Federal Bank gains on reporting 29% rise in Q3 consolidated net profit
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Federal Bank is currently trading at Rs. 96.65, up by 0.80 points or 0.83% from its previous closing of Rs. 95.85 on the BSE.
The scrip opened at Rs. 95.05 and has touched a high and low of Rs. 96.80 and Rs. 94.50 respectively. So far 595617 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.65 on 25-Oct-2021 and a 52 week low of Rs. 69.00 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 99.80 and Rs. 90.25 respectively. The current market cap of the company is Rs. 20317.23 crore.
The Institutions holding in the company stood at 66.89%, while Non-Institutions held 33.11%.
Federal Bank has reported a rise of 29.11% in its net profit at Rs 521.73 crore for third quarter ended December 31, 2021 as compared to Rs 404.10 crore for the same quarter in the previous year. However, total income of the bank decreased by 0.21% at Rs 3926.75 crore for Q3FY22 as compared Rs 3934.90 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported a rise of 28.69% in its net profit at Rs 540.09 crore for third quarter ended December 31, 2021 as compared to Rs 419.67 crore for the same quarter in the previous year. Total income of the bank increased by 1.05% at Rs 4125.30 crore for Q3FY22 as compared Rs 4082.31 crore for the corresponding quarter previous year.
