Bank of Baroda Q4 net shoots up 172%; declares dividend of Rs 9 per share
Bank of Baroda, the sixth largest bank of India, has reported growth of 172% in its net profit at Rs 752.69 crore for the fourth quarter ended March 31, 2009.
The bank had a net profit of Rs 276.44 crore in the March quarter of FY'08.
Further, the lender has registered 28.50 per cent jump in its total income to Rs 4,992.41 crore during the March quarter, from Rs 3,885 crore in the corresponding quarter last fiscal.
For the financial year ended March 31, the bank has registered a 55.15 per cent growth rate in net profit at Rs 2,227.20 crore, against Rs 1,435.52 crore in the year-ago period.
In addition, the lender's total income also surged to Rs 17,754.22 crore in FY'09, from Rs 13,864.51 crore in the previous fiscal.
Apart from the announcement of results, the board of directors of the bank has declared a dividend of 90 per cent for FY'09, which stood at Rs 9 per share on face value of Rs 10.
On behalf of positive results, the scrip of the Public sector lender is presently trading at Rs 316 on BSE, up 3.5% compared to previous close of Rs 305. The counter has made intraday high and low of Rs 326 and Rs 303 respectively.