Dena Bank Q1 net profit soars 51% to Rs 189 cr
29 July 2013 11:01 PM GMT
Dena Bank has reported a 50.55% increase in net profit for the quarter ended 30 June quarter-on-quarter to Rs 189.20 crore, from Rs 125.67 crore in January-March 2013, while total income was up 21.36% at Rs 2,765.68 crore against Rs 2,278.85 crores for Q1 FY2013.
However, net profit has declined from Rs 238.63 crore to Rs 189.20 crore on Y-o-Y basis, mainly due to higher provisions and contingencies of Rs 397.03 crore against Rs 219.29 crore during corresponding quarter of previous year. Operating profit has increased by 46.28% sequentially over March of FY 13 and 28.02% Y-o-Y at Rs 586.23 crore during the quarter.
However, net profit has declined from Rs 238.63 crore to Rs 189.20 crore on Y-o-Y basis, mainly due to higher provisions and contingencies of Rs 397.03 crore against Rs 219.29 crore during corresponding quarter of previous year. Operating profit has increased by 46.28% sequentially over March of FY 13 and 28.02% Y-o-Y at Rs 586.23 crore during the quarter.
Next Story
