State Bank of Mysore rose 2.19% to Rs 436.10 at 9:50 IST on BSE after net profit rose 29.52% to Rs 131.98 crore on 3.65% growth in total income to Rs 1969.96 crore in Q2 September 2015 over Q2 September 2014.
The result was announced after market hours yesterday, 26 October 2015.
Meanwhile, the S&P BSE Sensex was down 79.58 points or 0.29% at 27,282.38.
On BSE, so far 2,968 shares were traded in the counter as against average daily volume of 2,429 shares in the past one quarter.
The stock hit a high of Rs 438.95 and a low of Rs 424.10 so far during the day. The stock had hit a 52-week high of Rs 594.40 on 1 December 2014. The stock had hit a 52-week low of Rs 392.55 on 7 September 2015.
The stock had underperformed the market over the past one month till 26 October 2015, gaining 2.76% compared with the Sensex's 5.79% rise. The scrip had, however, outperformed the market in past one quarter, sliding 7.99% as against Sensex's 2.67% fall.
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The small-cap bank has equity capital of Rs 48.01 crore. Face value per share is Rs 10.
State Bank of Mysore's gross non-performing assets (NPAs) were at Rs 2175.79 crore as on 30 September 2015 compared with Rs 2213.62 crore as on 30 June 2015 and Rs 2519.20 crore as on 30 September 2014. The ratio of gross NPAs to gross advances stood at 4.19% as on 30 September 2015 as against 4.21% as on 30 June 2015 and 5.07% as on 30 September 2014. The bank's ratio of net NPAs to net advances stood at 2.22% as on 30 September 2015, compared with 2.1% as on 30 June 2015 and 2.94% as on 30 September 2014.
Provisions and contingencies fell 46.25% to Rs 116.40 crore in Q2 September 2015 over Q2 September 2014. The provisioning coverage ratio as on 30 September 2015 stood at 71.54%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 11.29% as on 30 September 2015, compared with 11.22% as on 30 June 2015 and 10.73% as on 30 September 2014.
State Bank of India held 90% stake in State Bank of Mysore (as per the shareholding pattern as on 30 September 2015).
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