UCO Bank tumbled 6.19% to Rs 69 at 11:46 IST on BSE as the ratio of bank's net non-performing assets to net advances increased to 3.15% as on 30 June 2013, from 2.23% as on 30 June 2012.
The Q1 result was announced during trading hours today, 19 July 2013.
Meanwhile, the S&P BSE Sensex was up 42.66 points or 0.21% at 20,171.07.
The stock fell on high volumes. On BSE, 25.31 lakh shares were traded in the counter as against average daily volume of 7.03 lakh shares in the past one quarter.
The stock hit a high of Rs 74.95 and a low of Rs 68.20 so far during the day. The stock had hit a 52-week low of Rs 54.05 on 28 February 2013. The stock had hit a 52-week high of Rs 86.65 on 9 January 2013.
The stock had underperformed the market over the past one month till 18 July 2013, sliding 4.17% compared with the Sensex's 4.71% rise. The scrip had, however, outperformed the market in the past one quarter, jumping 14.74% as against Sensex's 5.85% rise.
The mid-cap state-run bank has equity capital of Rs 752.63 crore. Face value per share is Rs 10.
UCO Bank's ratio of net non-performing assets (NPAs) to net advances increased to 3.15% as on 30 June 2013, from 2.23% as on 30 June 2012 but decreased from 3.17% as on 31 March 2013. The ratio of gross NPAs to gross advances increased to 5.58% as on 30 June 2013, from 3.88% as on 30 June 2012 and 5.42% as on 31 March 2013.
UCO Bank's capital adequacy ratio (CAR) as Basel II norms stood at 13.72% as on 30 June 2013, as against 12.33% as on 30 June 2012 and 14.15% as on 31 March 2013. CAR as per Basel III norms stood at 13.44% as on 30 June 2013.
The bank's provisions and contingencies jumped 81.3% to Rs 741.30 crore in Q1 June 2013 over Q1 June 2012.
The Government of India (GoI) holds 69.26% stake in UCO Bank (as per the shareholding pattern as on 30 June 2013).
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