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Federal Bank reports 58% rise in Q3 consolidated net profit

16 Jan 2023 Evaluate

Federal Bank has reported results for third quarter ended December 31, 2022.

The Bank has reported rise of 54.03% in its net profit at Rs 803.61 crore for Q3FY23 as compared to Rs 521.73 crore for the corresponding quarter previous year. Total income of the bank increased by 26.50% to Rs 4,967.25 crore for the quarter as compared to Rs 3,926.75 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 57.80% in its net profit at Rs 852.28 crore for Q3FY23 as compared to Rs 540.09 crore for the same quarter in the previous year. Total income of the bank increased by 27.57% to Rs 5,262.58 crore for the quarter under review as compared to Rs 4,125.30 crore for the same quarter in the 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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