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Bank of Baroda shares down on Q4 net profit disappointments

On Monday the Bank of Baroda reported a net profit of Rs 598 crore for the January-March quarter which is down 48.3 percent as against Rs 1,157 crore in the corresponding period of FY14.

The shares of Bank of Baroda are trading under pressure in the morning trade on Tuesday as the bank had reported lower profit than estimated.

“Bank of Baroda has surprised positively on the asset quality front. However, net profit of the company stood below estimates. We were expecting around Rs 812 crore of net profit for the last quarter of previous financial year,” ICICI Bank Securities said in a research report.

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