Federal Bank Q3 Net Profit Jumps 9% to Rs 1,041 Crore, Shares Hit Record High
Business
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Moneycontrol•16-01-2026, 13:58
Federal Bank Q3 Net Profit Jumps 9% to Rs 1,041 Crore, Shares Hit Record High
- •Federal Bank reported a 9% year-on-year rise in net profit to Rs 1,041 crore for Q3FY26, up from Rs 955 crore.
- •Shares of the Kerala-based lender surged 10% to a record high of Rs 271.5 apiece following the strong results.
- •Net interest income (NII) increased 9% to Rs 2,653 crore, and net interest margin (NIM) improved to 3.18%.
- •The bank achieved its highest-ever quarterly fee income of Rs 896 crore, a 19% YoY increase, driven by loan processing fees and other services.
- •Asset quality strengthened significantly, with gross NPAs declining to 1.72% and net NPAs improving to a decadal best of 0.42%.
Why It Matters: Federal Bank's Q3 performance shows robust growth in profit, income, and asset quality, driving shares to a record high.
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