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Bank of Baroda Q4 profit declines 48pc at Rs. 598.35 cr

State-run Bank of Baroda’s standalone net profit declined by 48 per cent to Rs. 598.35 crore for the quarter ended March 31.

It had posted net profit of Rs. 1,157.27 crore in the fourth quarter of the previous fiscal, 2013-14, the bank said in a BSE filing on Monday.

Total standalone income rose by 4 per cent to Rs. 12,057.39 crore in January-March of 2014-15 from Rs. 11,614.85 crore in the same quarter of the previous fiscal, it added.

For the entire 2014-15 fiscal, BOB’s standalone net profit fell by 25 per cent to Rs. 3,398.43 crore, from Rs. 4,541.08 crore a year ago. Total income was up by 9 per cent to Rs. 47,365.55 crore as against Rs. 43,402.43.

On consolidated basis, the net profit showed 22 per cent fall at Rs. 3,911.73 crore, from Rs. 5,000.73 crore in 2013-14. fiscal.

Total income on a consolidated basis rose by 9 per cent to Rs. 50,364.23 crore from Rs. 46,018.05 crore during the same period.

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