Federal Bank climbs 19% post Q1 results

NEW DELHI: Shares of Federal Bank ended 19 per cent higher on Tuesday after the lender reported 25 per cent YoY jump in its net profit at Rs 262.71 crore for June quarter.

It had logged a profit of Rs 210.15 crore in the corresponding quarter last fiscal.

Net NPA in percentage terms stood at 1.72 per cent for the period under review against 1.69 per cent in the previous quarter. Gross NPA in terms of percentage was unchanged at 3 per cent.


Total income for the quarter came in at Rs 2,938.24 crore, an 11 per cent rise from Rs 2,653.19 crore registered in the same period last year.

Net interest income (NII) stood at Rs 980 crore, up 22 per cent from Rs 801 crore in the same period last fiscal.

Fresh slippages for the said period came down to Rs 461 crore against Rs 872 crore QoQ.

Diluted EPS (earnings per share) stood at Rs 1.32 against Rs 1.19 in the same period last year.