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Allahabad Bank Q1 net profit at Rs 93.4 cr

Published on Fri, Jul 18, 2008 at 13:35 , Updated at Fri, Jul 18, 2008 at 14:25
Source : CNBC-TV18

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Allahabad Bank has announced its first quarter numbers. Its net profit declined by 53.39% at Rs 93.4 crore as against Rs 200.4 crore in same period of last year.

Net interest income went up by 9.84% at Rs 495.5 crore from Rs 451.1 crore.

Provisions was made at Rs 202.24 crore versus Rs 24.52 crore and other income was at Rs 117.03 crore versus Rs 94.64 crore.

According to CNBC-TV18 estimates, the bank was likely to report net profit of Rs 143.5 and sales of Rs 435.1 crore.

Particulars Jun-08 Mar-08 Dec-07 Sep-07
Interest Earned / Operating Income 1732.602 1720.011 1583.49 1535.708
Interest on Advance 1241.326 1232.177 1129.536 1074.852
Income on Investment 488.33 483.36 447.904 444.197
Interest on Balances 2.946 4.472 5.131 15.22
Others Interests 0.001 0.002 0.919 1.44
Other Income 117.029 260.155 372.921 128.583
Total Income 1849.631 1980.165 1956.411 1664.291
Interest Expended -1237.12 -1277.46 -1138.21 -1093.87
Operating Expenses -305.788 -332.744 -297.075 -270.861
Payment/Provisions for Employees -190.228 -195.494 -180.026 -157
Other Operating Expenses -115.56 -137.25 -117.049 -113.861
Total Expenditure for Banks -1542.9 -1610.2 -1435.29 -1364.73
Profit before Tax 306.728 369.962 521.122 299.563
Tax -11.123 -24.435 -31.063 -27.966
Provisions and Contingencies -202.244 -176.02 -125.009 -31.809
Net Profit 93.361 169.507 365.051 239.789
Equity Capital 446.7 446.7 446.7 446.7

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BSE Announcements on Allahabad Bank

Allahabad Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on October 18, 20...

in Allahabad Bank - MMB Messenger at 10-Oct-08 11:32

safest stock in present market

yes i also agree one of the cheapest stock in the market in terms of valuation and it had nil exposer in foreign ...

in Allahabad Bank - piyushbajpai1 at 09-Oct-08 08:55

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