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Federal Bank reports 39% drop in Q3 net profit

12 Jan 2016 Evaluate

Federal Bank has reported results for third quarter ended December 31, 2015.

The bank has registered a fall of 38.52% in its net profit after tax at Rs 162.72 crore for the quarter under review as compared to Rs 264.69 crore for the same quarter in the previous year. Total income of the bank has decreased by 0.19% at Rs 2086.07 crore for Q3FY16 as compared Rs 2090.01 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 3.15% in the October- December quarter as against 2.19% in the same quarter previous year, while net NPAs stood to 1.16%.

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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