Bank of Maharashtra Q3 net zooms 50%

State-owned Bank of Maharashtra (BoM) today reported a 50% increase in net profit to Rs 135.54 crore for the third quarter ended December 31, 2011.

The bank had posted a net profit of Rs 90.25 crore for the corresponding quarter last fiscal, BoM said in a filing to the Bombay Stock Exchange (BSE).

Total income of the lender rose to Rs 2,020.78 crore during the October-December quarter from Rs 1,552.74 crore in the same period last year.

During the first nine months of 2011-12, the bank registered a 37% rise in net profit to Rs 358 crore from Rs 260.98 crore in the same period a year ago.

 

The bank reported a total income of Rs 5,783.42 crore in the first three quarters, compared to Rs 4,391.33 crore in the same period last financial year.