Corporation Bank Q3 net profit up at Rs 305 cr

Corporation Bank has declared its third quarter results. The company's Q3 NII was up at Rs 599.4 crore versus Rs 478 crore, year-on-year, YoY.

Its net profit was up at Rs 305 crore versus Rs 256.5 crore, YoY.

Other income was down 10.85% to Rs 251.65 crore and provisions were up at Rs 127.11 crore versus Rs 18.51 crore.

Capital adequacy ratio

*Q3FY10: 15.8%

*Q2FY10: 15.3%

*Q1FY10: 14.8%

Net NPAs

* Q3FY10: 0.45%

* Q2FY10: 0.3%

*Q1FY10: 0.32%

*Q4FY09: 0.29%

*Q3FY09 0.33%

NIMs

* Q3FY10: 2.3%

* Q2FY10: 1.3%

* Q1FY10: 2.3%

The company's trailing 12-month (TTM) EPS was at Rs 74.59 per share. (Sep, 2009)

The stock's price-to-earnings (P/E) ratio stands at 5.89

The book value of the company is Rs 341.36 per share. Price-to-book value of the company was 1.29.

The dividend yield of the company was 2.85%.

Source: CNBC-TV18
Courtesy moneycontrol.com

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