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Bank of India Q1FY24; 137% rise in Profits.

Bank of India is an India-based bank. The Bank’s segments include Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment includes the entire investment portfolio, which is dealing in government and other securities, money market operations and foreign exchange operations.(Source : Company Web-site )

Financial Results:

Bank of India reported Revenues for Q1FY24 of ₹14,442.00 Crores up from ₹10,043.00 Crore year on year, a rise of 43.8%.

Total Expenses for Q1FY24 of ₹13,046.00 Crores up from ₹10,324.00 Crores year on year, a rise of 26.37%.

Consolidated Net Profit of ₹1,562.00 Crores up 137.03% from ₹659.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.81, up 138.12% from ₹1.60 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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