FEDERAL BANK (FEDERALBNK)
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Federal Bank, PNB, Bajaj Housing Post Q2 Profit Growth
Q2 earnings from major financial and real estate players show broad-based profit growth, with Federal Bank logging its highest-ever net profit of ₹1,386 crore, PNB's net profit rising 13%, and Bajaj Housing Finance PAT up 18%. DLF, Oberoi, Crompton Greaves, and Ujjivan SFB also reported profit growth, while Urban Company's loss widened and Solara posted its best quarter in five years.
Federal Bank Q2 profit surges 45% to record Rs 1,386 crore
Federal Bank reported a 45% year-on-year jump in Q2 net profit to a record Rs 1,386 crore, driven by strong margin gains. Management indicated the lender expects further margin expansion ahead, reinforcing a positive earnings trajectory.
Federal Bank Q2 profit hits record ₹1,386 crore, NPA at decade low
Federal Bank reported a record quarterly profit of ₹1,386 crore, with margins expanding and slippages remaining stable. Asset quality improved to a decade-low NPA level, sending the stock higher as investors welcomed the results.
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