The bank had reported a net loss of Rs 1,542.54 crore in the same period previous fiscal.
Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on the BSE.
The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.
In percentage terms, the gross NPA ratio works out to 11.37 in March 2019, 12.54 in December 2018 and 11.53 in March 2018.
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