Mumbai: Public sector lender Andhra Bank on Friday said its net profit has increased 62% to Rs201.21 crore during the fourth quarter ended 31 March over the corresponding period a year ago.
The bank had a net profit of Rs124.25 crore in January-March quarter of 2008-09 fiscal, Andhra Bank informed the stock exchanges.
Total income of the state-run lender rose to Rs1,827.10 crore during the last quarter of FY’09 from Rs1,342.95 crore in same quarter the previous fiscal.
The bank has declared a dividend of 45% to its shareholders for the year 2008-09.
For the financial year ended 31 March, 2009, Andhra Bank posted a net profit of Rs653.05 crore, registering a 13% rise from Rs575.57 crore the previous fiscal.
Total income during the FY’09 rose to Rs6,139.99 crore from Rs4,836.02 crore in FY 08.
Shares of Andhra Bank were trading at Rs61.85, up 0.08% in the afternoon trade on the Bombay Stock Exchange.