 "Federal Bank net profit up 18%")
Shares of Axis Bank, Lakshmi Vilas Bank and Federal Bank were down by up to 6% on BSE in otherwise firm market after the banks reported poor financial results for the quarter ended June 2017 (Q1FY18).
Federal Bank dipped 6% to Rs 112 on BSE in intra-day trade after the bank reported a lower than expected 26% year on year (Y-o-Y) growth in net profit at Rs 210 crore in Q1FY18 against Rs 167 crore in year ago quarter.
Net interest income during the quarter under review grew 16% to Rs 801 crore from Rs 692 crore in
Federal Bank dipped 6% to Rs 112 on BSE in intra-day trade after the bank reported a lower than expected 26% year on year (Y-o-Y) growth in net profit at Rs 210 crore in Q1FY18 against Rs 167 crore in year ago quarter.
Net interest income during the quarter under review grew 16% to Rs 801 crore from Rs 692 crore in
