Bank of India falls despite reporting 21% rise in Q1 consolidated net profit
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Bank of India is currently trading at Rs. 122.00, down by 4.15 points or 3.29% from its previous closing of Rs. 126.15 on the BSE.
The scrip opened at Rs. 124.95 and has touched a high and low of Rs. 124.95 and Rs. 119.55 respectively. So far 1614656 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.00 on 30-Apr-2024 and a 52 week low of Rs. 83.05 on 07-Aug-2023.
Last one week high and low of the scrip stood at Rs. 128.20 and Rs. 119.55 respectively. The current market cap of the company is Rs. 55588.07 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 19.07% and 7.55% respectively.
Bank of India has reported 9.78% rise in net profit at Rs 1,702.73 crore for Q1FY25 as compared to Rs 1,551.07 crore for the same quarter in the previous year. Total income of the bank increased by 15.29% at Rs 18,240.02 crore for Q1FY25 as compared to Rs 15,821.08 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 20.92% rise in its net profit at Rs 1,888.28 crore for the quarter ended June 30, 2024 as compared to Rs 1,561.55 crore for the same quarter in the previous year. Total income of the bank increased by 15.43% at Rs 18,383.65 crore for Q1FY25 as compared to Rs 15,926.04 crore for the corresponding quarter previous year.
