Central Bank of India fell 1.11% to Rs 97.90 at 12:21 IST on BSE after the bank reported a net loss of Rs 599.81 crore in Q1 June 2016 compared with net profit of Rs 203.60 crore in Q1 June 2015.
The result was announced during trading hours today, 12 August 2016.Meanwhile, the BSE Sensex was up 242.17 points, or 0.87%, to 28,101.77.
On BSE, so far 1.54 lakh shares were traded in the counter, compared with average daily volume of 1.19 lakh shares in the past one quarter. Trading was volatile on the counter. The stock rose 1.87% at the day's high of Rs 100.85 so far during the day. The stock fell 5.05% at the day's low of Rs 94 so far during the day. The stock hit a 52-week high of Rs 112 on 20 June 2016. The stock hit a 52-week low of Rs 48.20 on 17 February 2016. The stock had underperformed the market over the past 30 days till 11 August 2016, falling 3.60% compared with 0.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 26.84% as against Sensex's 9.30% rise.
The large-cap state-run bank has equity capital of Rs 1761.22 crore. Face value per share is Rs 10.
Central Bank of India's total income fell 6.15% to Rs 6662.68 crore in Q1 June 2016 over Q1 June 2015.
The bank's gross non-performing assets (NPAs) stood at Rs 25107.47 crore as on 30 June 2016 as against Rs 22720.88 crore as on 31 March 2016 and Rs 12931.31 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 13.52% as on 30 June 2016 as against 11.95% as on 31 March 2016 and 6.70% as on 30 June 2015. The ratio of net NPAs to net advances stood at 8.17% as on 30 June 2016 as against 7.36% as on 31 March 2016 and 4% as on 30 June 2015.
The bank's provisions and contingencies (excluding tax provisions) surgd 165.80% to Rs 1543.66 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio of the bank was at 52.14% as on 30 June 2016.
Government of India holds 80.76% stake in Central Bank of India (as on 30 June 2016).
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