Andhra Bank standalone net profit declines 31.90% in the March 2017 quarter

Total Operating Income rise 2.63% to Rs 4774.09 crore

Net profit of Andhra Bank declined 31.90% to Rs 35.14 crore in the quarter ended March 2017 as against Rs 51.60 crore during the previous quarter ended March 2016. Total Operating Income rose 2.63% to Rs 4774.09 crore in the quarter ended March 2017 as against Rs 4651.53 crore during the previous quarter ended March 2016.

For the full year,net profit declined 67.70% to Rs 174.35 crore in the year ended March 2017 as against Rs 539.84 crore during the previous year ended March 2016. Total Operating Income rose 2.23% to Rs 18027.42 crore in the year ended March 2017 as against Rs 17634.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Total Operating Income4774.094651.53 3 18027.4217634.68 2 OPM %53.9160.83 -58.5066.65 - PBDT135.14150.79 -10 359.351004.03 -64 PBT135.14150.79 -10 359.351004.03 -64 NP35.1451.60 -32 174.35539.84 -68

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