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Bank of Baroda shares down 6% after net loss of Rs 1,047 cr in Q4

PTI | Updated on: Monday, May 31, 2021, 11:40 AM IST

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Shares of Bank of Baroda on Monday declined nearly 6 percent after the company reported a standalone net loss of Rs 1,047 crore in the quarter ended March 31, 2021.

It dipped 5.60 percent to Rs 79.15 on the BSE. The stock declined 5.66 percent to Rs 79.10 at the NSE.

At 11.36 AM, the stock was down Rs 2.30 or 2.74 percent at Rs 81.55 apiece on NSE.

At 11.37 AM, the stock was trading down at Rs 2.25 down or 2.68 percent at Rs 81.60 on BSE.

State-run Bank of Baroda reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime.

The lender had reported a standalone profit-after-tax of Rs 507 crore in the year-ago period.

For the full year, net profit grew 52 percent to Rs 829 crore, from Rs 546 crore in FY20.

Gross NPA ratio fell to 8.87 percent as against 9.40 per cent and net NPA ratio to 3.09 percent from 3.13 percent.

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Published on: Monday, May 31, 2021, 11:40 AM IST