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Published on 31/05/2021 11:33:26 AM | Source: Accord Fintech

Bank of Baroda falls on reporting consolidated net loss of Rs 741 crore in Q4

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Bank Of Baroda is currently trading at Rs. 81.10, down by 2.75 points or 3.28% from its previous closing of Rs. 83.85 on the BSE.

The scrip opened at Rs. 82.25 and has touched a high and low of Rs. 83.45 and Rs. 79.15 respectively. So far 3454593 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 99.80 on 19-Feb-2021 and a 52 week low of Rs. 37.50 on 29-May-2020.

Last one week high and low of the scrip stood at Rs. 84.65 and Rs. 79.15 respectively. The current market cap of the company is Rs. 41939.75 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 22.79% and 13.24% respectively.

Bank of Baroda has reported results for fourth quarter and year ended March 31, 2021.

The bank has reported net loss at Rs 1046.50 crore for the quarter under review as compared to net profit at Rs 506.59 crore for the same quarter in the previous year. Total income of the bank decreased by 0.0009% at Rs 21532.91 crore for Q4FY21 as compared Rs 21533.10 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported net loss at Rs 740.79 crore for the quarter under review as compared to net profit at Rs 459.42 crore for the same quarter in the previous year. However, total income of the bank increased by 5.19% at Rs 23762.09 crore for Q4FY21 as compared Rs 22589.84 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the bank has reported 51.77% rise in its net profit at Rs 828.95 crore as compared to Rs 546.18 crore for the previous year. However, total income of the bank decreased by 3.99% at Rs 82859.50 crore for year under review as compared to Rs 86300.98 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the bank has reported a rise of 66.82% in its net profit at Rs 1547.67 crore as compared to Rs 927.75 crore for the previous year. However, total income of the bank decreased by 2.29% at Rs 89001.18 crore for year under review as compared to Rs 91086.03 crore for year ended March 31, 2020.