Federal Bank Q3 Profit Surges 9% YoY, Beats Estimates; Asset Quality Improves
Share Market
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CNBC Awaaz•16-01-2026, 12:38
Federal Bank Q3 Profit Surges 9% YoY, Beats Estimates; Asset Quality Improves
- •Federal Bank reported a 9% year-on-year increase in net profit to ₹1,041 crore for Q3, surpassing market estimates of ₹1,000 crore.
- •Net Interest Income (NII) grew to ₹2,653 crore from ₹2,432 crore YoY, exceeding street estimates of ₹2,563 crore.
- •Asset quality improved significantly with Gross NPA declining from 1.83% to 1.72% and Net NPA falling from 0.48% to 0.42% quarter-on-quarter.
- •Provisioning increased from ₹292 crore to ₹332 crore year-on-year, reflecting a cautious approach to future risks.
Why It Matters: Federal Bank's Q3 results show strong profit growth, robust NII, and improved asset quality, boosting investor confidence.
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