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IDBI Bank slips on reporting net loss of Rs 2254.96 crore in Q3

09 Feb 2017 Evaluate

IDBI Bank is currently trading at Rs. 81.85, down by 0.75 points or 0.91% from its previous closing of Rs. 82.60 on the BSE.

The scrip opened at Rs. 83.00 and has touched a high and low of Rs. 83.80 and Rs. 81.00 respectively. So far 291861 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.50 on 06-Feb-2017 and a 52 week low of Rs. 47.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 86.50 and Rs. 80.00 respectively. The current market cap of the company is Rs. 16841.11 crore.

The promoters holding in the company stood at 73.98%, while Institutions and Non-Institutions held 17.86% and 8.16% respectively.

IDBI Bank has posted a net loss of Rs 2254.96 crore for the quarter ended December 31, 2016, as compared to a net loss of Rs 2183.68 crore for the quarter ended December 31, 2015. Total income of the Bank decreased by 3.50% at Rs 7104.21 crore for Q3FY17 as compared Rs 7361.86 crore for the corresponding quarter previous year. 

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 15.16%, as compared to 8.94% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.61% in Q3FY17.

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