Bank of Maharashtra has reported results for the quarter & year ended March 31, 2013.
The bank’s net profit for the quarter ended March 31, 2013 has surged by over three and a half fold at Rs 258.99 crore for the quarter as compared to Rs 72.83 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 52.76% at Rs 3163.88 crore for the quarter under review as compared to Rs 2071.21 crore for the corresponding quarter of the previous fiscal.
The bank’s net profit for the year ended March 31, 2013 rose by 76.29% at Rs 759.52 crore as compared to Rs 430.83 crore for the previous year ended March 31, 2012. Its total income has surged by 34% to Rs 10525.43 crore for the year under review from Rs 7854.63 crore for the previous year.
On consolidated basis, the Group’s net profit stood at Rs 769.09 crore in FY13 as compared to Rs 436.81 crore in the previous year, up by 76.07%. Its total income rose by 34.02% at Rs 10535.79 crore for the year under review as against Rs 7861.55 crore for the previous fiscal.
