Management

Federal Bank Q3 net plunges 46%

The leading Kerala-based private sector lender Federal Bank today said its net profit declined by 45.92 per cent to Rs 110.25 crore for the third quarter ended December, over the corresponding quarter last fiscal. - Colgate-Palmolive Q3 net up 50% at Rs 116 cr - Tata Tea Q3 net declines 76% to Rs 92 cr - Apollo Hospitals Q3 net up 48% at Rs 44 cr - J&K Bank Q3 net up 16% to Rs 140 cr - Cairn India Q3 net up 23% to Rs 291 cr - BPCL Q3 profit declines 52% to Rs 379 cr Total income rose to Rs 1,061.12 crore for the latest quarter as against Rs 1,041.23 crore, Federal Bank said in a filing to the Bombay Stock Exchange (BSE). The Aluva, Kochi-based bank earned an interest of Rs 944.64 crore for the December quarter against Rs 876.42 crore for the same period a year ago. For the nine month period ended December, the bank posted a net profit of Rs 347.70 crore against Rs 386.32 crore for the same period last fiscal. Shares of Federal Bank closed at Rs 249.30 on the BSE, down 2.62 per cent from its previous close.

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