Bank of Baroda zooms on reporting 75% rise in Q3 consolidated net profit

Bank Of Baroda is currently trading at Rs. 168.15, up by 4.50 points or 2.75% from its previous closing of Rs. 163.65 on the BSE.

bank of baroda trades higher on the bourses
Bank Of Baroda

The scrip opened at Rs. 165.40 and has touched a high and low of Rs. 168.70 and Rs. 163.65 respectively. So far 2416301 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. 169.95 and Rs. 146.50 respectively. The current market cap of the company is Rs. 87163.31 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 results for third quarter ended December 31, 2022. (Q3FY23)

The bank has reported rise of 75.36% in its net profit at Rs 3852.74 crore for Q3FY23 as compared to Rs 2197.03 crore for the corresponding quarter previous year.

Total income of the bank increased by 32.27% to Rs 27092.09 crore for the quarter under review as compared to Rs 20482.26 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 74.76% in its net profit at Rs 4305.66 crore for Q3FY23 as compared to Rs 2463.75 crore for the same quarter in the previous year.

Total income of the bank increased by 37.51% to Rs 30352.67 crore for the quarter under review as compared to Rs 22072.99 crore for the same quarter in the previous year.

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