Federal Bank surged 9.72% to Rs 156.30 at 14:01 IST on BSE on posting 98.1% rise in net profit to Rs 203.89 crore in Q3 December 2008 over Q3 December 2007.
The stock hit a high of Rs 159.50 and a low of Rs 138.35 so far during the day. The stock hit a 52-week high of Rs 348 on 16 January 2008 and a 52-week low of Rs 113.05 on 27 October 2008.
The bank's current equity is Rs 171.03 crore. Face value per share is Rs 10.
The current price of Rs 156.30 discounts the bank's Q2 September 2008 annualized EPS of Rs 26.73 by a PE multiple of 5.84.
The bank's total income rose 41.92% to Rs 1,041.23 crore in Q3 December 2008 over Q3 December 2007.
The bank's capital adequacy ratio (CAR) stood at 19.85% in Q3 December 2008 compared to 13.12% in Q3 December 2007. The ratio determines the capacity of the bank to meet the time liabilities and other risk such as credit risk and operational risk. It is much above 8% the minimum that the Basel II accord demands.
The bank's gross net performing assets (NPA) rose 26.47% to Rs 625.72 crore as at Q3 December 2008 from Rs 494.75 crore as on Q3 December 2007. The ratio of gross NPA to gross advances rose to 2.83% from 2.76% while ratio of net NPA to net advances rose to 0.33% form 0.29% as on 31 December 2007.
The Kochi-based private sector bank, Federal Bank, has a significant presence in Kerala.
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