Vijaya Bank’s scrip today gained over 4 per cent after the company reported nearly three-fold jump in net profit for the fourth quarter ended March 31. The stock rose by 4.36 per cent to end at Rs 92.25 on BSE. Intra-day, it sharply went up by 10.18 per cent to Rs 97.40 — its 52-week high. At NSE, shares of the company climbed 4.12 per cent to close at Rs 92.20. The company added Rs 385.35 crore to Rs 9,214.35 crore in market valuation. In terms of volume, 24.14 lakh shares of the company were traded on BSE, and over one crore shares changed hands at NSE during the day.
Vijaya Bank today reported a nearly three-fold jump in net profit to Rs 204 crore for the fourth quarter ended March 31, 2017. The bank had posted a net profit of Rs 71.31 crore in the January-March quarter of 2015-16 fiscal, Vijaya Bank said in a regulatory filing. Total income of the bank rose to Rs 3,504.73 crore in the January-March quarter as against Rs 3,228.48 crore in the year-ago period.
The board of the directors of the company have recommended a dividend of Rs 1.50 per share or 15 per cent for 2016-17. As far as asset quality of the bank is concerned, the gross NPAs as a percentage of total advances declined marginally to 6.59 per cent from 6.64 per cent in the same quarter a year ago. Its net NPAs also eased to 4.35 per cent as against 4.81 per cent at the end of March 2016.