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Federal Bank reports 28% rise in Q3 net profit

17 Jan 2019 Evaluate

Federal Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported 28.31% rise in its net profit at Rs 333.63 crore for the quarter under review as compared to Rs 260.01 crore for the same quarter in the previous year. Total income of the Bank increased by 20.89% at Rs 3,299.96 crore for Q3FY19 as compared Rs 2,729.83 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 3.14%, as compared to 2.52% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.72% in Q3FY19.

Federal Bank Share Price

296.40 2.70 (0.92%)
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