Federal Bank slipped 2.07% to Rs 45 at 11:10 IST on BSE after net profit slumped 96.34% to Rs 10.26 crore on 1.76% rise in total income to Rs 2253.38 crore in Q4 March 2016 over Q4 March 2015.
The result was announced on Saturday, 30 April 2016.Meanwhile, the S&P BSE Sensex was down 171.29 points or 0.67% at 25,430.77.
On BSE, so far 2.87 lakh shares were traded in the counter as against average daily volume of 3.67 lakh shares in the past two weeks. The stock hit a high of Rs 45.50 and low of Rs 43.75 so far during the day. The stock had hit a 52-week low of Rs 41.35 on 12 February 2016. The stock had hit a record high of Rs 79.73 on 3 July 2015. The stock had underperformed the market over the past one month till 29 April 2016, dropping 2.13% compared with Sensex's 2.84% gains. The scrip had also underperformed the market in past one quarter, sliding 0.43% as against Sensex's 2.96% gains.
The mid-cap private-sector bank has equity capital of Rs 343.82 crore. Face value per share is Rs 2.
Federal Bank's gross non-performing advances stood at Rs 1667.77 crore as on 31 March 2016 compared with Rs 1684.11 crore as on 31 December 2015 and Rs 1057.73 crore as on 31 March 2015. The ratio of gross non-performing advances to gross advances stood at 2.84% as on 31 March 2016 compared with 3.15% as on 31 December 2015 and 2.04% as on 31 March 2015. The ratio of net non-performing advances to net advances stood at 1.64% as on 31 March 2016 as against 1.66% as on 31 December 2015 and 0.73% as on 31 March 2015. The bank's provisions (other than tax) and contingencies fell 2.3% to Rs 388.64 crore in Q4 March 2016 over Q4 March 2015.
Federal Bank is one of the leading private sector banks in India.
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