Central Bank of India gains on reporting 90% rise in Q1 consolidated net profit
Central Bank Of India is currently trading at Rs. 65.30, up by 0.88 points or 1.37% from its previous closing of Rs. 64.42 on the BSE.
The scrip opened at Rs. 64.91 and has touched a high and low of Rs. 65.56 and Rs. 64.11 respectively. So far 146411 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.85 on 07-Feb-2024 and a 52 week low of Rs. 29.56 on 03-Aug-2023.
Last one week high and low of the scrip stood at Rs. 67.62 and Rs. 63.25 respectively. The current market cap of the company is Rs. 55922.61 crore.
The promoters holding in the company stood at 93.08%, while Institutions and Non-Institutions held 2.97% and 3.95% respectively.
Central Bank of India has reported over 2- fold jump in its net profit at Rs 879.94 crore for the quarter ended June 30, 2024 as compared to Rs 418.43 crore for the same quarter in the previous year. Total income of the bank increased by 16.08% at Rs 9499.92 crore for Q1FY25 as compared to Rs 8183.92 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 90.40% rise in net profit at Rs 942.42 crore for Q1FY25 as compared to Rs 494.98 crore for the same quarter in the previous year. Total income of the bank increased by 16.01% at Rs 9533.37 crore for Q1FY25 as compared to Rs 8218.02 crore for the corresponding quarter previous year.
