Bandhan Bank trades in green despite reporting 80% fall in Q4 net profit
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Bandhan Bank is currently trading at Rs. 298.75, up by 1.75 points or 0.59% from its previous closing of Rs. 297.00 on the BSE.
The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 304.80 and Rs. 285.90 respectively. So far 885071 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 430.25 on 11-Dec-2020 and a 52 week low of Rs. 195.40 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 329.35 and Rs. 285.90 respectively. The current market cap of the company is Rs. 48439.01 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 36.82% and 23.19% respectively.
Bandhan Bank has reported results for fourth quarter and year ended March 31, 2021.
The bank has reported a fall of 80.08% in its net profit at Rs 103.03 crore for the quarter under review as compared to Rs 517.29 crore for the same quarter in the previous year. However, total income of the bank increased by 13.19% at Rs 3,787.91 crore for Q4FY21 as compared Rs 3,346.47 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the bank has reported a fall of 27.06% in its net profit at Rs 2,205.46 crore as compared to Rs 3,023.74 crore for the previous year. However, total income of the bank increased by 17.68% at Rs 14,633.27 crore for year under review as compared to Rs 12,434.69 crore for year ended March 31, 2020.
