Indian Bank surges despite reporting 24% fall in Q4 net profit

14 May 2015 Evaluate

Indian Bank is currently trading at Rs 162.00, up by 7.10 points or 4.58% from its previous closing of Rs 154.90 on the BSE.

The scrip opened at Rs 155.00 and has touched a high and low of Rs 164.75 and Rs 155.00 respectively. So far 247114 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.20 on 01-Jan-2015 and a 52 week low of Rs. 124.80 on 14-May-2014.

Last one week high and low of the scrip stood at Rs. 164.75 and Rs. 143.00 respectively. The current market cap of the company is Rs. 7737.50 crore.

The promoters holding in the company stood at 82.10% while Institutions and Non-Institutions held 14.07% and 3.83% respectively.

Indian Bank has posted a fall of 24.01% in its net profit at Rs 206.15 crore for the quarter ended March 31, 2015 as compared to Rs 271.28 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.15% at Rs 4410.48 crore for quarter under review as compared to Rs 4234.83 crore for the quarter ended March 31, 2014.

For the year ended March 31, 2015, the bank has posted a fall of 13.27% in its net profit at Rs 1005.17 crore as compared to Rs 1158.94 crore for the same period in the previous year. However, total income of the bank has increased by 3.58% at Rs 17216.29 crore for year under review as compared to Rs 16620.88 crore for the period ended March 31, 2014.

For the year ended March 31, 2015, on the consolidated basis, the bank has posted a fall of 11.81% in its net profit after tax at Rs 1048.76 crore as compared to Rs 1189.25 crore for the same period in the previous year. However, total income of bank has increased by 3.60% at Rs 17225.56 crore for year under review as compared to Rs 16627.45 crore for the period ended March 31, 2014.

Indian Bank Share Price

566.65 -12.60 (-2.18%)
28-May-2024 15:45 View Price Chart
Peers
Company Name CMP
SBI 830.90
Bank Of Baroda 264.30
PNB 128.05
Canara Bank 115.95
Union Bank Of India 157.80
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