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Federal Bank reports 52% rise in Q2 consolidated net profit

16 Oct 2019 Evaluate

Federal Bank has reported results for second quarter ended September 30, 2019.

The bank has reported 56.63% rise in its net profit at Rs 416.70 crore for the quarter under review as compared to Rs 266.04 crore for the same quarter in the previous year. Total income of the bank increased by 19.02% at Rs 3675.17 crore for Q2FY20 as compared Rs 3087.81 crore for the corresponding quarter previous year. 

On the consolidated basis, the bank has reported 51.58% rise in its net profit at Rs 425.34 crore for the quarter under review as compared to Rs 280.61 crore for the same quarter in the previous year. Total income of the bank increased by 19.53% at Rs 3748.44 crore for Q2FY20 as compared Rs 3135.97 crore for the corresponding quarter previous year. 

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