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Indian Bank zooms on reporting 39% rise in Q1 consolidated net profit

30 Jul 2024 Evaluate

Indian Bank is currently trading at Rs. 600.25, up by 12.90 points or 2.20% from its previous closing of Rs. 587.35 on the BSE.

The scrip opened at Rs. 594.00 and has touched a high and low of Rs. 600.90 and Rs. 587.60 respectively. So far 81555 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.35 on 03-Jun-2024 and a 52 week low of Rs. 335.50 on 03-Aug-2023.

Last one week high and low of the scrip stood at Rs. 600.90 and Rs. 552.35 respectively. The current market cap of the company is Rs. 80171.30 crore.

The promoters holding in the company stood at 73.84%, while Institutions and Non-Institutions held 22.26% and 3.90% respectively.

Indian Bank has reported 40.65% rise in its net profit at Rs 2,403.42 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 1,708.83 crore for the same quarter in the previous year. Total income of the bank increased by 14.81% at Rs 16,944.77 crore for Q1FY25 as compared to Rs 14,758.99 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 38.96% rise in net profit at Rs 2,570.40 crore for Q1FY25 as compared to Rs 1,849.68 crore for the same quarter in the previous year. However, total income of the bank increased by 14.72% at Rs 17,117.76 crore for Q1FY25 as compared to Rs 14,921.43 crore for the corresponding quarter previous year.


Indian Bank Share Price

853.00 4.40 (0.52%)
16-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1015.50
PNB 107.95
Bank Of Baroda 275.30
Canara Bank 132.75
Union Bank Of India 170.50
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