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Federal Bank reports 52% rise in Q2 consolidated net profit

14 Oct 2022 Evaluate

Federal Bank has reported results for second quarter ended September 30, 2022.

The bank has reported a rise of 52.89% in its net profit at Rs 703.71 crore for the quarter under review as compared to Rs 460.26 crore for the same quarter in the previous year. Total income of the bank increased by 19.62% at Rs 4630.30 crore for Q2FY23 as compared Rs 3870.90 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported rise of 51.83% in its net profit at Rs 740.91 crore for the quarter under review as compared to Rs 487.99 crore for the same quarter in the previous year. Total income of the bank increased by 20.34% at Rs 4886.58 crore for Q2FY23 as compared Rs 4060.75 crore for the corresponding quarter previous year.

Federal Bank Share Price

297.30 0.20 (0.07%)
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