Private lender Federal Bank today reported 46.95% increase in net profit at Rs 171.72 crore for the fourth quarter ended March 31, 2011.
The bank had a standalone net profit of Rs 116.85 crore in the same quarter of the previous year.
Besides, total income of the Kerala-based bank improved to Rs 1,241.21 crore in the January-March quarter from Rs 1,083.73 crore in the same period last year, the lender said in a filing to Bombay Stock Exchange (BSE).
For the 2010-11 fiscal, Federal Bank's consolidated net profit rose 26.56% to Rs 556.46 crore as compared to Rs 439.67 crore in the corresponding period of the previous financial year.
Besides, the consolidated total income of the bank increased to 4,570.36 crore on an annual basis as against Rs 4,205.79 crore in the previous year, it said.
The board of the bank recommended a dividend of Rs 8.5 per share (85%) for the financial year 2010-11, it said in a release.
The bank's shares closed at Rs 403.45, down 1.26% on the BSE.
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