Federal Bank Q4 net up 70%
Federal Bank posted an increase of 69.89 per cent in net profit at Rs 50.73 crore for the quarter ended March 31.india Updated: May 19, 2006 14:01 IST
Federal Bank Ltd on Friday posted an increase of 69.89 per cent in net profit at Rs 50.73 crore for the quarter ended March 31, as compared to Rs 29.86 crore for the same quarter last fiscal.
The total income increased 32.21 per cent to Rs 460.04 crore for the fourth quarter of 2005-06 from Rs 347.95 crore in the corresponding quarter last year, the company informed the stock exchanges.
For the year ended March 31, the bank posted a net profit of Rs 225.21 crore as compared to Rs 90.09 crore a year ago and the total income increased to Rs 1653.48 crore for 2005-06 from Rs 1403.01 crore in 2004-05, it added.
The Board has recommended a dividend of Rs 3.50 on shares of Rs 10 each (35 per cent) on equity shares.
The shares of the bank were trading at Rs 207.50, down 1.10 per cent at the NSE.