South Indian Bank fell 17.59% to Rs 18.50 at 15:19 IST on BSE after net profit fell 77.29% to Rs 23.04 crore on 5.25% increase in total income to Rs 1799.81 crore in Q1 June 2018 over Q1 June 2017.
The result was announced on Saturday, 21 June 2018.Meanwhile, the S&P BSE Sensex was up 234.40 points, or 0.64% to 36,730.77.
On the BSE, 59.43 lakh shares were traded in the counter so far compared with average daily volumes of 8.38 lakh shares in the past two weeks. The stock had hit a high of Rs 20.60 and a low of Rs 18.45 so far during the day. The stock hit a record high of Rs 34.75 on 9 January 2018. The stock hit a 52-week low of Rs 18.45 on 23 July 2018.
The bank's gross non-performing assets (NPAs) stood at Rs 2552.18 crore as on 30 June 2018 as against Rs 1980.30 crore as on 31 March 2018 and Rs 1695.71 crore as on 30 June 2017.
The ratio of gross NPAs to gross advances stood at 4.54% as on 30 June 2018 as against 3.59% as on 31 March 2018 and 3.61% as on 30 June 2017.
The ratio of net NPAs to net advances stood at 3.27% as on 30 June 2018 as against 2.60% as on 31 March 2018 and 2.54% as on 30 June 2017.
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The bank's provisions and contingencies rose 3.22% to Rs 231.53 crore in Q1 June 2018 over Q1 June 2017.
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