Federal Bank Q4 net profit at Rs.99.25 crores, recommends 40% dividend

Federal Bank Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Bank has posted a net profit of Rs 992.50 million for the quarter ended March 31, 2007 as compared to Rs 507.30 million for the quarter ended March 31, 2006. Total Income has increased from Rs 4600.40 million for the quarter ended March 31, 2006 to Rs 6366.30 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007 are as follows: The Bank has posted a net profit of Rs 2927.30 million for the year ended March 31, 2007 as compared to Rs 2252.10 million for the year ended March 31, 2006. Total Income has increased from Rs 16534.80 million for the year ended March 31, 2006 to Rs 21040.40 million for the year ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit of Rs 2927.50 million for the year ended March 31, 2007 as compared to Rs 2251.90 million for the year ended March 31, 2006. Total Income has increased from Rs 16534.80 million for the year ended March 31, 2006 to Rs 21040.40 million for the year ended March 31, 2007.

The Board of Directors of the Bank at its meeting held on May 18, 2007, inter alia, has recommended a dividend of 40% on equity shares.

Source : Equity Bulls

Keywords