Federal Bank posts Rs222-cr Q4 net; to pay 90% dividend
27 Apr 2013
The board of directors of Federal Bank Ltd has recommended a dividend of 90 per cent (Rs9 per share of Rs10) for the financial year 2012-13, even as the private sector bank posted a net profit of Rs221.94 crore for fiscal fourth quarter ended 31 March 2013.
Federal Bank said the dividend, which is on par with the dividend paid for the previous year, is subject to the approval of the shareholders in the ensuing annual general meeting.
The bank said net profit for the January-March 2013 quarter was lower at Rs221.94 crore compared to the Rs237.60 crore profit reported in the comparable previous year quarter.
Total income increased to Rs1,780.31 crore for the quarter ended 31 March 2013 from Rs1,639.57 crore for the quarter ended 31 March 2012, audited results for the year ended 31 March 2013 showed.
The bank posted a net profit of Rs838.17 crore for the year ended 31 March 2013 against Rs776.79 crore for the year ended 31 March 2012.
Total income for the year increased to Rs6,832.01 crore, from Rs6,090.73 crore for the year ended 31 March 2012.
Consolidated group profit for the year ended 31 March 2013 stood at Rs852.66 crore, against Rs753.73 crore profit earned during the year ended 31 March 2012.
Total income increased to Rs6,910.96 crore for the year ended 31 March 2013, from Rs6,113.92 crore for the year ended 31 March 2012.