Andhra Bank has reported consolidated results for the year ended March 31, 2012.
The Group’s net profit for the year ended March 31, 2012 grew by 6.08% at Rs 1331.18 crore as compared to Rs 1254.83 crore for the year ended March 31, 2011. Total Income of the group has increased by 33.44% to Rs 12613.56 crore for the year as compared to Rs 9452.63 crore for the previous year.
Hyderabad-based Andhra Bank’s net profit for the quarter ended March 31, 2012 increased by 8.59% at Rs 339.67 crore as compared to Rs 312.78 crore for the similar quarter of previous fiscal. Bank’s total income has registered a growth of 21.27% in its Q4FY12 to Rs 3228.90 crore as compared to Rs 2662.48 crore for Q4FY11.
For the 2011-12 fiscal, the bank reported a profit of Rs 1344.67 crore, up by 6.12% over the previous year’s net profit of Rs 1267.07 crore. The bank’s total income has increased by 32.76% to Rs 12198.66 crore for the year ended March 31, 2012 from Rs 9188.23 crore for the previous year.
