Dena Bank drops after weak Q4 numbers

The Q4 result was announced after market hours on Saturday, 11 May 2013.

Meanwhile, the S&P BSE Sensex was down 68.08 points or 0.34% at 20,054.24.

On BSE, 73,000 shares were traded in the counter as against average daily volume of 2.84 lakh shares in the past one quarter.

The stock hit a high of Rs 91 and a low of Rs 89.50 so far during the day.

Dena Bank's net profit rose 0.9% to Rs 810.38 crore on 29.53% growth in total income to Rs 9554.85 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Dena Bank's ratio of gross non-performing assets (NPAs) to gross advances increased to 2.19% as on 31 March 2013, from 2.09% as on 31 December 2012 and 1.67% as on 31 March 2012. The ratio of net NPAs to net advances increased to 1.39% as on 31 March 2013, from 1.31% as on 31 December 2012 and 1.01% as on 31 March 2012.

Dena Bank's capital adequacy ratio (CAR) as per Basel II norms stood at 11.03% as on 31 March 2013, as against 11.47% as on 31 December 2012 and 11.51% as on 31 March 2012.

Dena Bank's provision and contingencies rose 17.46% to Rs 341.95 crore in Q4 March 2013 over Q4 March 2012. The bank's provision coverage ratio stood at 69.58% as on 31 March 2013.

Dena Bank raised Rs 850 crore by way of subordinated debts for Tier II capital during FY 2013.

Dena Bank's board of directors at a meeting held on Saturday, 11 May 2013, proposed dividend of Rs 4.70 per share for FY 2013.

The Government of India (GoI) holds 55.24% stake in Dena Bank (as per the shareholding pattern as on 31 March 2013).

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