Federal Bank declines on reporting 11% fall in Q3 consolidated net profit
The Federal Bank is currently trading at Rs. 182.85, down by 8.15 points or 4.27% from its previous closing of Rs. 191.00 on the BSE.
The scrip opened at Rs. 187.60 and has touched a high and low of Rs. 187.70 and Rs. 178.15 respectively. So far 807212 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 216.90 on 05-Dec-2024 and a 52 week low of Rs. 139.80 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 194.05 and Rs. 178.15 respectively. The current market cap of the company is Rs. 44569.93 crore.
The Institutions and Non-Institutions held 75.00% and 25.00% stake in the company respectively.
Federal Bank has reported 5.10% decline in its net profit at Rs 955.44 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 1006.74 crore for the same quarter in the previous year. However, total income of the bank increased by 17.17% at Rs 7724.90 crore for Q3FY25 as compared to Rs 6592.66 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 10.77% decline in its net profit at Rs 948.70 crore for the quarter ended December 31, 2024 as compared to Rs 1063.24 crore for the same quarter in the previous year. However, total income of the bank increased by 17.19% at Rs 8196.02 crore for Q3FY25 as compared to Rs 6993.55 crore for the corresponding quarter previous year.
