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Syndicate Bank tumbles on reporting net loss of Rs 2195.12 crore in Q4

  • May-16-2018
  • 13 Hrs IST

Syndicate Bank is currently trading at Rs. 45.55, down by 4.45 points or 8.90% from its previous closing of Rs. 50.00 on the BSE.

The scrip opened at Rs. 49.00 and has touched a high and low of Rs. 49.30 and Rs. 44.05 respectively. So far 10,49,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.65 on 27-Nov-2017 and a 52 week low of Rs. 44.05 on 16-May-2018.

Last one week high and low of the scrip stood at Rs. 52.95 and Rs. 44.05 respectively. The current market cap of the company is Rs. 6,448.00 crore.

The promoters holding in the company stood at 73.07%, while Institutions and Non-Institutions held 19.31% and 7.62% respectively.

The Bank has reported a net loss of Rs 2195.12 crore for the quarter ended March 31, 2018 as compared to a net profit of Rs 103.84 crore for the same quarter in the previous year. The total income of the Bank has decreased by 12.54% at Rs 6046 crore for quarter under review as compared to Rs 6913.09 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the Bank has posted a net loss of Rs 3222.84 crore as compared to net profit of Rs 358.95 crore for the same period in the previous year. Total income of the Bank decreased by 7.10% at Rs 24581.85 crore for year under review as compared to Rs 26461.18 crore for the period ended March 31, 2017.