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Federal Bank reports 25% rise in Q3 consolidated net profit

16 Jan 2024 Evaluate

Federal Bank has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The bank has reported 25.28% rise in net profit at Rs 1006.74 crore for the quarter ended December 31, 2023 as compared to Rs 803.61 crore for the same quarter in the previous year. Total income of the bank increased by 32.72% at Rs 6592.66 crore for Q3FY24 as compared Rs 4967.25 crore for corresponding quarter of the previous year.

On consolidated basis, the bank reported 24.75% rise in its net profit at Rs 1063.24 crore for Q3FY24 as compared to Rs 852.28 crore for the same quarter in the previous year. Total income of the bank increased by 32.89% at Rs 6993.55 crore for Q3FY24 as compared Rs 5262.58 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1344.25
Axis Bank 1244.20
Kotak Mahindra Bank 434.75
Indusind Bank 860.00
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