Mumbai: Public sector lender Bank of Baroda on Tuesday announced a net profit of Rs 276.44 crore for the fourth quarter ended March 31, 2008, a 12.53% growth over the corresponding period a year-ago.
The bank had a net profit of Rs245.66 crore in the fourth quarter of FY’07, BOB said in a filing to the Bombay Stock Exchange.
The total income rose to Rs 3,885.7 crore in the latest quarter, from Rs 3,069.8 crore in the same period previous fiscal.
The board has declared a dividend of 80%, at the rate of Rs8, on shares of face value of Rs 10 each, for the 2007-08 fiscal.
For the year ended March 31, Bank of Baroda had announced a net profit of Rs 1,435.52 crore, a 39.85% growth over the year-ago period. The bank had a net profit of Rs 1,026.47 crore in FY’07.
The total income rose to Rs 13,864.51 crore in the fiscal ended March 31, from Rs 10,385.88 crore in the year-ago period.
Shares of BOB were trading at Rs 296.75, up 0.44% on the BSE.