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Central Bank of India shines on reporting consolidated net profit of Rs 121.61 crore in Q1

Central Bank of India is currently trading at Rs. 19.65, up by 1.80 points or 10.34% from its previous closing of Rs. 17.40 on the BSE.

The scrip opened at Rs. 18.50 and has touched a high and low of Rs. 19.20 and Rs. 18.35 respectively. So far 147469 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 73.80 on 18-Sep-2018 and a 52 week low of Rs. 16.80 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 19.45 and Rs. 16.80 respectively. The current market cap of the company is Rs. 7756.73 crore.

The promoters holding in the company stood at 89.46%, while Institutions and Non-Institutions held 6.67% and 3.87% respectively.

Central Bank of India has reported a net profit of Rs 118.33 crore for the quarter ended June 30, 2019 against net loss of Rs 1,522.24 crore for the same quarter in the previous year. Total income of the Bank increased by 9.97% at Rs 6,493.55 crore for Q1FY20 as compared Rs 5904.82 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a net profit of Rs 121.61 crore for the quarter under review against net loss of Rs 1,515.69 crore for the same quarter in the previous year. Total income of the Bank increased by 9.85% at Rs 6,518.37 crore for Q1FY20 as compared Rs 5933.70 crore for the corresponding quarter previous year.

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