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Federal Bank reports 7% fall in Q3 consolidated net profit

20 Jan 2021 Evaluate

Federal Bank has reported results for third quarter ended December 31, 2020.

The bank has reported 8.29% fall in its net profit of Rs 404.10 crore for the quarter under review as against net profit Rs 440.64 crore for the same quarter in the previous year. However, total income of the bank increased by 5.43% at Rs 3941.36 crore for Q3FY21 as compared Rs 3738.22 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 7.41% fall in its net profit of the group at Rs 418.14 crore for the quarter under review as against Rs 451.62 crore for the same quarter in the previous year. However, total income of the bank increased by 6.63% at Rs 4088.77 crore for Q3FY21 as compared Rs 3834.71 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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