Federal Bank Q3 net soars 98.11%.
>> Friday, January 16, 2009
Federal Bank, one of the oldest private sector banks in India, reported a phenomenal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the bank rose 98.11% to Rs 2,038.90 million from Rs 1,029.20 million in the same quarter previous year.
Interest earned for the quarter rose 35.11% to Rs 8,764.20 million, while total income for the quarter jumped 41.93% to Rs 10,412.30 million, when compared with the prior year period.
During the quarter, the bank reported earnings of Rs 11.92 a share, a decline of 0.83% over the prior year period.
| Quarterly Results - Standalone (Rs in mn) | |||
| As at | Dec - 08 | Dec - 07 | %Change |
| Interest Income | 8,764.20 | 6,486.60 | 35.11 |
| Net Profit | 2,038.90 | 1,029.20 | 98.11 |
| Basic EPS | 11.92 | 12.02 | (0.83) |
MyIRIS
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