Federal Bank reports marginal rise in Q4 net profit

29 Apr 2015 Evaluate

Federal Bank has reported result for the fourth quarter and year ended March 31, 2015.

The bank has posted a rise of 1.17% in its net profit at Rs 280.53 crore for the quarter ended March 31, 2015 as compared to Rs 277.29 crore for the same quarter in the previous year. Total income of the bank has increased by 9.77% at Rs 2214.28 crore for quarter under review as compared to Rs 2017.12 crore for the quarter ended March 31, 2014.

For the year ended March 31, 2015, the bank has posted a jump of 19.89% in its net profit at Rs 1005.75 crore as compared to Rs 838.89 crore for the same period in the previous year. Total income of the bank has surged by 8.61% at Rs 8297.77 crore for year under review as compared to Rs 7639.93 crore for the period ended March 31, 2014.

For the year ended March 31, 2015, on the consolidated basis, the bank has posted a rise of 24.48% in its net profit at Rs 1057.81 crore as compared to Rs 849.75 crore for the same period in the previous year. Total income of bank has increased by 8.78% at Rs 8366.31 crore for year under review as compared to Rs 7690.88 crore for the period ended March 31, 2014.

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