 Union Bank of India announced a substantial rise in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the bank rose 31.07% to Rs 3,614.60 million from Rs 2,757.80 million in the same quarter, previous year.
Interest income for the quarter rose 25.56% to Rs 28,312.70 million, while total income for the quarter rose 23.32% to Rs 31,145.30 million, when compared with the prior year period.
During the quarter, the company reported earnings of Rs 7.16 a share, registering a growth of 31.13% over same period last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at |
Sep - 08 |
Sep - 07 |
%Change |
| Interest Income |
28,312.70 |
22,548.30 |
25.56 |
| Net Profit |
3,614.60 |
2,757.80 |
31.07 |
| Basic EPS |
7.16 |
5.46 |
31.13 |
Shares of the bank declined Rs 16.3, or 11.68%, to end at Rs 123. The total volume of shares traded was 311,445 at the BSE (Friday).
Union Bank Of India (Q,N,C,F)*
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