The company generated surplus cash of around Rs 2,000 crore which resulted in reduction of debt
Net sales increase 11% at Rs 3,870 cr; announces dividend of Rs 20 per share
The drop is on account of higher provisions during the quarter, which went up by 11% to Rs 306 cr
Provisioning for bad loans rose to Rs 1,009 crore during fourth quarter of 2014-15
The bank had registered a net profit of Rs 135.84 crore for the corresponding period last year
Net sales during the quarter under review stood at Rs 9,321.97 crore
Bank cites weak interest income and much higher NPA provisions; hopes to address these and improve share of low-cost deposits this year
Company's consolidated total income stands at Rs 4,830 cr
In FY15, its consolidated net earnings fell 14 per cent to Rs 385 crore from Rs 446 crore in the previous year
Provisions for bad loans in the quarter rose to 18.18 billion rupees from 11.53 billion rupees in the year ago period
Higher provisions and flat net interest income resulted in slower growth of net profit
The company's net sales in the year stood at Rs 3,532.41 crore compared with Rs 3,145.77 crore in the previous year
The company had posted a net profit of Rs 8.5 crore for the same period of the previous year
The company had reported a net profit of Rs 172 crore in the same quarter a year ago
For the full fiscal 2014-15, profit came in at Rs 336 crore as against Rs 304 crore a year ago
Bank reported a turnaround compared to the net loss posted during quarter ended December 31, 2014
The bank's net NPA stood at 3.99 per cent at the end of March 2015, against 4.15 per cent in the end of March 2015
In the March quarter, provision for NPAs rose 87% to Rs 3,281 cr
Net Income Margins improved during the quarter under review by 41 bps to 6.41%