State Bank of Mysore Quarterly Net Profit at Rs.72.83 Crores

State Bank of Mysore has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.728.38 million for the quarter ended June 30, 2007 where as the same was at Rs.508.96 million for the quarter ended June 30, 2006. Total Income is Rs.6554.09 million for the quarter ended June 30, 2007 where as the same was at Rs.4724.53 million for the quarter ended June 30, 2006.

The Bank holds an accelerated/additional provision of Rs 1193.40 million as on June 30, 2007 over and above the amount required as per RBI guidelines on Income Recognition. Asset Classification and Provisioning on advances.

The capital adequacy ratio stood at 11.25% during the quarter ended June 30, 2007 as compared to 11.39% during quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.202 for Quarter ended June 30, 2007 compared to Rs.141.38 reported during Quarter ended June 30, 2006.

The stock was trading at Rs.7250, down by Rs.50 or 0.68%. The stock hit an intraday high of Rs.7250 and low of Rs.7100. The total traded quantity was 115 compared to 2 week average of 55.

Source : Equity Bulls

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