Bank fell 2.36% to Rs 29 at 9:27 IST onBSE after the bank reported net loss of Rs 119.84 crore in Q4 March 2016 compared with net profit of Rs 112.72 crore in Q4 March 2015.The result hit the market at the fag end of trading session yesterday, 12 May 2016.Meanwhile, the BSE Sensex was down 75.35 points, or 0.29%, to 25,714.87 .
On BSE, so far 8,950 shares were traded in the counter, compared with an average volume of 23,149 shares in the past one quarter. The stock hit a high of Rs 29.15 and a low of Rs 28.75 so far during the day. The stock hit a 52-week high of Rs 44.15 on 15 May 2015. The stock hit a 52-week low of Rs 26.75 on 12 February 2016. The stock had underperformed the market over the past one month till 12 May 2016, rising 0.85% compared with 2.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 4.58% as against Sensex’s 12.20% rise.The mid-cap company has an equity capital of Rs 1168.33 crore. Face value per share is Rs 10.
Bank of Maharashtra’s gross non-performing assets (NPA) stood at Rs 10385.85 crore as on 31 March 2016, as against Rs 8301.62 crore as on 31 December 2015 and Rs 6402.06 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 9.34% as on 31 March 2016, as against 7.97% as on 31 December 2015 and 6.33% as on 31 March 2015. The ratio of net NPA to net advances stood at 6.35% as on 31 March 2016 as against 5.52% as on 31 December 2015 and 4.19% as on 31 March 2015. The bank’s provisions and contingencies rose 57.32% to Rs 679.51 crore in Q4 March 2016 over Q4 March 2015.The Government of India (GoI) held 81.61% stake in Bank of Maharashtra (as per the shareholding pattern as on 31 March 2016).