Stellar Q4 result: This multibagger PSU company reports a 170 per cent jump in net profit; declares dividend!

The stock gave multibagger returns of 109.63 per cent from its 52-week low of Rs 89.90 per share.  

Bank of Baroda (BOB), is a leading Indian bank with a global presence, offering a wide range of financial services. It has announced its Quarterly Results and annual results for the year ended March 31, 2023.   

Quarterly Results: The net sales increased by 41.79 per cent and the net profit increased by 170.64 per cent with EPS of Rs 10.16 in Q4FY23 compared to Q4FY22.    

Annual Results: The net sales increased by 28.28 per cent and net profit increased by 89.88 per cent with EPS of Rs 28.82 in FY23 compared to FY22.   

Additionally, the company has declared Rs 5.50 per share having a face value of Rs 2 each fully paid up. The company has delivered good profit growth of 57.7 per cent CAGR over the last 5 years. The stock gave multibagger returns of 109.63 per cent from its 52-week low of Rs 89.90 per share.  

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Bank of Baroda, established in 1908, is one of India's largest PSU banks with a market cap of Rs 96,500 crore. It operates in multiple countries, providing retail and corporate banking services, along with innovative digital solutions, to foster economic growth and financial inclusion.  

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On Friday at the closing bell, shares of BOB surged by 1.39 per cent to Rs 186.35 with an intraday high of Rs 188.45 and an intraday low of Rs 183.95. Investors should keep an eye on this PSU stock.