IDBI Bank falls on weak Q2 earnings

31st October 2012 10:18 AM

IDBI Bankfell on Wednesday after it reported a fall of 6.28% in consolidated net profit of Rs 4.84 billion for the quarter ended Sept. 30, 2012 as compared with Rs 5.16 billion for the quarter ended Sept. 30, 2011.

The bank made provision of Rs 4.94 billion for the quarter which was 58.5% higher compared last year quarter, which dragged the profit lower for the quarter.

Total income went up 9.50% to Rs 68.8 billion for the quarter ended Sept 30, 2012 from Rs 62.83 billion in the year ago period.

Shares ofthe bankare trading at Rs 90.35, down Rs 1.75, or 1.90% at the Bombay Stock Exchange (BSE) on Wednesday at 9:41 a.m.The scrip has touched an intra-day high of Rs 91.80 and low of Rs 90.20. The total volume of shares traded at the BSE is 90,371.In the earlier session, the shares lost 2.9%, or Rs 2.75, at Rs 92.10. Currently, the stock is trading down 25.64% from its 52-week high of Rs 121.50 and above 17.11% over the 52-week low of Rs 77.15.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 97.80 (5.70) (5.83) 1 Month 102.15 (10.05) (9.84) 3 Months 87.25 4.85 5.56 6 Months 95.75 (3.65) (3.81) 1 Year 113.90 (21.80) (19.14) Note: Based on previous day closing price.
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