Federal Bank Q3 Profit, NII Beat Estimates; Stock Jumps 8% on Improved Asset Quality
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CNBC TV18•16-01-2026, 12:46
Federal Bank Q3 Profit, NII Beat Estimates; Stock Jumps 8% on Improved Asset Quality
- •Federal Bank shares surged 8% on Friday, January 16, following strong Q3 results, ending a five-day losing streak.
- •Net Interest Income (NII) rose 9% year-on-year to ₹2,653 crore, surpassing CNBC-TV18's estimate of ₹2,563 crore.
- •Net profit increased 9% year-on-year to ₹1,041 crore, also exceeding the CNBC-TV18 poll estimate of ₹1,000 crore.
- •Asset quality improved sequentially, with Gross NPAs at 1.72% (down from 1.83%) and Net NPAs at 0.42% (down from 0.48%).
- •Provisions remained stable at ₹332 crore, and slippages decreased to ₹443 crore from ₹584 crore.
Why It Matters: Federal Bank's Q3 results exceeded expectations with higher profit, NII, and improved asset quality, boosting its stock.
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