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IOB declines after reporting Q4 numbers

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fell 4.05% to Rs 28.40 at 10:49 on after the reported net loss of Rs 646.66 crore in Q4 March 2017, compared with net loss of Rs 936.19 crore in Q4 March 2016.

The result was announced after market hours yesterday, 17 May 2017.

Meanwhile, the S&P Sensex was down 177.92 points or 0.58% at 30,480.85. The S&P Mid-Cap index was down 197.97 points or 1.31% at 14,879.

On the BSE, 2.24 lakh shares were traded on the counter so far as against the average daily volumes of 4.05 lakh shares in the past one quarter. The stock had hit a high of Rs 29 and a low of Rs 28.35 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. It had outperformed the market over the past one month till 17 May 2017, advancing 6.67% compared with the Sensex's 4.23% rise. The scrip had also outperformed the market over the past one quarter, gaining 11.28% as against the Sensex's 7.69% rise.

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

The bank's total income declined 8.1% to Rs 5661.70 crore in Q4 March 2017 over Q4 March 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 35098.25 crore as on 31 March 2017 as against Rs 34502.13 crore as on 31 December 2016 and Rs 30048.63 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 22.39% as on 31 March 2017 as against 22.42% as on 31 December 2016 and 17.4% as on 31 March 2016. The ratio of net NPAs to net advances stood at 13.99% as on 31 March 2017 as against 14.32% as on 31 December 2016 and 11.89% as on 31 March 2016.

The bank's provisions and contingencies declined 32.9% to Rs 1789.74 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 79.56% stake in as per the shareholding pattern as on 31 March 2017.

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

First Published: Thu, May 18 2017. 10:51 IST
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