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Federal Bank reports 81% rise in Q1 consolidated net profit

15 Jul 2022 Evaluate

Federal Bank has reported results for first quarter ended June 30, 2022.

The bank has reported a rise of 63.54% in its net profit at Rs 600.66 crore for the quarter under review as compared to Rs 367.29 crore for the same quarter in the previous year. Total income of the bank increased by 1.94% at Rs 4,081.48 crore for Q1FY23 as compared Rs 4,003.97 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 80.84% in its net profit at Rs 643 crore for the quarter under review as compared to Rs 355.56 crore for the same quarter in the previous year. Total income of the bank increased by 4.16% at Rs 4,318.17 crore for Q1FY23 as compared Rs 4,145.88 crore for the corresponding quarter previous year.

Federal Bank Share Price

291.80 8.45 (2.98%)
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