Bank of India soars despite reporting net loss of Rs 3587.09 crore in Q4

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

25 May 2016 Evaluate

Bank of India is currently trading at Rs. 82.85, up by 2.50 points or 3.11% from its previous closing of Rs. 80.35 on the BSE.

The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 83.35 and Rs. 78.60 respectively. So far 924747 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.95 on 27-May-2015 and a 52 week low of Rs. 78.60 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 86.10 and Rs. 78.60 respectively. The current market cap of the company is Rs. 7780.51 crore.

The promoters holding in the company stood at 68.01% while Institutions and Non-Institutions held 22.49% and 9.50% respectively.

Bank of India has reported a net loss of Rs 3587.09 crore for the quarter ended March 31, 2016 as compared to a net loss of Rs 56.14 crore for the same quarter in the previous year. Total income of the bank has decreased by 7.34% at Rs 11384.91 crore for quarter under review as compared to Rs 12286.98 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the bank has posted net loss of Rs 6089.21 crore as compared to a net profit of Rs 1708 crore for the same period in the previous year. Total income of bank decreased by 4.64% at Rs 45449.01 crore for year under review as compared to Rs 47662.61 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a net loss of Rs 6204.26 crore as compared to a net profit of Rs 2012.90 crore for the same period in the previous year. Total income of company has decreased by 4.58% at Rs 45764.46 crore for year under review as compared to Rs 47962.94 crore for the period ended March 31, 2015.

Pursuant to RBI circular dated 1st March 2016, the bank has considered revaluation reserve, foreign currency translation reserve and deferred tax assets in calculation of Capital Adequacy Ratio as on March 31, 2016. As such, figures/ratios of current year are not comparable with the figures of previous year to that extent.

Bank Of India Share Price

139.75 -0.55 (-0.39%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1019.55
PNB	107.20
Canara Bank	134.35
Bank Of Baroda	264.05
Union Bank Of India	166.15
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