Vijaya Bank vaults after stellar Q4 outcome

Vijaya Bank gained 4.07% to Rs 92 on BSE after net profit jumped 186.06% to Rs 203.99 crore on 8.56% growth in total income to Rs 3504.73 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 1.30 points at 29,927.45

On the BSE, 24.09 lakh shares were traded on the counter as against the average daily volumes of 2.69 lakh shares in the past one quarter. The stock hit a high of Rs 97.40 in intraday trade, which is 52-week high for the counter. The stock hit a low of Rs 89.90 in intraday trade. The stock had hit a 52-week low of Rs 29.65 on 1 June 2016.

The mid-cap state-run bank has equity capital of Rs 998.85 crore. Face value per share is Rs 10.

The bank's gross non-performing assets (NPAs) stood at Rs 6381.78 crore as on 31 March 2017 as against Rs 6304.65 crore as on 31 December 2016 and Rs 6027.07 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 6.59% as on 31 March 2017 as against 6.98% as on 31 December 2016 and 6.64% as on 31 March 2016.

The ratio of net NPAs to net advances stood at 4.36% as on 31 March 2017 as against 4.74% as on 31 December 2016 and 4.81% as on 31 March 2016.

The Government of India held 70.33% stake in the bank as at 31 March 2017.

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