Federal Bank gains on reporting 81% rise in Q1 consolidated net profit
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Federal Bank is currently trading at Rs. 98.80, up by 1.50 points or 1.54% from its previous closing of Rs. 97.30 on the BSE.
The scrip opened at Rs. 98.20 and has touched a high and low of Rs. 99.85 and Rs. 96.45 respectively. So far 805925 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. 77.50 on 27-Aug-2021.
Last one week high and low of the scrip stood at Rs. 100.70 and Rs. 96.10 respectively. The current market cap of the company is Rs. 20773.55 crore.
The Institutions holding in the company stood at 69.26%, while Non-Institutions held 30.74%.
Federal Bank has reported a rise of 63.54% in its net profit at Rs 600.66 crore for first quarter ended June 30, 2022 as compared to Rs 367.29 crore for the same quarter in the previous year. Total income of the bank increased by 1.94% at Rs 4,081.48 crore for Q1FY23 as compared Rs 4,003.97 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 80.84% in its net profit at Rs 643 crore for first quarter ended June 30, 2022 as compared to Rs 355.56 crore for the same quarter in the previous year. Total income of the bank increased by 4.16% at Rs 4,318.17 crore for Q1FY23 as compared Rs 4,145.88 crore for the corresponding quarter previous year.
