Shares of Bank of BarodaBSE 2.73 % moved higher in trade after the bank reported better-than-expected results for the quarter ended September 2013.
Its net profit for the quarter stood at Rs 1,168 crore. The profit is down 10.2 per cent compared to a net profit of Rs 1,301.4 crore in the corresponding quarter last fiscal.
Net interest income for the quarter was inline at Rs 2,895 crore, up 1.1 per cent, against Rs 2,862.3 crore.
Its gross NPAs increased to 3.15 per cent vs 2.99 per cent, Quarter-on-Quarter (Q-o-Q) and net NPAs rose to 1.85 per cent vs 1.69 per cent, Q-o-Q. According to analyst tracking the sector, the asset quality was also better than expected.
Provisions for quarter slipped to Rs 860.8 crore, against Rs 1,017 crore, Q-o-Q.
Domestic net interest margins for September quarter stood at 2.85 per cent vs 2.84 per cent, Q-o-Q and global NIMs slipped to 2.32 per cent vs 2.41 per cent, Q-o-Q.
CASA ratio stood at 32.65 per cent as of September 30.
At 11:50 a.m.; the stock was at Rs 586.65, up 1.02 per cent, on the BSE. It touched a high of Rs 594.85 and a low of Rs 577.05 in trade today.
Its net profit for the quarter stood at Rs 1,168 crore. The profit is down 10.2 per cent compared to a net profit of Rs 1,301.4 crore in the corresponding quarter last fiscal.
Net interest income for the quarter was inline at Rs 2,895 crore, up 1.1 per cent, against Rs 2,862.3 crore.
Its gross NPAs increased to 3.15 per cent vs 2.99 per cent, Quarter-on-Quarter (Q-o-Q) and net NPAs rose to 1.85 per cent vs 1.69 per cent, Q-o-Q. According to analyst tracking the sector, the asset quality was also better than expected.
Provisions for quarter slipped to Rs 860.8 crore, against Rs 1,017 crore, Q-o-Q.
Domestic net interest margins for September quarter stood at 2.85 per cent vs 2.84 per cent, Q-o-Q and global NIMs slipped to 2.32 per cent vs 2.41 per cent, Q-o-Q.
CASA ratio stood at 32.65 per cent as of September 30.
At 11:50 a.m.; the stock was at Rs 586.65, up 1.02 per cent, on the BSE. It touched a high of Rs 594.85 and a low of Rs 577.05 in trade today.
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