Federal Bank Q1 Results: Profit surges 64% YoY to Rs 601 crore

NEW DELHI: Federal Bank on Friday reported a 63.53 per cent year-on-year (YoY) rise in net profit at Rs 600.66 crore compared with Rs 367.29 crore in the same quarter last year.

Interest earned for the quarter rose 8.14 per cent YoY to Rs 3,628.86 crore against Rs 3,355.71 crore in the corresponding quarter last year. Net interest income (NII) came in at Rs 1,605 crore compared with Rs 1,418 crore YoY.

Provisions and contingencies fell sharply to Rs 166.68 crore from Rs 639.94 crore YoY.


Gross non-performing assets (GNPA) came in at 2.69 per cent in the June 2022 quarter as against 2.80 per cent in the March quarter and 3.50 per cent in the year-ago quarter.

At 12.40 pm, the scrip was trading at Rs 96.80, down 0.51 per cent.