United Bank of India lost 1.82% to Rs 35.10 at 10:51 IST on BSE after net profit declined 74.27% to Rs 44.73 crore on 14.79% growth in total income to Rs 2868.81 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced after market hours on Monday, 12 August 2013.
Meanwhile, the S&P BSE Sensex was up 121.67 points or 0.64% at 19,068.65.
On BSE, 15,000 shares were traded in the counter as against average daily volume of 32,348 shares in past one quarter.
The stock hit a high of Rs 35.60 and a low of Rs 33.50 so far during the day. The stock had hit a record low of Rs 32 on 5 August 2013. The stock had hit a 52-week high of Rs 84.95 on 7 January 2013.
The stock had underperformed the market over the past one month till 12 August 2013, sliding 23.61% compared with the Sensex's 5.07% fall. The scrip had also underperformed the market in past one quarter, declining 40.37% as against Sensex's 5.84% fall.
The state-run bank has equity capital of Rs 374.71 crore. Face value per share is Rs 10.
United Bank of India's ratio of gross non-performing assets (NPA) to gross advances increased to 5.59% as on 30 June 2013, from 4.25% as on 31 March 2013 and 3.47% as on 30 June 2012. The ratio of net NPA to net advances increased to 3.86% as on 30 June 2013, from 2.87% as on 31 March 2013 and 1.77% as on 30 June 2012.
United Bank of India's capital adequacy ratio (CAR) as per Basel II norms stood at 11.74% as on 30 June 2013, as against 11.66% as on 31 March 2013 and 12.5% as on 30 June 2012. CAR as per Basel III norms stood at 10.82% as on 30 June 2013.
The bank's provisions and contingencies surged 73.31% to Rs 506.08 crore in Q1 June 2013 over Q1 June 2012.
The Government of India (GoI) holds 82.23% stake in United Bank of India (as per the shareholding pattern as on 30 June 2013).
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