Bank of Baroda gains on reporting over 2-fold jump in Q1 consolidated net profit
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Bank Of Baroda is currently trading at Rs. 192.55, up by 1.10 points or 0.57% from its previous closing of Rs. 191.45 on the BSE.
The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 192.80 and Rs. 187.65 respectively. So far 1121713 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.80 on 10-Jul-2023 and a 52 week low of Rs. 116.30 on 23-Aug-2022.
Last one week high and low of the scrip stood at Rs. 203.75 and Rs. 187.65 respectively. The current market cap of the company is Rs. 99471.15 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 28.32% and 7.70% respectively.
Bank of Baroda has reported 87.72% rise in its net profit at Rs 4070.07 crore for the quarter ended June 30, 2023 as compared to Rs 2168.13 crore for the same quarter in the previous year. Total income of the bank increased by 48.50% at Rs 29878.07 crore for Q1FY24 as compared Rs 20119.52 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 4452.10 crore for the quarter ended June 30, 2023 as compared to Rs 1943.90 crore for the same quarter in the previous year. Total income of the bank increased by 54.42% at Rs 33318.13 crore for Q1FY24 as compared Rs 21576.76 crore for the corresponding quarter previous year.
