Bank of Baroda (BoB), one of the leading public sector lenders, on Friday reported a fall of 68.13% in its net profit for the quarter ended Dec. 31, 2014.
The bank earned a profit of Rs 3.34 billion for the quarter ended Dec. 31, 2014. Analysts on average had predicted net profit of Rs 12.43 billion.
The bank's quarterly income totaled at Rs 118.08 billion, an increase of 11.16% over Rs 106.23 billion in the same period a year ago.
The bank has made provision of Rs 12.62 billion, which was higher by 65.62% from prior year period.
Net NPA was at 82.91 billion for the quarter ended Dec. 31, 2014, as compared to Rs 66.24 billion in the same period last year, representing an increase of 25.17%.
In percentage term, net NPAs were at 2.11% at the end of the quarter, Dec. 31, 2014, higher by 1.88% from last year period.
Capital adequacy ratio (CAR) under Basel III of the bank was at 12.42% as on Dec. 31, 2014.
Shares of the bank declined Rs 26.15, or 12.03%, to trade at Rs 191.30 at the BSE (11.43 a.m., Friday).