Federal Bank has reported results for first quarter ended June 30, 2023 (Q1FY24).
The Bank has reported 42.13% rise in its net profit at Rs 853.74 crore for the quarter under review as compared to Rs 600.66 crore for the same quarter in the previous year. Total income of the bank increased by 41.05% at Rs 5756.94 crore for Q1FY24 as compared Rs 4081.48 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 38.68% rise in its net profit at Rs 891.74 crore for the quarter ended June 30, 2023 as compared to Rs 643.00 crore for the same quarter in the previous year. Total income of the bank increased by 41.06% at Rs 6091.08 crore for Q1FY24 as compared Rs 4318.17 crore for the corresponding quarter previous year.