Federal Bank zooms on reporting 52% rise in Q2 consolidated net profit
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Federal Bank is currently trading at Rs. 129.65, up by 4.85 points or 3.89% from its previous closing of Rs. 124.80 on the BSE.
The scrip opened at Rs. 127.30 and has touched a high and low of Rs. 132.10 and Rs. 125.10 respectively. So far 2096236 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 132.10 on 14-Oct-2022 and a 52 week low of Rs. 78.70 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 132.10 and Rs. 120.10 respectively. The current market cap of the company is Rs. 27776.56 crore.
The Institutions and Non-Institutions held 68.32% and 31.68%, stake in the Bank respectively.
Federal Bank has reported results for second quarter ended September 30, 2022.
The bank has reported a rise of 52.89% in its net profit at Rs 703.71 crore for the quarter under review as compared to Rs 460.26 crore for the same quarter in the previous year. Total income of the bank increased by 19.62% at Rs 4630.30 crore for Q2FY23 as compared Rs 3870.90 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported rise of 51.83% in its net profit at Rs 740.91 crore for the quarter under review as compared to Rs 487.99 crore for the same quarter in the previous year. Total income of the bank increased by 20.34% at Rs 4886.58 crore for Q2FY23 as compared Rs 4060.75 crore for the corresponding quarter previous year.
