Federal Bank surges on reporting 25% rise in Q4 net profit

Federal Bank is currently trading at Rs. 93.45, up by 1.20 points or 1.30% from its previous closing of Rs. 92.25 on the BSE. The scrip opened at Rs. 93.70 and has touched a high and low of Rs. 94.80 and Rs. 92.80 respectively. So far 340087 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 99.85 on 10-Apr-2014 and a 52 week low of Rs. 44.25 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 96.20 and Rs. 91.70 respectively. The current market cap of the company is Rs. 8001.44 crore. The institutions and non-institutions held 64.16% and 33.38% stake in the bank, respectively. Federal Bank has reported a rise of 24.93% in its net profit after tax at Rs 277.29 crore for the quarter ended March 31, 2014 as compared to Rs 221.94 crore for the same quarter in the previous year. Total income of the bank has increased by 13.30% at Rs 2017.12 crore for quarter under review as compared to Rs 1780.31 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a marginal rise of 0.08% in its net profit after tax at Rs 838.89 crore as compared to Rs 838.17 crore for FY13. Total income has increased by 11.82% at Rs 7639.93 crore for year under review as compared to Rs 6832.01 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the bank has posted a fall of 0.34% in its net profit after tax at Rs 849.75 crore as compared to Rs 852.66 crore for the same period in the previous year. However, total income of bank has increased by 11.28% at Rs 7690.88 crore for year under review as compared to Rs 6910.96 crore for the period ended March 31, 2013.