RBL Bank trades lower on reporting 94% fall in Q2 consolidated net profit
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RBL Bank is currently trading at Rs. 182.70, down by 18.70 points or 9.29% from its previous closing of Rs. 201.40 on the BSE.
The scrip opened at Rs. 186.80 and has touched a high and low of Rs. 186.95 and Rs. 172.10 respectively. So far 2309156 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 155.65 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 212.85 and Rs. 172.10 respectively. The current market cap of the company is Rs. 11006.78 crore.
The Institutions and Non-Institutions held 54.29% and 45.70%, stake in the Bank respectively.
RBL Bank has reported results for second quarter ended September 30, 2021.
The bank has reported 78.63% fall in its net profit at Rs 30.80 crore for the quarter under review as compared to net profit of Rs 144.16 crore for the same quarter in the previous year. However, total income of the bank increased by 2.10% at Rs 2567.65 crore for Q2FY22 as compared Rs 2514.88 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 93.62% fall in its net profit of Rs 9.72 crore for the quarter under review as against net profit of Rs 152.43 crore for the same quarter in the previous year. However, total income of the bank increased by 1.30% at Rs 2629.08 crore for Q2FY22 as compared Rs 2595.30 crore for the corresponding quarter previous year.
