Bank of Baroda has reported a 32.2 per cent fall in standalone net profit to Rs 1,028.85 crore in
the fourth quarter ended March 31, 2013.
The public sector bank's net profit stood at Rs 1,518.18 crore during the same quarter (January-March) of the previous financial year.
Bank of Baroda's
total income during the January-March quarter rose to Rs 10,262.50 crore from Rs 9,016.31 crore in the year-ago period, it said in a filing to the Bombay Stock Exchange.
On a consolidated basis, the group posted net profit of Rs 4,804.23 crore for the year ended March 31, 2013, compared to Rs 5,248.57 crore for the year ended March 2012, it said.
Total income (consolidated) increased from Rs 34,588.91 crore for the year ended March 31, 2012 to Rs 40,952.68 crore for the year ended March 31, 2013.
The net non-performing assets (NPAs) or bad loans of the bank during the quarter under review rose to 1.28 per cent from 0.54 per cent a year earlier. Gross NPAs also moved up to 2.40 per cent from 1.53 per cent year ago.
For the full 2012-13 fiscal year, the bank posted a net profit of Rs 4,480.72 crore, down from Rs 5,006.96 crore in 2011-12. Total income for 2012-13 increased to Rs 38,827.28 crore from Rs 33,096.05 crore for the year ended March 2012.
Shares of Bank of Baroda were trading 1.94 per cent down at Rs 691.05 in afternoon trade of the Bombay Stock Exchange.
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