05-12-2022 12:11 PM | Source: Accord Fintech
Indian Bank declines on reporting 41% fall in Q4 consolidated net profit
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Indian Bank is currently trading at Rs. 142.05, down by 1.75 points or 1.22% from its previous closing of Rs. 143.80 on the BSE.

The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 142.30 and Rs. 138.10 respectively. So far 120955 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.80 on 26-Oct-2021 and a 52 week low of Rs. 115.15 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 158.65 and Rs. 138.10 respectively. The current market cap of the company is Rs. 17685.26 crore.

The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 12.84% and 7.30% respectively.

Indian Bank has reported a fall of 42.40% in its net profit at Rs 984.25 crore for the quarter year ended March 31, 2022 as compared to Rs 1,708.85 crore for the same quarter in the previous year. However, total income of the bank increased by 8.78% at Rs 11,405.17 crore for Q4FY22 as compared Rs 10,485.10 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a fall of 40.63% in its net profit at Rs 1,024.31 crore for the quarter year ended March 31, 2022 as compared to Rs 1,725.37 crore for the same quarter in the previous year. However, total income of the bank increased by 9.41% at Rs 11,556.02 crore for Q4FY22 as compared Rs 10,561.77 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the bank has reported a rise of 31.29% in its net profit at Rs 3,944.82 crore as compared to Rs 3,004.68 crore for the previous year. Total income of the bank increased by 2.27% at Rs 45,771.67 crore for year under review as compared to Rs 44,755.97 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 31.52% in its net profit at Rs 4,141.81 crore as compared to Rs 3,149.15 crore for the previous year. Total income of the bank increased by 2.32% at Rs 46,268.15 crore for year under review as compared to Rs 45,219.48 crore for year ended March 31, 2021.