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Andhra Bank shares down over 4% on disappointing Q4 results

Press Trust of India  |  New Delhi 

fell by over 4 per cent today after the posted 32 per cent decline in net profit for the last quarter of 2016-17 financial year.

of the closed down 4.17 per cent at Rs 67.75

on During the day, the stock tumbled 4.87 per cent

To Rs


At National Stock Exchange, of the company fell by 3.96 per cent to

End at Rs 67.85.

The company's market valuation declined by Rs 200.12 crore to Rs 4,614.88 crore.

In terms of volume, 6.20 lakh shares of the company were traded on and over 74 lakh shares changed hands on during the day.

Andhra Bank's net profit declined by 32 per cent to Rs 35.13 crore in the quarter ended March

2017 due to rise in bad


The bank had posted a net profit of Rs 51.60 crore in the corresponding quarter of preceding fiscal.

Gross non-performing assets (NPAs) as of March-end 2017 hit 12.25 per cent as a percentage of gross loans, from 8.39 per cent year ago. Net NPAs or bad loans were of the order of 7.57 per cent, up from 4.61 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 17:22 IST