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Federal Bank reports 62% rise in Q4 consolidated net profit

05 May 2023 Evaluate

Federal Bankhas reported results for fourth quarter (Q4) and year ended March 31, 2023.

The bank has reported 66.98% rise in its net profit at Rs 902.61 crore for the quarter under review as compared to Rs 540.54 crore for the same quarter in the previous year. Total income of the bank increased by 38.15% at Rs 5454.60 crore for Q4FY23 as compared to Rs 3948.24 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 61.50% rise in its net profit at Rs 939.57 crore for fourth quarter ended March 31, 2023 as compared to Rs 581.76 crore for the same quarter in the previous year. Total income of the bank increased by 38.61% at Rs 5780.68 crore for Q4FY23 as compared to Rs 4170.55 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported 59.31% rise in its net profit at Rs 3,010.59 crore as compared to Rs 1889.82 crore for the previous year. Total income of the bank increased by 21.48% at Rs 19,133.63 crore for year under review as compared to Rs 15,749.85 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the bank has reported 61.58% rise in its net profit at Rs 3,175.76 crore as compared to Rs 1965.40 crore for the previous year. Total income of the bank increased by 22.70% at Rs 20,248.01 crore for year under review as compared to Rs 16,502.47 crore for year ended March 31, 2022.

Federal Bank Share Price

297.30 0.20 (0.07%)
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