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Allahabad Bank’s Q4 net falls 68.48%

07 May 2013 Evaluate

Allahabad Bank has reported results for the quarter & year ended March 31, 2013.

The bank’s net profit for the quarter ended March 31, 2013 declined by 68.48% at Rs 126.15 crore for the quarter as compared to Rs 400.22 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 5.60% at Rs 4776.90 crore for the quarter under review as compared to Rs. 4523.38 crore for the corresponding quarter of the previous fiscal.

The bank’s net profit for the year ended March 31, 2013 fell by 36.51% at Rs 1185.21 crore as compared to Rs 1866.78 crore for the previous year ended March 31, 2012. Its total income has surged by 12.43% to Rs 18912.60 crore for the year under review from Rs 16821.96 crore for the previous year.

On consolidated basis, the bank’s net profit for the year ended March 31, 2013 fall by 34.83% at Rs 1211.86 crore as compared to Rs 1859.60 crore for the previous year ended March 31, 2012. Its total income has surged by 13.07% to Rs 19048.93 crore for the year under review from Rs 16846.79 crore for the previous year.

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