Federal Bank Q4 profit up marginally at Rs 281 cr

Private sector Federal Bank today reported a marginal growth in profit at Rs 280.53 crore for the fourth quarter ended March 2015.
The bank had posted net profit of Rs 277.29 crore during the same quarter of last fiscal, 2013-14.
Its total income increased to Rs 2,214.28 crore in the January-March quarter of the current fiscal, compared to Rs 2,017.12 crore a year ago.
The board of the bank proposed a dividend of 110 per cent or Rs 2.20 per share on the face value of Rs 2 each for the financial year 2014-15.
For the entire fiscal ended March 31, 2015, the bank, however, reported a 20 per cent rise in net profit at Rs 1,005.75 crore, compared to Rs 838.89 crore in 2013-14.

During the year, total income improved to Rs 8,297.77 crore from Rs 7,639.93 core in the previous year.
Federal Bank stock closed at Rs 130.15, down 2.24 per cent on the BSE.