December 2012 and higher than 0.97% as on 31 March 2012.
The board of directors have recommended a dividend of 70 paise per share for the year ended 31 March 2013.
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