Andhra Bank net up 5.75 %

BS 200 SCORECARD

Andhra Bank posted a marginal 5.75 per cent rise in net profit at Rs 136.28 crore for the quarter ended December 2006, against Rs 128.86 crore recorded during the corresponding period of the previous financial year. Total income at Rs 945.62 crore was 15.67 per cent higher than Rs 817.50 crore in the same period last year.

Earnings per share stood at Rs 2.81 against Rs 3.22 in the third quarter of the last year. The bank's equity share capital increased to Rs 485 crore from Rs 400 crore following its second public offering last year.

Operating profit during the quarter under consideration stood at Rs 260.73 crore, registering a growth rate of 28.45 per cent over Rs 202.97 crore posted in the year-ago quarter.