Federal Bank has reported results for fourth quarter and year ended March 31, 2021.
The bank has reported 58.62% rise in its net profit at Rs 477.81 crore for the quarter under review as compared to Rs 301.23 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.72% at Rs 3831.71 crore for Q4FY21 as compared Rs 4107.95 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 58.41% rise in its consolidated net profit of the group at Rs 521.24 crore for the quarter under review as compared to Rs 329.04 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.36% at Rs 3996.43 crore for Q4FY21 as compared Rs 4222.87 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the bank has reported 3.08% rise in its net profit at Rs 1590.30 crore as compared to Rs 1542.78 crore for the previous year. Total income of the bank increased by 3.70% at Rs 15702.82 crore for year under review as compared to Rs 15142.16 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the bank has reported a rise of 5.32% in its consolidated net profit of the group at Rs 1664.33 crore as compared to Rs 1580.20 crore for the previous year. Total income of the bank increased by 5.17% at Rs 16271.94 crore for year under review as compared to Rs 15472.20 crore for year ended March 31, 2020.
