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Allahabad Bank reports 25% rise in Q4 net profit

07 May 2014 Evaluate

Allahabad Bank has reported results for fourth quarter and year ended March 31, 2014.

The bank has posted a rise of 25.05% in its net profit at Rs 157.75 crore for the quarter ended March 31, 2014 as compared to Rs 126.15 crore for the same quarter in the previous year.  Total income of the bank has increased by 9.65% at Rs 5237.68 crore for quarter under review as compared to Rs 4776.90 crore for the quarter ended March 31, 2013.

For the full year ended March 31, 2014, the bank has reported a fall of 1.11% in its net profit after tax at Rs 1172.02 crore as compared to Rs 1185.21 crore for FY13. However, total income increased by 10.57% at Rs 20912.43 crore for year under review as compared to Rs 18912.60 crore for the year ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the bank has posted a fall of 1.93% in its net profit at Rs 1188.43 crore as compared to Rs 1211.86 crore in FY13. However, total income of bank has increased by 10.54% at Rs 21057.48 crore for year under review as compared to Rs 19048.93 crore for the period ended March 31, 2013.

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