Dena Bank Q4 profit soars 62% at Rs 255 cr

Public sector lender Dena Bank today posted 62% jump in net profit at Rs 254.79 crore for the fourth quarter (Q4) ended March, 2012.

The bank had a net profit of Rs 157 crore during the January-March quarter in the previous financial year.

Total income of the bank in Q4 rose to Rs 2,166.36 crore, compared to Rs 1,588.2 crore in the same quarter a year ago, Dena Bank said in a filing on the BSE.

The bank has proposed a dividend of 30%, or Rs 3 per share, on the face value of Rs 10 per share for 2011-12, it said.

For the full financial year ended March, 2012, Dena Bank reported a net profit of Rs 803.14 crore, up 31%, as compared to Rs 611.6 crore of previous fiscal.

Total income of the lender rose to Rs 7,376.30 crore in the financial year 2011-12 from Rs 5,567.3 crore in the last fiscal.