Bank of baroda

Results of Operations
Six Months ended September 30, 2005 Compared with the Six Months Ended September 30, 2004
Our total income increased by 2.13% from Rs. 39,720.81 million in the six months ended September 30, 2004 to Rs. 4
0,566.50million in the six months ended September 30, 2005 and our total expenditure increased by 9.18% from Rs.
27,878.56 million in the six months ended September 30, 2004 to Rs. 30,438.41 million in the six months ended
September 30, 2005. Our operating profit decreased by 14.47% from Rs. 11,842.25 million in the six months ended
September 30, 2004 to Rs. 10,127.09 million in the six months ended September 30, 2005. Our net profit also decreased
by 4.64% from Rs. 5,258.09 million in the six months ended September 30, 2004 to Rs. 5,014.75 million in the six months
ended September 30, 2005.
Net Interest Income
Our net interest income increased by 12.65% from Rs. 14,289.99 million in the six months ended September 30, 2004 to
Rs. 16,096.22 million in the six months ended September, 30 2005. The following table sets forth the components of our
net interest income:
Six months ended September 30,
2004
2005
(in Rs. million)
Interest income
31,903.58.
34,876.38
Interest expense
17,614.59
18,780.16
Net interest income
14,288.99
16,096.22
The increase in net interest income was due primarily to a 9.32% increase in total interest income from Rs. 31,903.58
million in the six months ended September, 30 2004 to Rs. 3,4876.38 million in the six months ended September 30,
2005.

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BANK OF BARODA
Interest Income
The following table sets forth the components of our interest income:
Six months ended September 30,