14-05-2024 11:45 AM | Source: Accord Fintech
Karur Vysya Bank shines on reporting 35% rise in Q4 net profit

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Karur Vysya Bank is currently trading at Rs. 192.45, up by 5.05 points or 2.69% from its previous closing of Rs. 187.40 on the BSE.

The scrip opened at Rs. 189.35 and has touched a high and low of Rs. 193.60 and Rs. 188.85 respectively. So far 64361 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 209.25 on 30-Apr-2024 and a 52 week low of Rs. 95.70 on 15-May-2023.

Last one week high and low of the scrip stood at Rs. 194.10 and Rs. 180.15 respectively. The current market cap of the company is Rs. 15360.63 crore.

The promoters holding in the company stood at 2.20%, while Institutions and Non-Institutions held 51.60% and 46.21% respectively.

Karur Vysya Bank has reported 35.01% rise in its net profit at Rs 456.10 crore for the quarter ended March 31, 2024 as compared to Rs 337.82 crore for the same quarter in the previous year. Total income of the bank increased by 29.70% at Rs 2,813.42 crore for Q4FY24 as compared Rs 2,169.13 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the bank has reported 45.09% rise in net profit at Rs 1,604.81 crore as compared to Rs 1,106.09 crore for the previous year. Total income of the bank increased by 28.50% at Rs 9,862.63 crore for year under review as compared to Rs 7,675.49 crore for year ended March 31, 2023.