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State Bank of Mysore plunges on reporting 34% drop in Q4 net profit

30 Apr 2013 Evaluate

State Bank of Mysore is currently trading at Rs. 560.15, down by 10.00 points or 1.75 % from its previous closing of Rs. 570.15 on the BSE.

The scrip opened at Rs. 568.00 and has touched a high and low of Rs. 570.00 and Rs. 555.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 774.40 on 02-Jan-2013 and a 52 week low of Rs. 440.00 on 01-Jun-2012.

Last one week high and low of the scrip stood at Rs. 582.00 and Rs. 560.00 respectively. The current market cap of the company is Rs. 2621.49 crore.

The promoters holding in the company stood at 92.33% while Institutions and Non-Institutions held 1.82% and 5.84% respectively.

State Bank of Mysore has reported results for the quarter and year ended March 31, 2013:

The bank’s net profit has plunged by 34.40% at Rs 76.19 crore for the fourth quarter ended March 31, 2013 as compared to Rs 116.15 crore for the similar quarter ended March 31, 2012. Total Income has increased by 12.87% to Rs 1721.48 crore for the quarter ended March 31, 2013 from Rs 1525.16 crore for the quarter ended March 31, 2012.

For the Year ended March 31, 2013, the bank’s net profit has rose 12.72% at Rs 416.10 crore as compared to Rs 369.15 crore for the previous year. Bank’s total Income has increased by 16.42% to Rs 6513.74 crore for the year from Rs 5594.83 crore for the previous fiscal.

Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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