Indian Bank lost 1.63% to Rs 120.85 at 15:07 IST on BSE after net profit declined 7.13% to Rs 271.28 crore on 5.27% growth in total income to Rs 4234.83 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during trading hours today, 12 May 2014.
Meanwhile, the S&P BSE Sensex was up 551.92 points or 2.4% at 23,546.15
On BSE, so far 1.31 lakh shares were traded in the counter as against average daily volume of 55,053 shares in the past one quarter.
The stock was volatile. The stock lost as much as 3.54% at the day's low of Rs 118.50 so far during the day. The stock rose as much as 2.84% at the day's high of Rs 126.35 so far during the day. The stock had hit a 52-week high of Rs 167.45 on 9 May 2013. The stock had hit a 52-week low of Rs 60.50 on 28 August 2013.
The stock had underperformed the market over the past one month till 9 May 2014, falling 4.62% compared with 1.29% rise in the Sensex. The scrip also outperformed the market in past one quarter, rising 25.87% as against Sensex's 12.85% rise.
The mid-cap state-run bank has equity capital of Rs 464.85 crore. Face value per share is Rs 10.
Indian Bank's net profit declined 26.7% to Rs 1158.94 crore on 9.49% growth in total income to Rs 16620.88 crore in the year ended 31 March 2014 over the year ended 31 March 2013.
Indian Bank's ratio of gross non-performing assets (NPAs) to gross advances increased to 3.67% as on 31 March 2014 from 3.42% as on 31 December 2013 and 3.33% as on 31 March 2013. The ratio of net NPAs to net advances increased to 2.26% as on 31 March 2014 from 2.25% as on 31 December 2013 but remained unchanged from 2.26% as on 31 March 2013.
The bank's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 13.1% as on 31 March 2014 as against 12.96% as on 31 December 2013 and 13.08% as on 31 March 2013. CAR as per Basel III norms stood at 12.64% as on 31 March 2014 from 12.49% as on 31 December 2013.
Indian Bank's provisions and contingencies rose 24.87% to Rs 593.92 crore in Q4 March 2014 over Q4 March 2013. Provision coverage ratio as on 31 March 2014 stood at 57.77%.
The Government of India (GoI) holds 81.51% stake in Indian Bank (as per the shareholding pattern as on 31 March 2014).
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