Dena Bank shares falls 6.5% post Q2 results

Dena Bank's scrip on Monday fell by 6.5% after the company reported a fall of 24.85% in net profit. The stock dipped by 6.14% to Rs 40.50 on BSE.

The company's shares were trading down at 2.90% at 1136 hours on BSE . 

At NSE, shares of the company plunged 6.47% to Rs 40.45. The company's shares were trading down at 3.12% at 11:37 am on NSE . 

Dena Bank on Saturday reported a fall of 24.85% in net profit at Rs 38.76 crore during July-September quarter of 2015-16. The bank's net profit during the same period of the previous fiscal was at Rs 51.58 crore.

Total income for the said quarter decreased from Rs 2,885.22 crore in the year-ago period to Rs 2,872.08 crore, the company said in its BSE filing.

Bank's gross non-performing assets slipped further to 6.84% of gross advances as of September 2015, from 5.12% a year ago.

Net non-performing asset (NPA) were at 4.65% of net advances, as against 3.59% during the same quarter last fiscal.