Private sector lender Federal Bank has posted a net profit for the period Q4 (ending Mar 11) of the current fiscal (FY10-11). During the said quarter, net profit rose 47.01% to Rs 172.02 crores in comparison to Rs 117.23 crores of Q4 (ending Mar 10) of previous year (FY09-10). Federal Bank is one of the leading private sector banks in India and is listed on London Stock Exchange, BSE & NSE.
The bank has informed the share market (BSE/NSE) that the total income rose 14.48% to Rs 1241.47 crore in Q4 (ending Mar 2011) of the current fiscal (FY10-11) when compared with the same quarter Q4 (ending Mar 2010) of previous year (FY09-10). Total income was Rs 1084.05 crores in last year’s quarter Q4.
The board of directors has recommended a final dividend of Rs 8.50 per share (85% on face value of Rs 10) for the year FY2011.
Share’s Data :-
BSE Code : 500469
Mkt. Cap : Rs 6,899.00 Crores
Federal Bank share’s CMP is Rs 403.45 on 5th May 2011.
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