Federal Bank witnessed a sharp fall in share price on Tuesday after the company today reported a fall of 38.52% in standalone net profit to Rs 1.62 billion for the quarter ended Dec. 31, 2015 as compared to Rs 2.64 billion in the same period last year. 
 
Total income decreased by 0.19% to Rs 20.86 billion for the quarter ended Dec. 31, 2015 as compared to Rs 20.90 billion in the same period last year.

The banks net NPA jumped Rs 5.43 billion or 163.14% to Rs 8.76 billion from Rs 3.33 billion in the same period last year.

Fedral Bank's return on assets declined to 0.19% on Dec 31, 2015 from 0.35% on Dec 31, 2014.

Shares of Federal Bank are trading at Rs 48.20, down Rs 4.1, or 7.84% at the Bombay Stock Exchange (BSE) on Tuesday at 3:06 p.m.

Total volume of shares traded on the bourses today was higher by 639.83% to 22,672,339 compared with 22-day average volume of 3,064,543.