Federal Bank Reports 2QFY27 PAT of INR13.9 Billion, Up 45% YoY
Motilal Oswal says Federal Bank's PAT rose 45% year over year and 18% quarter over quarter, beating estimates by 10%. Higher other income and lower-than-expected provisions led the increase; higher operating expenses partly offset it, including a one-time INR0.33 billion ESOP-accounting impact.
Federal Bank (FB) posted 2QFY27 PAT of INR13.9b, rising 45% YoY and 18% QoQ and coming in 10% above expectations. Higher other income and lower-than-expected provisions supported the result, partly offset by increased opex, including a one-time INR0.33b impact from a change in ESOP accounting.