UCO Bank climbs on registering 22% growth in FY12 net profit

07 May 2012 Evaluate

UCO Bank is currently trading at Rs. 73.30, up by 0.95 points or 1.31% from its previous closing of Rs. 72.35 on the BSE.

The scrip opened at Rs. 70.10 and has touched a high and low of Rs. 74.00 and Rs. 66.10 respectively. So far 4,88,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.75 on 01-Jun-2011 and a 52 week low of Rs. 44.80 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 78.85 and Rs. 66.10 respectively. The current market cap of the company is Rs. 4,599.00 crore.

The promoters holding in the company stood at 65.19% while Institutions and Non-Institutions held 18.15% and 16.66% respectively.

Public sector, UCO Bank has registered 11.92% growth in its net profit to Rs 252.84 crore during the quarter ended March 31, 2012, from Rs 225.90 crore in the same period last year. The total income of the Kolkata-headquartered bank during the fourth quarter under review has increased by 25.47% to Rs 4216.63 crore from Rs 3360.55 crore during the same quarter previous fiscal.

The bank has posted a net profit of Rs 1108.67 crore for the year ended March 31, 2012 as compared to Rs 906.54 crore for the year ended March 31, 2011, up by 22.30%. Its total income has clocked a growth of 26.85% from Rs 12296.21 crore in previous fiscal to Rs 15597.92 crore for the year under review. For the full (fiscal) year the bank's credit growth was at 16.85%, while deposit growth was at 6.06%.

As per the management, higher provisioning for non-performing assets of Rs 379 crore during the fourth quarter, as against Rs 94 crore during same period last year, impacted bank’s net profit to some extent.

The bank’s board of directors at its meeting held on May 05, 2012, inter alia, has recommended dividend of Rs 3 per share on the face value of Rs 10 each for the year 2011-12 subject to approval of shareholders.

UCO Bank Share Price

60.40 3.43 (6.02%)
03-Jun-2024 14:44 View Price Chart
Peers
Company Name CMP
SBI 906.25
Canara Bank 128.15
Bank Of Baroda 296.15
PNB 137.25
Union Bank Of India 170.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.