Central Bank of India gains on reporting 55% rise in Q3 consolidated net profit
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Central Bank of India is currently trading at Rs. 54.81, up by 0.21 points or 0.38 % from its previous closing of Rs. 54.60 on the BSE.
The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 55.84 and Rs. 54.40 respectively. So far 1103618 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.99 on 18-Sep-2023 and a 52 week low of Rs. 22.25 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 55.84 and Rs. 49.29 respectively. The current market cap of the company is Rs. 48031.64 crore.
The promoters holding in the company stood at 93.08%, while Institutions and Non-Institutions held 2.87% and 4.05% respectively.
Central Bank of India has reported 56.66% rise in net profit at Rs 717.86 crore for third quarter ended December 31, 2023 as compared to Rs 458.22 crore for the same quarter in the previous year. Total income of the bank increased by 19.69% at Rs 9,138.93 crore for Q3FY24 as compared Rs 7,635.71 crore for corresponding quarter of the previous year.
On consolidated basis, the bank reported 55.12% rise in its net profit at Rs 734.47 crore for third quarter ended December 31, 2023 as compared to Rs 473.47 crore for the same quarter in the previous year. Total income of the bank increased by 19.64% at Rs 9,171.16 crore for Q3FY24 as compared Rs 7,665.59 crore for corresponding quarter of the previous year.
