Shares of Federal Bank Ltd jump as much as 13.67 pct to a record high.
March-qtr net profit surges to 2.57 bln rupees ($40.04 mln) from 102.6 mln rupees last year.
Gross bad loans as a percentage of total loans fall to 2.33 pct at end-March, from 2.77 pct in the previous qtr.
Separately, the bank approves fund raising of up to 25 bln rupees via issue of equity capital.
More than 46 mln shares change hands, 6.2 times their 30-day moving avg.
Stock has risen 41 pct this year up to Thursday's close.
($1 = 64.1875 Indian rupees)
