Indian Bank fell 6.31% to Rs 150.70 at 13:12 IST on BSE after net profit fell 34.73% to Rs 207.15 crore on 1.23% decline in total income to Rs 4,144.01 crore in Q1 June 2014 over Q1 June 2013.
The result was announced during trading hours today, 25 July 2014.
Meanwhile, the BSE Sensex was down 212.94 points, or 0.81%, to 26,058.91.
On BSE, so far 1.16 lakh shares were traded in the counter, compared with an average volume of 71,596 shares in the past one quarter.
The stock hit a high of Rs 162 and a low of Rs 147 so far during the day. The stock hit a 52-week high of Rs 198.90 on 26 May 2014. The stock hit a 52-week low of Rs 60.50 on 28 August 2013.
The stock had underperformed the market over the past one month till 24 July 2014, falling 10.44% compared with 3.56% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 22.88% as against Sensex's 14.84% rise.
The mid-cap state-run bank has an equity capital of Rs 464.85 crore. Face value per share is Rs 10.
Indian Bank's ratio of net non-performing assets (NPAs) to net advances stood at 2.48% as on 30 June 2014, compared with 2.26% as on 31 March 2014 and 2.31% as on 30 June 2013.
The bank's ratio of gross NPAs to gross advances stood at 4.01% as on 30 June 2014, compared with 3.67% as on 31 March 2014 and 3.41% as on 30 June 2013.
Provisions and contingencies fell 11.55% to Rs 325.61 crore in Q1 June 2014 over Q1 June 2013. The provisioning coverage ratio as on 30 June 2014 stood at 57.56%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 13.28% as on 30 June 2014, compared with 12.64% as on 31 March 2014 and 12.58% as on 30 June 2013.
Government of India holds 81.51% stake in Indian Bank (as on 30 June 2014).
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