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Federal Bank reports 9% rise in Q1 consolidated net profit

16 Jul 2020 Evaluate

Federal Bank has reported results for first quarter ended June 30, 2020.

The bank has reported 4.31% rise in its net profit of Rs 400.77 crore for the quarter under review as against Rs 384.21crore for the same quarter in the previous year. Total income of the bank increased by 8.61% at Rs 3932.52 crore for Q1FY21 as compared Rs 3620.82 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 9.43% rise in its net profit of the group at Rs 409.50 crore for the quarter under review as against Rs 374.20 crore for the same quarter in the previous year. Total income of the bank increased by 10.62% at Rs 4055.42 crore for Q1FY21 as compared Rs 3666.18 crore for the corresponding quarter previous year.

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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