PNB jumps after Q4 results

The result was announced during trading hours today, 9 May 2013.

Meanwhile, the BSE Sensex was down 3.28 points, or 0.02%, to 19,986.90.

On BSE, 5.53 lakh shares were traded in the counter as against an average daily volume of 78,145 shares in the past one quarter.

The stock hit a high of Rs 787.95 and a low of Rs 733.25 so far during the day. The stock had hit a 52-week high of Rs 922.10 on 31 January 2013. The stock had hit a 52-week low of Rs 659 on 30 August 2012.

The stock had underperformed the market over the past one month till 8 May 2013, rising 6.19% compared with the Sensex's 8.42% rise. The scrip had also underperformed the market in past one quarter, falling 13.26% as against Sensex's 2.59% rise.

The large-cap public sector bank has an equity capital of Rs 353.47 crore. Face value per share is Rs 10.

Punjab National Bank's net profit fell 2.80% to Rs 4747.67 crore on 13.35% increase in total income to Rs 46109.25 crore in the year ended March 2013 over the year ended March 2012.

The bank's ratio of net non-performing assets to net advances stood at 2.35% as on 31 March 2013, compared with 2.56% as on 31 December 2012 and 1.52% as on 31 March 2012.

The bank's ratio of gross non-performing assets to gross advances stood at 4.27% as on 31 March 2013, compared with 4.61% as on 31 December 2012 and 2.93% as on 31 March 2012.

Provisions and contingencies rose 43.84% to Rs 1477.70 crore in Q4 March 2013 over Q4 March 2012. The provisioning coverage ratio as on 31 March 2013 stood at 58.83%.

The bank's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 12.72% as on 31 March 2013, compared with 11.66% as on 31 December 2012 and 12.63% as on 31 March 2012.

Government of India holds 57.87% stake in Punjab National Bank (as on 31 March 2013).

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