Mumbai: Public sector lender Bank of Baroda today reported nearly three-fold growth in net profit at Rs752.69 crore for the Q4 ended 31 March, 2009.
The bank had a net profit of Rs276.44 crore in the March quarter of FY08, BoB said in a filing to the BSE.
The total income rose 28.50% to Rs4,992.41 crore during the March quarter, from Rs3,885 crore in the corresponding quarter last fiscal.
The board has declared a dividend of 90%, at the rate of Rs9 on shares of face value of Rs10, for FY09.
During the quarter, the bank’s interest income rose 24% to Rs4,138.78 crore, while the interest expenditure stood at Rs2,667.99 crore, up 16% over the same period a year ago, the filing added.
For the financial year ended 31 March, the state-run lender reported a 55.15 % growth rate in net profit at Rs2,227.20 crore. BoB had a net profit of Rs1,435.52 crore in the year-ago period.
The total income rose to Rs17,754.22 crore in FY09, from Rs13,864.51 crore in the previous fiscal.
Shares of BoB were trading at Rs322.50, up 5.77% in the afternoon trade on the BSE.