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Federal Bank reports 54% rise in Q2 consolidated net profit

22 Oct 2021 Evaluate

Federal Bank has reported results for second quarter ended September 30, 2021.

The bank has reported 49.62% rise in its net profit at Rs 460.26 crore for the quarter under review as compared to net profit of Rs 307.62 crore for the same quarter in the previous year. However, total income of the bank decreased by 2.89% at Rs 3,823.61 crore for Q2FY22 as compared Rs 3,937.26 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 53.98% rise in its net profit at Rs 485.72 crore for the quarter under review as compared to net profit of Rs 315.45 crore for the same quarter in the previous year. However, total income of the bank decreased by 1.42% at Rs 4,013.46 crore for Q2FY22 as compared Rs 4,071.35 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 685.00
ICICI Bank 1385.70
Axis Bank 1226.10
Kotak Mahindra Bank 457.00
Indusind Bank 868.40
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