SBT drops after announcing weak Q4 numbers

State Bank of Travancore fell 2.48% to Rs 390 at 12:35 IST on BSE after net profit declined 67.6% to Rs 62.14 crore on 3.6% growth in total income to Rs 2801.70 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 25 April 2016.

Meanwhile, the S&P BSE Sensex was up 119.52 points or 0.47% at 25,798.45.

On BSE, so far 1,445 shares were traded in the counter as against average daily volume of 1,315 shares in the past one quarter. The stock hit a high of Rs 395 and a low of Rs 385 so far during the day. The stock had hit a 52-week low of Rs 360 on 1 March 2016. The stock had hit a 52-week high of Rs 487 on 6 May 2015.

The small-cap public sector bank has equity capital of Rs 71.10 crore. Face value per share is Rs 10.

State Bank of Travancore's (SBT) provisions and contingencies jumped 217.3% to Rs 449.69 crore in Q4 March 2016 over Q4 March 2015.

The bank's ratio of gross non-performing assets (NPA) to gross advances stood at 4.78% as on 31 March 2016 compared with 3.87% as on 31 December 2015 and 3.37% as on 31 March 2015. The ratio of net NPA to net advances stood at 2.77% as on 31 March 2016 compared with 2.46% as on 31 December 2015 and 2.04% as on 31 March 2015.

State Bank of India (SBI) held 79.09% stake in SBT (as per the shareholding pattern as on 31 March 2016). SBT is an associate bank of SBI.

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