Andhra Bank Q4 net profit up marginally at Rs 345 crore
Andhra Bank today reported a marginal jump of 1.5 per cent in net profit at Rs 345 crore for the fourth quarter ended March 31, 2013.
The state-owned bank's net profit stood at Rs 340 crore in the year-ago period.
Total income of the bank in the reported quarter grew by 15 per cent to Rs 3,713 crore from Rs 3,229 crore in January-March 2012.
Net non-performing assets stood at Rs 2,409 crore during Q4 FY13 against Rs 756 crore during the same period previous year, according to the statement by the bank.
The employee cost during the reported quarter stood at Rs 381 crore as against Rs 319 crore during the same period of the previous fiscal year.
Other operating expenses stood at Rs 213 crore as against Rs 164 crore in the last quarter of FY12.
For the whole year ended March 31, 2013, total income of the bank stood at Rs 13,957 crore against Rs 12,199 crore in 2011-12.
In FY13, the net profit was Rs 1,289 crore against Rs 1,345 crore in FY12.
Shares of the bank ended 2.19 per cent higher at Rs 93.2 on the Bombay Stock Exchange.
