Karnataka Bank rose 3.87% to Rs 131.50 at 14:54 IST on BSE after net profit rose 65.52% to Rs 134.42 crore on 11.55% growth in total income to Rs 1308.04 crore in Q4 March 2015 over Q4 March 2014.
The Q4 result was announced during market hours today, 22 May 2015.
Meanwhile, the S&P BSE Sensex was up 148.98 points or 0.54% at 27,958.33.
Heavy volumes accompanied the stock's surge. On BSE, so far 7.65 lakh shares were traded in the counter as against average daily volume of 1.49 lakh shares in the past one quarter.
The stock hit a high of Rs 133.80 and a low of Rs 126.70 so far during the day. The stock had hit a 52-week high of Rs 157.20 on 3 December 2014. The stock had hit a 52-week low of Rs 108.70 on 8 October 2014.
The small-cap private sector bank has equity capital of Rs 188.45 crore. Face value per share is Rs 10.
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Karnataka Bank's ratio of gross non-performing assets (NPAs) to gross advances stood at 2.95% as on 31 March 2015 as against 3.44% as on 31 December 2014 and 2.92% as on 31 March 2014. The ratio of net NPAs to net advances stood at 1.98% as on 31 March 2015 as against as 2.41% as on 31 December 2014 and 1.91% as on 31 March 2014.
There was a write back of provisions of Rs 4.49 crore in Q4 March 2015 as against provisions and contingencies of Rs 38.39 crore in Q4 March 2014. The bank's provision coverage ratio as on 31 March 2015 stood at 50.54%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III stood at 12.41% as on 31 March 2015 as against 11.79% as on 31 December 2014 and 13.2% as on 31 March 2014.
Karnataka Bank's four business segments include treasury operations, corporate and wholesale banking, retail banking and other banking operations.
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