Bank of Maharashtra Q1 net at Rs.81.58 Crores

Bank of Maharashtra has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs.815.8 million for the quarter ended June 30, 2007 where as the same was at Rs.609.6 million for the quarter ended June 30, 2006. Total Income is Rs.8728.2 million for the quarter ended June 30, 2007 where as the same was at Rs.6858.3 million for the quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.1.89 for the quarter ended June 30, 2007 compared to Rs.1.42 during quarter ended June 30, 2006.

The Capital Adequacy Ratio of the Bank stood at 12.03% during quarter ended June 30, 2007 compared to 11.41% during quarter ended June 30, 2006.

The stock closed the day at Rs.56.70, up by Rs.1.90 or 3.47%. The total traded quantity was 206145 compared to 2 week average of 181825. The stock hit an intraday high of Rs.58.20 and low of Rs.53.80.

Source : Equity Bulls

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