Indian Bank surges on reporting 14% rise in Q2 consolidated net profit
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Indian Bank is currently trading at Rs. 259.45, up by 10.00 points or 4.01% from its previous closing of Rs. 249.45 on the BSE.
The scrip opened at Rs. 254.35 and has touched a high and low of Rs. 269.00 and Rs. 254.35 respectively. So far 170696 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.00 on 07-Nov-2022 and a 52 week low of Rs. 130.15 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 269.00 and Rs. 240.90 respectively. The current market cap of the company is Rs. 32817.37 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 14.69% and 5.45% respectively.
Indian Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 12.49% in its net profit at Rs 1,225.22 crore for Q2FY23 as compared to Rs 1,089.17 crore for the corresponding quarter previous year. Total income of the bank increased by 9.59% to Rs 12,538.01 crore for the quarter under review as compared to Rs 11,440.42 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 14.32% in its net profit at Rs 1,287.39 crore for the quarter under review as compared to Rs 1,126.11 crore for the same quarter in the previous year. Total income of the bank increased by 10.43% to Rs 12,714.20 crore for the quarter under review as compared to Rs 11,513.70 crore for the same quarter in the previous year.
