Bank of Baroda Q4 profit declines 48% at Rs 598.35 crore

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 today.

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.

Shares of the bank were trading 13.43 per cent up at Rs 164.65 apiece on the BSE.