Karur Vysya Bank zooms on reporting 57% rise in Q1 net profit

Karur Vysya Bank is currently trading at Rs. 127.00, up by 2.95 points or 2.38% from its previous closing of Rs. 124.05 on the BSE.

Karur Vysya Bank
Karur Vysya Bank

The scrip opened at Rs. 129.00 and has touched a high and low of Rs. 130.95 and Rs. 123.70 respectively. So far 285447 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 137.70 on 05-Jul-2023 and a 52 week low of Rs. 45.25 on 15-Jul-2022.

Last one week high and low of the scrip stood at Rs. 130.95 and Rs. 120.40 respectively. The current market cap of the company is Rs. 10166.30 crore.

The promoters holding in the company stood at 2.24%, while Institutions and Non-Institutions held 48.71% and 49.04% respectively.

Karur Vysya Bank has reported results for first quarter ended June 30, 2023 (Q1FY24).

Karur Vysya Bank has reported 56.78% rise in its net profit at Rs 358.63 crore for the quarter under review as compared to Rs 228.75 crore for the same quarter in the previous year. Total income of the bank increased by 32.49% at Rs 2,216.07 crore for Q1FY24 as compared Rs 1,672.60 crore for the corresponding quarter previous year.

Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

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