 "Bank of Baroda shares close nearly 4% lower after fourth quarter net loss")
Shares of Bank of Baroda on Monday declined nearly 4 per cent after the company reported a standalone net loss of Rs 1,047 crore in the quarter ended March 31, 2021.
It dipped 5.60 per cent to Rs 79.15 during the day on the BSE. It closed at Rs 80.70, lower by 3.76 per cent.
The stock declined 3.81 per cent to close at Rs 80.65 at the NSE.
On traded volume terms, 70.41 lakh shares were traded at the BSE and over 12.99 crore units at the NSE during the day.
State-run Bank of Baroda reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime.
The lender had reported a standalone profit-after-tax of Rs 507 crore in the year-ago period.
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For the full year, net profit grew 52 per cent to Rs 829 crore, from Rs 546 crore in the financial year 2019-20.
The Gross NPA ratio fell to 8.87 per cent as against 9.40 per cent and the net NPA ratio to 3.09 per cent from 3.13 per cent.