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Federal Bank shines on reporting 3-fold jump in Q4 net profit

The Federal Bank is currently trading at Rs. 100.15, up by 2.40 points or 2.46% from its previous closing of Rs. 97.75 on the BSE.

The scrip opened at Rs. 101.00 and has touched a high and low of Rs. 101.40 and Rs. 98.45 respectively. So far 880407 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 105.00 on 09-May-2018 and a 52 week low of Rs. 67.05 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 101.40 and Rs. 92.00 respectively. The current market cap of the company is Rs. 19803.67 crore.

The Institutions and Non-Institutions holding in the company stood at 66.97% and 33.03% respectively.

The Federal Bank has reported around 3-fold jump in its net profit at Rs 381.51 crore for the quarter ended March 31, 2019 as compared to Rs 144.99 crore for the same quarter in the previous year. Total income of the bank increased by 20.33% at Rs 3,444.04 crore for quarter under review as compared to Rs 2,862.14 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the bank has posted a rise of 41.54% in its net profit at Rs 1,243.89 crore as compared to Rs 878.85 crore for the previous year. Total income of bank increased 17.03% at Rs 12,770.05 crore for year under review as compared to Rs 10,911.98 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the bank has posted rise of 40.99% in its net profit at Rs 1,282.52 crore as compared to Rs 909.65 crore for the previous year. Total income of company bank by 17.12% at Rs 12,970.66 crore for year under review as compared to Rs 11,075.12 crore for year ended March 31, 2018.

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