Bank of Baroda has posted a growth of 20.23% growth in its first quarter net profit at Rs 1,033 crore for June, 2011 as compared to Rs 859.2 crore in the corresponding quarter a year ago.
Net Interest Income (NII) was posted at Rs 2,298 crore, an increase of 23.68% from Rs 1,858 crore in the same quarter last year.
The provisions for the quarter were posted at Rs 391 crore from Rs 251 crore in the corresponding quarter. Other income was registered at Rs 641 crore, a marginal rise from Rs 617 crore in the same quarter last year.
Net Non Performing Assets (NPAs) rose marginally to 0.44% from 0.39% in previous year's June quarter. Deposits for the quarter had increased to 21% while advances grew by 24%.
Post results, the scrip plunged 2.68% trading at Rs 875.50 per shares at 1212 hours on the Bombay Stock Exchange.