Bank of Maharashtra Q3 net up 43% to Rs 194 cr, shares rise

Public sector lender Bank of Maharashtra 's third quarter net profit rose by 43 percent year-on-year to Rs 194 crore, led by decline in provisions. Results helped the stock to rise as much as 2.7 percent.

Net interest income increased 22.8 percent to Rs 792.3 crore from Rs 645.3 crore during the same period.

Gross non-performing asset (NPA) fell by 29 basis points QoQ to 1.71 crore and net NPA dropped 22 basis points QoQ to 0.66 percent in October-December quarter.

Provisions against bad loans for the quarter stood at Rs 144 crore, down by 35.3 percent compared to Rs 222.5 crore in previous quarter.

Provision coverage ratio stood at 82.83 percent as on December 31.

Capital adequacy ratio was at 10.70 percent in December quarter as against 10.75 percent in September quarter.

Shares rose 1.35 percent to Rs 59.95 at 14:18 hours IST on Bombay Stock Exchange. Trading volumes jumped 490 percent to 3,07,585 equity shares as compared to five day average of 52,105 shares.

Also Read
Cairn up 3% in early trade on Q3 nos but loses some shine
Here's what to expect from HUL Q3 earnings
Dish TV Q3: Analysts expect net loss at Rs 20.6 cr

Anda sedang membaca artikel tentang

Bank of Maharashtra Q3 net up 43% to Rs 194 cr, shares rise

Dengan url

http://sehatgayahidup.blogspot.com/2013/01/bank-of-maharashtra-q3-net-up-43-to-rs.html?m=0

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Bank of Maharashtra Q3 net up 43% to Rs 194 cr, shares rise

namun jangan lupa untuk meletakkan link

Bank of Maharashtra Q3 net up 43% to Rs 194 cr, shares rise

sebagai sumbernya