Bank of Baroda Q3 net profit up at Rs 832.5 cr

25324 Investors following Bank of Baroda. Share this News with them.

0

Like this story, share it with millions of investors on M3

Bank of Baroda Q3 net profit up at Rs 832.5 cr

Bank of Baroda has announced its third quarter results. The company's Q3 NII was up at Rs 1,601.2 crore versus Rs 1,461.8 crore, year-on-year, YoY.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ News and Notices about Bank of Baroda See interviews with Bank of Baroda Management See what other Experts & Brokerages are saying about Bank of Baroda See previous Results of Bank of Baroda Bank of Baroda BSE | NSE 01/06/12 Are Mutual Funds betting on Bank of Baroda?

Bank of Baroda has announced its third quarter results. The company's Q3 NII was up 9.52% at Rs 1,601.2 crore versus Rs 1,461.8 crore, year-on-year, YoY.

Its net profit was up 17.52% at Rs 832.5 crore versus Rs 708.4 crore, YoY. The numbers were better-than-expected; earlier CNBC-TV18 poll saw the net profit at Rs 714.7 crore and net interest income at Rs 1,500.8 crore.

Other income was down 22% to Rs 659.65 crore from Rs 846.49 crore. Provisions were at Rs 242.49 crore from Rs 350.1 crore.

Domestic CASA stood at 36.1% versus 36.2% in Q2. 

Net interest margin

* Q3FY10: 3.4%
* Q2FY10: 2.63%
* Q1FY10: 2.57%
* Q3FY09: 3.3%

Net NPAs

* Q3FY10 :0.31%
* Q2FY10: 0.27%
* Q1FY10: 0.27%
* Q4FY09: 0.31%
* Q3FY09: 0.37%

Bank Of Baroda says,

• 26% growth in global business
• CASA grew by 25%; CASA ratio at 36.1%
• Saw NPA slippages of Rs 363 crore in Q3
• Gross NPA at 1.4%, Net NPA at 0.3%
• Restructured assets at Rs 4,800 cr; under control

Watch video of the company press conference for more details,