Bank of Baroda net up 61% to Rs 1,019 cr

State-owned Bank of Baroda (BoB) on Thursday reported a 60.7 per cent jump in net profit at Rs 1,019.3 crore for the second quarter ended September 30.

It had a net profit of Rs 634.2 crore in the same quarter last financial year, the bank said in a filing to the Bombay Stock Exchange (BSE).

The lender also reported an increase of 23.4 per cent in total income for the quarter, at Rs 5,839.9 crore, against Rs 4,730.7 crore in the year-ago period.

Further, it earned an interest of Rs 5,158.6 crore during the quarter, compared to Rs 4,135.4 crore during the corresponding period last year.

During the six months ended September 30, the bank clocked a 38 per cent rise in net profit to Rs 1,878.1 crore, compared to Rs 1,319.5 crore in the same period a year ago.

Th state-owned bank also reported a total income of Rs 11,184.1 crore in the first six months, compared to Rs 9,465.9 crore in the previous financial year.

Shares of BoB were trading at Rs 1,039 on the BSE, up 4.92 per cent from the previous close.