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RBL Bank declines on reporting 81% fall in Q3 consolidated net profit

20 Jan 2025 Evaluate

RBL Bank is currently trading at Rs. 153.65, down by 1.45 points or 0.93% from its previous closing of Rs. 155.10 on the BSE.

The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 155.35 and Rs. 146.00 respectively. So far 706456 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 279.10 on 5-Feb-2024 and a 52 week low of Rs. 146.00 on 20-Jan-2025.

Last one week high and low of the scrip stood at Rs. 160.65 and Rs. 146.00 respectively. The current market cap of the company is Rs. 9359.94 crore.

The Institutions and Non-Institutions held 31.50% and 68.53% stake in the bank respectively.

RBL Bank has reported 86% fall in net profit at Rs 32.63 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 233.09 crore for the same quarter in the previous year. However, total income of the bank increased by 16.14% at Rs 4,609.66 crore for Q3FY25 as compared to Rs 3,968.95 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 80.68% fall in its net profit at Rs 47.32 crore for the quarter ended December 31, 2024 as compared to Rs 244.89 crore for the same quarter in the previous year. However, total income of the bank increased by 16.17% at Rs 4,610.47 crore for Q3FY25 as compared to Rs 3,968.82 crore for the corresponding quarter previous year.

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