Bank of Maharashtra Q2 FY11 Results : Net profit declined 39.66%

by khalid on 24/10/2010 · 0 comments

Bank of Maharashtra has posted a decline in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit declined 39.66% to Rs 52.30 crore in comparison to the Rs 86.68 crore of Q2 (ending Sep 09) of previous year(FY10). Maharashtra Bank is one of the largest banks in Western India.

The bank informed the share market(BSE) that the net income increased 13.42% to Rs 1307.96 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 1153.22 crore. At current value, the price-to-book value of the company was 1.49. The dividend yield of the company was 2.41%.

Share’s Data :-
BSE Code : 532525
Mkt. Cap : Rs 3,571.00 Crores
Bank of Maharashtra Ltd. share’s CMP is Rs 82.95 on 22nd Oct 2010.

Source :- BelltheBull

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