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Federal Bank reports marginal rise in Q4 consolidated net profit
May-02-2024

Federal Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The bank has reported rise of 0.41% in its net profit at Rs 906.30 crore for the quarter under review as compared to Rs 902.61 crore for the same quarter in the previous year. Total income of the bank increased by 23.42% at Rs 6732.23 crore for Q4FY24 as compared Rs 5454.60 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported rise of 3.49% in its net profit at Rs 972.39 crore for fourth quarter ended March 31, 2024 as compared to Rs 939.57 crore for the same quarter in the previous year. Total income of the bank increased by 23.67% at Rs 7149.12 crore for Q4FY24 as compared Rs 5780.68 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the bank has reported 23.58% rise in its net profit at Rs 3720.60 crore as compared to Rs 3010.59 crore for the previous year. Total income of the bank increased by 32.05% at Rs 25267.53 crore for year under review as compared to Rs 19133.63 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the bank has reported 23.67% rise in its net profit at Rs 3927.53 crore as compared to Rs 3175.76 crore for the previous year. Total income of the bank increased by 32.27% at Rs 26781.95 crore for year under review as compared to Rs 20248.01 crore for year ended March 31, 2023.

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