Karnataka Bank rose 7.06% to Rs 132.60 at 13:12 IST on BSE after net profit surged 205.6% to Rs 88.46 crore on 10.9% increase in total income to Rs 1278.44 crore in Q2 September 2014 over Q2 September 2013.
The result was announced after market hours on Friday, 31 October 2014.
Meanwhile, the BSE Sensex was down 9.73 points, or 0.03%, to 27,856.10.
On BSE, so far 8.29 lakh shares were traded in the counter, compared with an average volume of 2.18 lakh shares in the past one quarter.
The stock hit a high of Rs 133.15 and a low of Rs 128.75 so far during the day. The stock hit a 52-week high of Rs 150.75 on 26 May 2014. The stock hit a 52-week low of Rs 91.20 on 4 February 2014.
The stock had outperformed the market over the past one month till 31 October 2014, rising 9.50% compared with 4.64% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.82% as against Sensex's 7.61% rise.
The small-cap private sector bank has an equity capital of Rs 188.42 crore. Face value per share is Rs 10.
Karnataka Bank's ratio of net non-performing assets (NPAs) to net advances stood at 2.37% as on 30 September 2014, compared with 2.37% as on 30 June 2014 and 2.25% as on 30 September 2013.
The bank's ratio of gross NPAs to gross advances stood at 3.53% as on 30 September 2014, compared with 3.43% as on 30 June 2014 and 3.59% as on 30 September 2013.
Provisions and contingencies fell 34% to Rs 83.64 crore in Q2 September 2014 over Q2 September 2013.
Current Account, Savings Account (CASA) increased by Rs 1707 crore to Rs 10747 crore and constitutes 24.32% of total deposits.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.08% as on 30 September 2014, compared with 12.97% as on 30 June 2014 and 13.22% as on 30 September 2013.
Karnataka Bank's four business segments include treasury operations, corporate and wholesale banking, retail banking and other banking operations.
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