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News Details

28/10/2026 20:52

Federal Bank Q2 net profit jumps 45.10% at Rs 1386.09 cr

The bank reported standalone net profit of Rs 1,386.09 crore for the quarter ended September 30, 2026 as compared to Rs 955.26 crore in the same period last year, registering a year-on-yearÿgrowthÿof 45.10 per cent.

Interest income of the bank rose by 14.52 per cent at Rs 7720.98 crore for the quarter ended September 30, 2026 as against Rs 6742.16 crore in the corresponding period last year.

During the July-September quarter, total income rose moderately by 17.73 per cent to Rs 9,211.42 crore from Rs 7,824.33 crore in the year ago period.

Meanwhile, operating expenses increased by 13.04 per cent to Rs 6,986.05 crore from Rs 6,180.16 crore in the same period last year.

Operating profit surged 35.35 per cent to Rs 2,225.37 crore from Rs. 1,644.17 crore.

Provisions and Contingencies slipped by 5.76 per cent at Rs 342.19 crore from Rs 363.09 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 26.38 per cent at Rs 3,153.40 crore versus Rs 2,495.24 crore in the year ago period. Non-interest income rose 37.73 per cent year-on-year to Rs 1,490.44 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.32 per cent of the gross advances as at the end of September 30, 2026 from a level of 1.83 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.17 per cent of net advances on September 30, 2026 from 0.48 per cent a year ago.