Federal Bank

Federal Bank announces 11 per cent rise in net profit

Federal BankFederal Bank has announced fourth quarter results ended March 31 registering a growth of 11 per cent and net profit at Rs 114.17 as against Rs 102.86 crore in corresponding period last fiscal.

Net profit of Federal Bank went up to Rs 472 crore from Rs 360.1 crore during the corresponding period last year.

At 14:45 shares of Federal Bank were trading at Rs 230.256, down by Rs 18.9 or 7.59%. The stock has hit an intraday high of Rs 262.40.