Allahabad Bank has posted over eight times increase in its net profit at Rs 333.59 crore for the quarter ended 30 September compared with Rs 41.68 crore in the corresponding period last year. However, during the quarter the bank's total income dipped by over 19 per cent to Rs 1,977.19 crore from Rs 2,451.51 crore last year.
The bank's other income was substantially higher at 404.82 crore which last year during the same period stood at Rs 131.23 crore.
The earning per share for the quarter stood at Rs 7.47 against Rs 0.93 last year.
On the Bombay Stock Exchange, the bank's shares traded weal at Rs 124.90, down 2.46 per cent at IST 1409.