Federal Bank Q4 net up 11% at Rs 114 cr, declares 50% dividend

Federal Bank Q4 net up 11% at Rs 114 cr, declares 50% dividend
PTI
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First Published: Fri, May 22 2009. 11 12 PM IST
Updated: Fri, May 22 2009. 11 12 PM IST
Mumbai: Federal Bank on Friday reported a 11% growth in net profit at Rs114.17 crore for the fourth quarter ended 31 March 2009.
The lender had a net profit of Rs102.86 crore in the March quarter of FY08, Federal Bank said in a filing to the BSE.
The total income rose 20.73% to Rs1,016.28 crore during the March quarter, from Rs841.79 crore in the corresponding period last fiscal.
The board has declared a dividend of 50% at the rate of Rs5 per share for the financial year ended 31 March, 2009.
For the financial year ended 31 March, Federal Bank posted a 31% jump in consolidated net profit at Rs472.01 crore. It had a net profit of Rs360.07 crore in FY08.
The total income rose 31.66% to Rs3,831.39 crore during the fiscal ended 31 March, from Rs2,910.16 crore in the year-ago period.
On a standalone basis, Federal Bank reported a net profit of Rs500.49 crore for FY09, a 36% growth over the year-ago period. The standalone total income stood at Rs3,831.15 crore at the end of FY09.
Shares of Federal Bank were trading at Rs238.70, down 4.19% in the afternoon trade on the BSE.
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First Published: Fri, May 22 2009. 11 12 PM IST
More Topics: Company results | Federal bank | Dividend | Q4 | Profit |