Bank of Baroda Q4 net profit at Rs.2456.60 million, recommends 30% dividend

Bank of Baroda has announced the Audited results for the quarter & year ended March 31, 2007

The results for the Quarter ended March 31, 2007: The Bank has posted a net profit of Rs 2456.60 million for the quarter ended March 31, 2007 where as the same was at Rs 2088.00 million for the quarter ended March 31, 2006. Total Income is Rs 29123.60 million for the quarter ended March 31, 2007 where as the same was at Rs 23270.70 million for the quarter ended March 31, 2006.

The results for the Year ended March 31, 2007: The Bank has posted a net profit of Rs 10264.70 million for the year ended March 31, 2007 where as the same was at Rs 8269.70 million for the year ended March 31, 2006. Total Income is Rs 103858.80 million for the year ended March 31, 2007 where as the same was at Rs 81773.40 million for the year ended March 31, 2006.

BOB Housing Finance Ltd a subsidiary of the Bank, which has been merged with the bank w.e.f. April 01, 2006. The figures of the year / quarter ended March 31, 2007 are as such not comparable with the corresponding previous periods figures.

The Board of Directors of the Bank at its meeting held on April 28, 2007, inter alia, has recommended Final Dividend for the year 2006-07 @ 30% (Rs 3/- per Equity Share of Rs 10/- fully paid).

Source : Equity Bulls

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