Vijaya Bank reported a sharp drop in its standalone net profit for the quarter ended September 2008, failing to meet the analysts expectations of Rs 860.50 million.
During the quarter, the profit of the company declined 24.10% to Rs 798.80 million from Rs 1,052.50 million in the same quarter, previous year.
Interest earned for the quarter rose 38.31% to
Rs 13,338.40 against analysts expectation of Rs 3,414.50 million, while total income for the quarter rose 34.06% to Rs 14,092.90 million, when compared with the prior year period.
The company reported earnings of Rs 1.84 a share during the quarter, registering 24.27% fall over prior year period. The analysts had expected the same to be at Rs 2.20 a share for the quarter ended September 2008.
|
Quarterly Results - Standalone (Rs in mn) |
|
As at |
Sep - 08 |
Sep - 07 |
%Change |
|
Interest Earned |
13338.40 |
9,644 |
38.31 |
|
Net Profit |
798.80 |
1052.50 |
(24.10) |
|
Basic EPS |
1.84 |
2.43 |
(24.27) |
Shares of the bank declined Rs 2.55, or 8.1%, to settle at Rs 29.00. The total volume of shares traded was 526,860 at the BSE (Friday).
Vijaya Bank (Q,N,C,F)*
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