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26-Jul2017

Federal Bank declines despite reporting 26% rise in Q1 net profit

Federal Bank is currently trading at Rs. 113.95, down by 5.10 points or 4.28% from its previous closing of Rs. 119.05 on the BSE.

The scrip opened at Rs. 119.40 and has touched a high and low of Rs. 121.45 and Rs. 112.00 respectively. So far 4926875 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 122.40 on 16-Jun-2017 and a 52 week low of Rs. 61.50 on 04-Aug-2016.

Last one week high and low of the scrip stood at Rs. 121.45 and Rs. 112.00 respectively. The current market cap of the company is Rs. 22463.40 crore.

The Institutions and Non-Institutions held 62.17% and 37.83% stake in the bank, respectively.
 
Federal Bank has reported 25.61% rise in its net profit at Rs 210.15 crore for the quarter under review as compared to Rs 167.31 crore for the same quarter in the previous year. Total income of the Bank increased by 17.20% at Rs 2653.19 crore for Q1FY18 as compared to Rs 2263.84 crore for the corresponding quarter previous year.

The Bank's gross NPA for the April-June quarter of the current fiscal improved to 2.42%, as compared to 2.92% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 1.39% in Q1FY18.



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