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FINWIRES

Federal Bank's Fiscal Q4 Consolidated Net Profit Rises

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-- The Federal Bank (NSE:FEDERALBNK, BOM:500469) recorded a rise in its consolidated net profit to 13.9 billion Indian rupees in the fiscal fourth quarter ended March 31 from 11.1 billion rupees a year ago.

Earnings per share climbed to 5.38 rupees compared with the year-ago figure of 4.40 rupees, according to a Wednesday filing to the Indian stock exchanges.

Interest earned by the lender in fiscal Q4 also increased to 79.5 billion rupees from 71.1 billion rupees a year earlier.

The bank's board also recommended a final dividend of 1.20 rupees per share for the fiscal year ended March 31.

Shares of the bank fell nearly 3% in recent trade.

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