Federal Bank FY06 net zooms 150%

Federal Bank today reported a 150% increase in consolidated net profit at Rs 225.19 crore for the year ended March 31, 2006 when compared with Rs 90.15 crore in FY05.

According to a release issued by the bank to the BSE today, total income increased to Rs 1,653.48 crore from Rs 1,403.05 crore in FY05.

The bank, on a stand-alone basis, has posted a net profit of Rs 50.73 crore in Q4FY06 as against Rs 29.86 crore in Q4FY05. Total income increased to Rs 460.04 crore from Rs 347.95 crore in Q4FY05.

The board has recommended a dividend of 35%, the release added.