Bank of Baroda dropped 1.02% to Rs 141.10 at 10:40 IST on BSE after net profit fell 52% to Rs 203.39 crore on 1.9% rise in total income to Rs 12103.86 crore in Q1 June 2017 over Q1 June 2016.
The announcement was made after market hours on Friday, 11 August 2017.Meanwhile, the S&P Sensex was up 224.25 points or 0.72% at 31,438.40.
On the BSE, 4.49 lakh shares were traded on the counter so far as against the average daily volumes of 11.18 lakh shares in the past one quarter. The stock had hit a high of Rs 143.05 and a low of Rs 139.60 so far during the day. The stock had hit a 52-week high of Rs 202.45 on 5 May 2017 and a 52-week low of Rs 136 on 9 November 2016.
The stock had underperformed the market over the past one month till 11 August 2017, dropping 12.28% compared with the Sensex's 1.68% decline. The stock had also underperformed the market over the past one quarter, declining 24.14% as against the Sensex's 3.18% rise. The scrip had also underperformed the market over the past one year, shedding 2.33% as against the Sensex's 12.04% rise.
The large-cap public sector bank has equity capital of Rs 460.83 crore. Face value per share is Rs 2.
The bank's gross non-performing assets (NPAs) rose to Rs 46172.77 crore as on 30 June 2017 as against Rs 42718.70 crore as on 31 March 2017 and Rs 42991.68 crore as on 30 June 2016.
The ratio of gross NPAs to gross advances rose to 11.4% as on 30 June 2017 as against 10.46% as on 31 March 2017 and 11.15% as on 30 June 2016.
The ratio of net NPAs to net advances rose to 5.17% as on 30 June 2017 as against 4.72% as on 31 March 2017 and 5.73% as on 30 June 2016.
The bank's provisions and contingencies rose 18.16% to Rs 2368.05 crore in Q1 June 2017 over Q1 June 2016. The Provision Coverage Ratio (PCR) stood at 66.28% as at 30 June 2017.
Separately, Bank of Baroda said that it allotted 8,500 Basel III compliant unsecured, perpetual bonds carrying coupon of 8.65% and face value of Rs 10 lakh each worth Rs 850 crore to ten allottees on 11 August 2017.
The bank said that Ramesh Gopalaratnam has been assigned the position of Chief Financial Officer of the bank from 14 August 2017.
Government of India holds 59.24% stake in Bank of Baroda as per the shareholding pattern as on 30 June 2017.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
