Central Bank of India trades higher on reporting 73% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Central Bank of India is currently trading at Rs. 30.50, up by 0.15 points or 0.49% from its previous closing of Rs. 30.35 on the BSE.
The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.21 and Rs. 30.42 respectively. So far 1576042 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 31.21 and Rs. 26.12 respectively. The current market cap of the company is Rs. 26442.14 crore.
The promoters holding in the company stood at 93.08%, while Institutions and Non-Institutions held 3.05% and 3.85% respectively.
Central Bank of India reported results for fourth quarter (Q4) and year ended March 31, 2023.
Central Bank of India has reported 84.02% rise in its net profit at Rs 571.03 crore for the quarter under review as compared to Rs 310.31 crore for the same quarter in the previous year. Total income of the bank increased by 33.46% at Rs 8,567.45 crore for Q4FY23 as compared to Rs 6,419.58 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 72.68% rise in its net profit at Rs 591.00 crore for fourth quarter ended March 31, 2023 as compared to Rs 342.26 crore for the same quarter in the previous year. Total income of the bank increased by 33.37% at Rs 8,595.68 crore for Q4FY23 as compared to Rs 6,444.82 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 51.43% rise in its net profit at Rs 1,582.20 crore as compared to Rs 1,044.83 crore for the previous year. Total income of the bank increased by 14.96% at Rs 29,625.60 crore for year under review as compared to Rs 25,770.13 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the bank has reported 56.05% rise in its net profit at Rs 1,678.78 crore as compared to Rs 1,075.79 crore for the previous year. Total income of the bank increased by 14.96% at Rs 29,741.59 crore for year under review as compared to Rs 25,870.83 crore for year ended March 31, 2022.
