Federal Bank surges after Q1 PAT climbs 37% YoY to Rs 1,177 cr
Mumbai, July 17 -- The bank's standalone net profit jumped 36.57% year-on-year (YoY) to Rs 1,176.93 crore in Q1 FY27, compared with Rs 861.75 crore in the corresponding quarter last year. Total income increased 6.24% YoY to Rs 8,286.69 crore in Q1 FY27.
Profit before tax (PBT) climbed 36.63% YoY to Rs 1,579.62 crore in Q1 FY27.
In Q1 FY27, net interest income (NII) grew 26.06% YoY to Rs 2,945.89 crore, while the net interest margin (NIM) expanded by 39 basis points to 3.33%.
The bank's total business increased 13.05% YoY to Rs 5,97,615.83 crore in Q1 FY27, nearing the Rs 6 lakh crore milestone. During the quarter, total deposits rose 11.37% YoY to Rs 3,20,117.66 crore, while gross advances climbed 14.94% YoY to Rs 2,81,239.54 crore.
N...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.