Federal Bank soars on reporting 58% rise in Q3 consolidated net profit
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Federal Bank is currently trading at Rs. 140.10, up by 1.65 points or 1.19% from its previous closing of Rs. 138.45 on the BSE.
The scrip opened at Rs. 139.00 and has touched a high and low of Rs. 143.35 and Rs. 137.25 respectively. So far 2758634 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 143.35 on 16-Jan-2023 and a 52 week low of Rs. 82.50 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 143.35 and Rs. 133.25 respectively. The current market cap of the company is Rs. 29640.82 crore.
The Institutions and Non-Institutions held 70.61% and 29.39%, stake in the Bank respectively.
Federal Bank has reported results for third quarter ended December 31, 2022. The Bank has reported rise of 54.03% in its net profit at Rs 803.61 crore for Q3FY23 as compared to Rs 521.73 crore for the corresponding quarter previous year. Total income of the bank increased by 26.50% to Rs 4,967.25 crore for the quarter as compared to Rs 3,926.75 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 57.80% in its net profit at Rs 852.28 crore for Q3FY23 as compared to Rs 540.09 crore for the same quarter in the previous year. Total income of the bank increased by 27.57% to Rs 5,262.58 crore for the quarter under review as compared to Rs 4,125.30 crore for the same quarter in the previous year.
