Bank of Baroda Q2 net jumps 60 per cent to Rs634.18 crore

Public sector lender Bank of Baroda (BoB) on Wednesday reported a net profit of Rs634.18 crore for fiscal second quarter ended September - a 60 per cent jump over the corresponding period a year earlier.

The bank posted a net profit of Rs395.29 crore during the September quarter of the last financial year.

BoB's total income rose to Rs4,730.75 crore in the latest quarter of the current fiscal from Rs4,026.90 crore in the corresponding period a year ago, the bank said in a filing with the Bombay Stock Exchange (BSE).

The half-year ended 30 September 2008 saw the bank register a net profit of Rs1,319.56 crore, which is up 72 per cent from the Rs766.14 crore posted in the similar period last fiscal.

The bank has an equity capital of Rs367 crore comprising equity shares with a face value of Rs10 each.

The current price of the bank's stock at Rs500 discounts the bank's Q1 June 2009 annualised EPS of Rs75 by a PE multiple of 6.67.