Lakshmi Vilas Bank Q2 PAT at Rs 64.8 crore; Gross NPA at 2.7%

India Infoline News Service | Mumbai | October 17, 2016 16:05 IST

During the quarter under review, Gross NPA stood at 2.7% as on September 30, 2016 from 2.1% as on September 30, 2015.

Lakshmi Vilas Bank
Lakshmi Vilas Bank Ltd registered net profit at Rs 64.8 crore for the quarter ended September 30. The company's net profit in the corresponding quarter of the previous fiscal year was Rs 44.8 crore.

During the quarter under review, Gross NPA stood at 2.7% as on September 30, 2016 from 2.1% as on September 30, 2015. Its NPA for Q2 FY17 stands at 1.87% as against 1.30% for Q2 FY 2016.

Stock Commentary:
Lakshmi Vilas Bank Ltd ended at Rs 151.9, up by Rs 0.15 or 0.1% from its previous closing of Rs 151.75 on the BSE.

The scrip opened at Rs 163 and touched a high and low of Rs 163 and Rs 150 respectively. A total of 747714 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2723.33 crore.

The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 168.7 on 23-Sep-2016 and a 52 week low of Rs 77.95 on 04-May-2016. Last one week high and low of the scrip stood at Rs 157.95 and Rs 149.85 respectively.

The promoters holding in the company stood at 9.65 % while Institutions and Non-Institutions held 6.36 % and 83.98 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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