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IOB declines after disappointing Q1 numbers

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lost 2.81% to Rs 22.45 at 11:47 on after the reported net loss of Rs 499.09 crore in Q1 June 2017 compared with net loss of Rs 1450.50 crore in Q1 June 2016.

The result was announced after market hour yesterday, 10 August 2017.

Meanwhile, the S&P Sensex was down 193.66 points or 0.61% at 31,337.67. The S&P Mid-Cap index rose 99.79 points or 0.68% at 14,855.64.

On the BSE, 97,000 shares were traded on the counter so far as against the average daily volumes of 1.95 lakh shares in the past one quarter. The stock had hit a high of Rs 22.80 and a low of Rs 21.65 so far during the day. The stock had hit a 52-week high of Rs 32.25 on 5 May 2017 and a 52-week low of Rs 21.10 on 9 November 2016.

The stock had underperformed the market over the past one month till 10 August 2017, sliding 10.64% compared with the Sensex's 0.58% fall. The stock had also underperformed the market over the past one quarter, declining 24.88% as against the Sensex's 4.24% rise. The scrip had also underperformed the market over the past one year, sliding 12.33% as against the Sensex's 13.52% rise.

The mid-cap has equity capital of Rs 2454.73 crore. Face value per share is Rs 10.

Indian Overseas Bank's total income declined 11.8% to Rs 5174.50 crore in Q1 June 2017 over Q1 June 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 35453.12 crore as on 30 June 2017 as against Rs 35098.25 crore as on 31 March 2017 and Rs 33913.15 crore as on 30 June 2016.

The ratio of gross NPAs to gross advances stood at 23.6% as on 30 June 2017 as against 22.39% as on 31 March 2017 and 20.48% as on 30 June 2016.

The ratio of net NPAs to net advances stood at 14.97% as on 30 June 2017 as against 13.99% as on 31 March 2017 and 13.97% as on 30 June 2016.

The bank's provisions and contingencies fell 24.8% to Rs 1607.88 crore in Q1 June 2017 over Q1 June 2016.

The Government of India held 79.56% stake in as per the shareholding pattern as on 30 June 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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