Federal Bank has reported results for first quarter ended June 30, 2024 (Q1FY25).
The bank has reported 18.25% rise in its net profit at Rs 1,009.53 crore for the quarter ended June 30, 2024 as compared to Rs 853.74 crore for the same quarter in the previous year. Total income of the bank increased by 25.87% at Rs 7,246.06 crore for Q1FY25 as compared to Rs 5,756.94 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 16.63% rise in net profit at Rs 1,040.02 crore for Q1FY25 as compared to Rs 891.74 crore for the same quarter in the previous year. Total income of the bank increased by 25.82% at Rs 7,663.65 crore for Q1FY25 as compared to Rs 6,091.08 crore for the corresponding quarter previous year.
