Federal Bank Q2 Results: Net Profit Jumps 36% to Rs 954 Crore

In the first results of the merged entity after the amalgamation of its parent HDFC Ltd into the lender, HDFC Bank reported a net profit of ₹15,976 crore on a standalone basis.

In the year-ago period, the net profit of the merged entity would have been ₹11,162 crore on a consolidated level, while the same on a standalone basis would have been ₹10,606 crore.

The total income grew to ₹78,406 crore on a standalone basis, from ₹46,181 crore in the year-ago period.