Federal Bank Q1 net profit rises 30% to Rs 190.35 crore

MUMBAI: Federal Bank today reported 30 per cent rise in its net profit for the first quarter ended June 30, 2012 at Rs 190.35 crore.

Its profit in the same period (April-June) a year ago stood at Rs 146.16 crore, it said in a filing to BSE.

The total income of the bank rose to Rs 1,661.04 crore during the first quarter of the current fiscal, up from Rs 1,361.61 crore in the year-ago period.

Federal Bank's income from corporate banking in the first quarter rose ended June, 2012 stood at Rs 634.99 crore from Rs 481.54 crore in the corresponding period previous fiscal.

However, income from retail banking grew marginally to Rs 593.48 crore from Rs 589.54 crore.

Shares of the bank ended at Rs 412.75 apiece on the BSE today, up 0.83 per cent from the previous close.