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Bank Results Results of Banks in India-Third Quarter ended December 2008 The Indian banking sector stole the limelight with a stellar performance by the public sector as well as the private sector banks. At a time when corporate India has seen its net profits shrink by 24 per cent, banks have reported a 43.83 per cent net profit growth in the quarter ended December 2008...Read Banknet's analysis of third quarter results of 41 major banks in India Axis Bank Net profit of Axis Bank rose 63.24% to Rs 500.86 crore in the quarter ended December 2008 as against Rs 306.83 crore during the previous quarter ended December 2007. Total operating income rose 65.61% to Rs 2984.77 crore in the quarter ended December 2008 as against Rs 1802.34 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 346.50, and P/E was 7.8. The stock had 52 weeks High/Low of Rs 1040/343. Allahabad Bank Net profit of Allahabad Bank rose 1.21% to Rs 369.47 crore in the quarter ended December 2008 as against Rs 365.05 crore during the previous quarter ended December 2007. Total operating income rose 21.96% to Rs 1898.05 crore in the quarter ended December 2008 as against Rs 1556.23 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 42.30, and P/E was 2.8. The stock had 52 weeks High/Low of Rs 112/42. Andhra Bank Net profit of Andhra Bank rose 33.68%.to Rs 212.58 crore in the quarter ended December 2008 as against Rs 212.58 crore during the previous quarter ended December 2007. The net NPA stood at Rs 86 crore, representing 0.21 per cent of net advances. The NII was higher by 22.09 per cent to Rs 451.87 crore as against Rs 370.13 crore last year. As on 26th February the stock closing price was Rs 43.90, and P/E was 3.7. The stock had 52 weeks High/Low of Rs 92/35. Bank of India Net profit of Bank of India rose 70.38% to Rs 872.17 crore in the quarter ended December 2008 as against Rs 511.89 crore during the previous quarter ended December 2007. Total operating income rose 37.83% to Rs 4343.17 crore in the quarter ended December 2008 as against Rs 3151.11 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 220.80, and P/E was 3.9. The stock had 52 weeks High/Low of Rs 369/189. Bank Of Baroda Net profit of Bank of Baroda rose 41.38% to Rs 7,08.37 crore in the quarter ended December 2008 as against Rs 5,01.05 crore during the previous quarter ended December 2007. Interest earned for the quarter rose 36.83% to Rs 41,08.0 crore, while total income for the quarter rose 36.86% to Rs 49,54.49 crore, when compared with the prior year period.As on 26th February the stock closing price was Rs 212.25, and P/E was 4.4. The stock had 52 weeks High/Low of Rs 375/188. Bank of Rajasthan Net profit of Bank of Rajasthan rose 16.75% to Rs 49.21 crore in the quarter ended December 2008 as against Rs 42.15 crore during the previous quarter ended December 2007. Total operating income rose 42.01% to Rs 372.63 crore in the quarter ended December 2008 as against Rs 262.39 crore during the previous quarter ended December 2007. As on 26th February the stock closing price was Rs 36.70, and P/E was 4.4. The stock had 52 weeks High/Low of Rs 148/30. Bank of Maharashtra Net profit of Bank of Maharashtra rose 20.20% to Rs 1,20.66 crore in the quarter ended December 2008 as against Rs 1,00.38 crore during the previous quarter ended December 2007. Interest earned for the quarter rose 24.39% to Rs 11,265.80 million, while total income for the quarter rose 31.10% to Rs 12,926 million, when compared with the prior year period. As on 26th February the stock closing price was Rs 21.70, and P/E was 3.2. The stock had 52 weeks High/Low of Rs 60/21. >>> (C-D) Bank Results >>> (E-I) Bank Results >>> (J-R) Bank Results >>> (S-Z) Bank Results Bank Results-Third Quarter ended December 2008 Click here Bank Results-Second Quarter ended September 2008 Click here Bank Results-First Quarter ended June 2008 Click here For Latest Bank Results Click here Click Here For Bank Directory Click Here For BANKEX-Bank Shares-Commentary Click Here For NSE Live Stock Quotes Click Here For BSE Live Stock Quotes   Web banknetindia.com

 

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