Federal Bank Q2 profit rises to ₹13.9 billion.

The Federal Bank Limited

reported standalone Q2 net profit of ₹13.9 billion, up from ₹9.6 billion year-on-year. The result beat the estimate of ₹13 billion. Revenue rose to ₹77.2 billion from ₹67.4 billion. Gross NPA fell to 1.32 percent from 1.52 percent quarter-on-quarter. Net NPA stood at 0.17 percent against 0.18 percent. Earnings and asset quality both improved. Key numbers are Q2 profit of ₹13.9 billion, revenue of ₹77.2 billion and gross NPA at 1.32 percent. Better results may support near-term price action. Peers such as Karur Vysya Bank, City Union Bank and RBL Bank could face relative comparison on profit and NPA trends. Risks include slower loan growth or higher costs. Competitors listed: Karur Vysya Bank, City Union Bank, RBL Bank. We have no financial interest in this news.