The Federal Bank reported results for the fourth quarter and year ended March 31, 2019.
The Bank has reported around 3-fold jump in its net profit at Rs 381.51 crore for the quarter ended March 31, 2019 as compared to Rs 144.99 crore for the same quarter in the previous year. Total income of the bank increased by 20.33% at Rs 3,444.04 crore for quarter under review as compared to Rs 2,862.14 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the bank has posted a rise of 41.54% in its net profit at Rs 1,243.89 crore as compared to Rs 878.85 crore for the previous year. Total income of bank increased 17.03% at Rs 12,770.05 crore for year under review as compared to Rs 10,911.98 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the bank has posted rise of 40.99% in its net profit at Rs 1,282.52 crore as compared to Rs 909.65 crore for the previous year. Total income of company bank by 17.12% at Rs 12,970.66 crore for year under review as compared to Rs 11,075.12 crore for year ended March 31, 2018.
