Dhanlaxmi Bank's stock dropped nearly 6 per cent today after its net loss widened to Rs 119.37 crore in the third quarter ended December, 2013-14.
Shares of the Kerala-based bank ended 5.83 per cent lower at Rs 32.30 on the BSE. During the day, the stock had tumbled 7.28 per cent to Rs 31.80.
At the NSE, the scrip plummeted by 5.26 per cent to settle at Rs 32.45.
The bank had reported net loss of Rs 117.64 crore during the October-December quarter of in 2012-13.
Its total income for Q3, 2013-14 also declined to Rs 327.52 crore from Rs 352.11 crore in the year-ago period.
The bank made provisioning for bad loans at Rs 111.76 crore during the third quarter, up from Rs 9.71 crore.
Gross bad loans or NPAs (non-performing assets) during the quarter rose by 7.05 per cent (Rs 546.32 crore), from 4.19 per cent (Rs 312.84 crore) in the year-ago period.
Net NPAs jumped 4.64 per cent (Rs 350.22 crore) from 2.93 per cent (Rs 216.02 crore).
