MoneyWorks4Me

Federal Bank reports 26% rise in Q1 net profit

26 Jul 2017 Evaluate

Federal Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported 25.61% rise in its net profit at Rs 210.15 crore for the quarter under review as compared to Rs 167.31 crore for the same quarter in the previous year. Total income of the Bank increased by 17.20% at Rs 2653.19 crore for Q1FY18 as compared to Rs 2263.84 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 2.42%, as compared to 2.92% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.39% in Q1FY18.

 

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
View more..