The Federal Bank Ltd has reported a net profit of Rs 150.5 m for the nine month period ending December. Inspite of a fall in other income, and a 14% increase in operating expenses profit growth was at 50% mainly due to lower interest expenses.
(Rs m) | 3QFY2000* | 3QFY1999* | Change |
Interest Income | 6,485.5 | 6,297.2 | 3.0% |
Other Income | 789.0 | 874.2 | -9.7% |
Operating expenses | 1,100.3 | 968.2 | 13.6% |
Interest expenses | 5,276.8 | 5,816.0 | -9.3% |
Depreciation | 139.8 | 138.9 | 0.6% |
Provisions & Tax | 607.1 | 148.1 | 309.9% |
Profit after Tax | 150.5 | 100.2 | 50.2% |
Net profit margin (%) | 2.3% | 1.6% |
For the quarter ended December 2020, FEDERAL BANK has posted a net profit of Rs 4 bn (down 8.3% YoY). Sales on the other hand came in at Rs 35 bn (up 3.9% YoY). Read on for a complete analysis of FEDERAL BANK's quarterly results.
For the quarter ended September 2020, FEDERAL BANK has posted a net profit of Rs 3 bn (down 26.2% YoY). Sales on the other hand came in at Rs 35 bn (up 7.2% YoY). Read on for a complete analysis of FEDERAL BANK's quarterly results.
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