RBL Bank gains on reporting 9% rise in Q3 consolidated net profit
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RBL Bank is currently trading at Rs. 269.45, up by 3.75 points or 1.41% from its previous closing of Rs. 265.70 on the BSE.
The scrip opened at Rs. 261.80 and has touched a high and low of Rs. 277.50 and Rs. 261.60 respectively. So far 515619 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 131.60 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 295.00 and Rs. 259.00 respectively. The current market cap of the company is Rs. 16373.82 crore.
The Institutions holding in the company stood at 48.02%, while Non-Institutions held 51.98% in the company.
RBL Bank has reported 11.54% rise in net profit at Rs 233.09 crore for third quarter ended December 31, 2023 as compared to Rs 208.97 crore for the same quarter in the previous year. Total income of the bank increased by 27.37% at Rs 3,968.95 crore for Q3FY24 as compared Rs 3,116.19 crore for corresponding quarter of the previous year.
On consolidated basis, the bank reported 8.94% rise in its net profit at Rs 244.89 crore for third quarter ended December 31, 2023 as compared to Rs 224.80 crore for the same quarter in the previous year. Total income of the bank increased by 27.15% at Rs 3,968.82 crore for Q3FY24 as compared Rs 3,121.34 crore for corresponding quarter of the previous year.
