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Strong Q1 numbers generate interest in Bank of India

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of rose 3.63% to Rs 158.25 at 14:27 on after the reported net profit of Rs 87.71 crore in Q1 June 2017, compared with net loss of Rs 741.36 crore in Q1 June 2016.

The result was announced during market hours today, 9 August 2017.

Meanwhile, the S&P Sensex was down 105.63 points or 0.33% at 31,908.56.

On the BSE, 12.45 lakh shares were traded on the counter so far as against the average daily volumes of 6.33 lakh shares in the past one quarter. The stock had hit a high of Rs 162.60 and a low of Rs 149 so far during the day. The stock had hit a 52-week high of Rs 197.25 on 5 May 2017 and a 52-week low of Rs 99.80 on 9 November 2016.

The stock had outperformed the market over the past one month till 8 August 2017, advancing 8.03% compared with the Sensex's 2.08% rise. The stock had, however, underperformed the market over the past one quarter, sliding 17.41% as against the Sensex's 6.98% rise. The scrip had outperformed the market over the past one year, advancing 38.69% as against the Sensex's 13.6% rise.

The large-cap state-run has equity capital of Rs 1184.55 crore. Face value per share is Rs 10.

of India's total income rose 4.14% to Rs 11106.61 crore in Q1 June 2017 over Q1 June 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 51019.11 crore as on 30 June 2017 as against Rs 52044.52 crore as on 31 March 2017 and Rs 51874.50 crore as on 30 June 2016.

The ratio of gross NPAs to gross advances stood at 13.05% as on 30 June 2017 as against 13.22% as on 31 March 2017 and 13.38% as on 30 June 2016.

The ratio of net NPAs to net advances stood at 6.7% as on 30 June 2017 as against 6.9% as on 31 March 2017 and 7.78% as on 30 June 2016.

The bank's provisions and contingencies fell 18.94% to Rs 2245.28 crore in Q1 June 2017 over Q1 June 2016.

The Government of held 72.52% stake in of 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.)

First Published: Wed, August 09 2017. 14:25 IST
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