Public Sector lender, Dena Bank reported a substantial drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 70.19% to Rs 558.20 million from Rs 1,872.80 million in the same quarter previous year.
Total income for the quarter rose marginally 1.43% to Rs 29,077 million, compared with Rs 28,668 million for the prior year period.
Gross NPA contained at 3.82% as on Mar. 31, 2015 as against 3.97% as on Mar. 31, 2014, the bank said.
Capital adequacy ratio under Basel III norms was at 10.93% as on Mar. 31, 2015 against regulatory required level of 11.14%.
Earnings per share for the quarter stood at Rs 1.04, registering 73.74% decline over previous year period.
The board of directors have recommended a dividend of 9% i.e. Rs. 0.90 a share of Rs.10 each for the year 2014-2015.
Shares of the bank gained Rs 1.45, or 2.88%, to trade at Rs 51.85. The total volume of shares traded was 1,231,024 at the BSE (3.33 p.m., Friday).