Karnataka Bank gains on reporting over 3-fold jump in Q1 consolidated net profit
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The Karnataka Bank is currently trading at Rs. 216.05, up by 0.35 points or 0.16% from its previous closing of Rs. 215.70 on the BSE.
The scrip opened at Rs. 220.20 and has touched a high and low of Rs. 223.75 and Rs. 213.70 respectively. So far 172309 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.75 on 04-Aug-2023 and a 52 week low of Rs. 70.90 on 23-Aug-2022.
Last one week high and low of the scrip stood at Rs. 223.75 and Rs. 200.40 respectively. The current market cap of the company is Rs. 6708.56 crore.
The Institutions and Non-Institutions held 27.03% and 72.96% stake respectively in the Bank.
Karnataka Bank has reported over 3-fold jump in its net profit at Rs 370.70 crore for the quarter ended June 30, 2023 as compared to Rs 114.18 crore for the same quarter in the previous year. Total income of the bank increased by 29.55% at Rs 2,282.58 crore for Q1FY24 as compared Rs 1,761.87 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 3-fold jump in net profit at Rs 370.73 crore for the first quarter ended June 30, 2023 as compared to Rs 114.05 crore for the same quarter in the previous year. Total income of the company increased by 29.55% at Rs 2,282.59 crore for Q1FY24 as compared Rs 1,761.87 crore for the corresponding quarter previous year.
