CSB Bank falls despite reporting 20% rise in Q4 net profit
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CSB Bank is currently trading at Rs. 279.30, down by 13.65 points or 4.66% from its previous closing of Rs. 292.95 on the BSE.
The scrip opened at Rs. 291.70 and has touched a high and low of Rs. 297.20 and Rs. 267.50 respectively. So far 151059 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 297.20 on 28-Apr-2023 and a 52 week low of Rs. 178.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 297.20 and Rs. 267.50 respectively. The current market cap of the company is Rs. 4853.27 crore.
The promoters holding in the company stood at 49.72%, while Institutions and Non-Institutions held 17.34% and 32.93% respectively.
CSB Bank reported results for fourth quarter (Q4) and year ended March 31, 2023.
CSB Bank has reported 19.64% rise in its net profit at Rs 156.34 crore for the quarter under review as compared to Rs 130.67 crore for the same quarter in the previous year. Total income of the bank increased by 30.80% at Rs 762.81 crore for Q4FY23 as compared to Rs 583.17 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 19.38% rise in its net profit at Rs 547.36 crore as compared to Rs 458.49 crore for the previous year. Total income of the bank increased by 15.34% at Rs 2,635.66 crore for year under review as compared to Rs 2,285.11 crore for year ended March 31, 2022.
