Federal Bank spurts on registering 25% jump in Q2 net profit

Federal Bank is currently trading at Rs 82.25, up by 1.10 points or 1.36% from its previous closing of Rs. 81.15 on the BSE.

The scrip opened at Rs. 81.40 and has touched a high and low of Rs. 82.40 and Rs. 79.80 respectively. So far 477506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 82.40 on 26-Oct-2016 and a 52 week low of Rs. 41.35 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 81.75 and Rs 70.60 respectively. The current market cap of the company is Rs 14082.20 crore.

The Institutions and Non-Institutions held 51.36% and 48.64% respectively of the company.

Federal Bank has reported 24.78% rise in its net profit at Rs 201.24 crore for the quarter ended September 30, 2016 as compared to Rs 161.28 crore for the same quarter in the previous year. Total income of the bank increased 11.67% to Rs 2327.79 crore for Q2FY17 from Rs 2084.53 crore for the corresponding quarter in previous year. 

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 2.78% as compared to 2.90% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 1.61% in Q2FY17.