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State Bank of Mysore reports 34% drop in Q4 net profit

30 Apr 2013 Evaluate

State Bank of Mysore has reported results for the quarter and year ended March 31, 2013:

The bank’s net profit has plunged by 34.40% at Rs 76.19 crore for the fourth quarter ended March 31, 2013 as compared to Rs 116.15 crore for the similar quarter ended March 31, 2012. Total Income has increased by 12.87% to Rs 1721.48 crore for the quarter ended March 31, 2013 from Rs 1525.16 crore for the quarter ended March 31, 2012.

For the Year ended March 31, 2013, the bank’s net profit has rose 12.72% at Rs 416.10 crore as compared to Rs 369.15 crore for the previous year. Bank’s total Income has increased by 16.42% to Rs 6513.74 crore for the year from Rs 5594.83 crore for the previous fiscal.

 

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