Bank Of Baroda gains on reporting over 2-fold jump in Q4 consolidated net profit

Bank Of Baroda is currently trading at Rs. 187.35, up by 1.00 points or 0.54% from its previous closing of Rs. 186.35 on the BSE.

bank of baroda trades higher on the bourses
Bank Of Baroda

The scrip opened at Rs. 189.65 and has touched a high and low of Rs. 190.05 and Rs. 187.20 respectively. So far 402779 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 190.05 and Rs. 177.40 respectively. The current market cap of the company is Rs. 96368.33 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 27.92% and 8.11% respectively.

Bank Of Baroda has reported over 2-fold jump in its net profit at Rs 4,775.33 crore for the quarter ended March 31, 2023 as compared to Rs 1,778.77 crore for the same quarter in the previous year. Total income of the bank increased by 41.68% at Rs 29,322.74 crore for Q4FY23 as compared to Rs 20,695.90 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 5,255.17 crore for fourth quarter ended March 31, 2023 as compared to Rs 2,031.55 crore for the same quarter in the previous year. Total income of the bank increased by 44.76% at Rs 32,528.06 crore for Q4FY23 as compared to Rs 22,470.46 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported 94.02% jump in its net profit at Rs 14,109.62 crore as compared to Rs 7,272.28 crore for the previous year. Total income of the bank increased by 22.43% at Rs 99,614.38 crore for year under review as compared to Rs 81,364.73 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the bank has reported around 2-fold jump in its net profit at Rs 14,905.20 crore as compared to Rs 7,849.69 crore for the previous year. Total income of the bank increased by 26.20% at Rs 110,777.98 crore for year under review as compared to Rs 87,780.19 crore for year ended March 31, 2022.

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