Top Midcap Pvt. Bank: Federal Bank Delivers Robust Q3 Results

Top Midcap Pvt. Bank: Federal Bank reported robust Q3 results on January 16, 2023.

Federal Bank reported Total Income of Rs.4,967 crores rose 26% YoY. It was Rs.3,927 crores in Q3 last year.

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Bank reported Net profit of Rs.803.6 crores rose 54% YoY. It was Rs.521.7 crores in Q3 last year.

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Bank reported Operating profit Rs.1,274 crores up 13.4% YoY. It was Rs.914 crores in Q3 last year.

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Federal Bank reported Provisions of Rs.198.69 crores down 7.15% YoY. It was Rs.214 crores in Q3 last year.

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Gross NPA of 2.43% was 2.46% QoQ and 3.06% YoY. Net NPA of 0.73% was 0.78% QoQ and 1.05% YoY.

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Interest earned during Q3FY23 was 4,433.25 crores vs 3,442.56 crores last year, growing by 28.7% YoY.

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