Dena Bank Q4 profit soars 62% at Rs 255 cr

Dena Bank Q4 profit soars 62% at Rs 255 cr New Delhi: Public sector lender Dena Bank on Tuesday posted 62 percent jump in net profit at Rs 254.79 crore for the fourth quarter (Q4) ended March, 2012.

The bank had a net profit of Rs 157 crore during the January-March quarter in the previous financial year.

Total income of the bank in Q4 rose to Rs 2,166.36 crore, compared to Rs 1,588.2 crore in the same quarter a year ago, Dena Bank said in a filing on the BSE.

The bank has proposed a dividend of 30 percent, or Rs 3 per share, on the face value of Rs 10 per share for 2011-12, it said.

For the full financial year ended March, 2012, Dena Bank reported a net profit of Rs 803.14 crore, up 31 percent, as compared to Rs 611.6 crore of previous fiscal.

Total income of the lender rose to Rs 7,376.30 crore in the financial year 2011-12 from Rs 5,567.3 crore in the last fiscal.

PTI