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Federal Bank reports Profit after tax of Rs 4778.10 Mln, in the March 2021 quarter

17 May 2021 Evaluate
The revenue declined to Rs. 33663.40 millions for the quarter ended March 2021 as compared to Rs. 33968.40 millions during the corresponding quarter last year.Profit after tax for the quarter ended March 2021 reported a huge growth of 58.62% to Rs. 4778.10  millions from Rs. 3012.30 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202103 202003 % Var 202103 202003 % Var 202103 202003 % Var
Interest Earned 33663.40 33968.40 -0.90 137579.10 132107.50 4.14 137579.10 132107.50 4.14
Other Income 4653.70 7111.10 -34.56 19449.10 19314.10 0.70 19449.10 19314.10 0.70
Interest Expended 19459.60 21808.30 -10.77 82242.00 85618.50 -3.94 82242.00 85618.50 -3.94
Operating Expenses 10006.60 10006.60 3.40 36917.20 33756.10 9.36 36917.20 33756.10 9.36
Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov.& Contigencies 2423.30 5675.00 -57.30 16496.30 11721.70 40.73 16496.30 11721.70 40.73
Tax 1649.50 905.90 82.08 5469.70 4897.50 11.68 5469.70 4897.50 11.68
PAT 4778.10 3012.30 58.62 15903.00 15427.80 3.08 15903.00 15427.80 3.08
Equity 3992.30 3985.30 0.18 3992.30 3985.30 0.18 3992.30 3985.30 0.18
OPM 26.29 28.24 -6.90 27.53 24.26 13.47 27.53 24.26 13.47
Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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