Bank of Baroda (BoB), one of the leading public sector lenders, today reported a fall of 48.3% in net profit to Rs 5.98 billion for the quarter ended Mar. 31, 2015 as compared to Rs 11.57 billion in the same period last year.
Total income increased by 3.81% to Rs 120.57 billion for the quarter ended Mar. 31, 2015 as compared to Rs 116.15 billion in the same period last year.
The bank has made provision of Rs 18.18 billion, which was higher by 57.61% from prior year period to Rs 11.53 billion.
Net NPA was at Rs 80.69 billion for the quarter ended Mar. 31, 2015, as compared to Rs 60.35 billion in the same period last year, representing an increase of 33.72%. In percentage term, net NPAs were at 1.89% at the end of the quarter, higher than 1.52% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 12.60% as on Mar. 31, 2015.
Shares of the bank gained Rs 16.85, or 11.61%, to trade at Rs 162. The total volume of shares traded was 2,612,019 at the BSE (11.17 a.m., Monday).