Bank of Maharashtra Q4 net jumps two-fold

Public sector lender Bank of Maharashtra today said its net profit grew over two-fold to Rs 137.33 crore during the fourth quarter of 2008-09 over the corresponding period a year ago.      

The company had a net profit of Rs 55.99 crore during the January-March quarter of FY'08, Bank of Maharashtra said in a filing to the Bombay Stock Exchange.      

Total income of the bank during the three-month ended March 31 rose to Rs 1,321.92 crore from Rs 1,049.11 crore in the corresponding quarter a year earlier.      

The bank has declared a dividend of 15 per cent or Rs 1.50 per equity share for the year ended March 31, 2009.      

For the financial year ended March 31, 2009, Bank of Maharashtra posted a net profit of Rs 375.17 crore, registering a growth of 14.24 per cent compared to Rs 328.39 crore of FY'08.      

Total income of the bank during FY09 rose to Rs 4,791.58 crore from Rs 3,820.76 crore of FY'08.      

Shares of Bank of Maharashtra closed at Rs 24.70, up 2.07 per cent on the BSE.