Federal Bank Q2 FY27 Results: Consolidated Net Profit ₹1,564 Crore on Total Income of ₹9,903 Crore
Earnings
Banking
Blacklitt Research3 min read
Daderot, via Wikimedia Commons (CC0 1.0). Illustrative image.
Federal Bank reported consolidated total income of ₹9,903.41 crore and net profit of ₹1,564.06 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹9,211.42 crore and net profit was ₹1,386.09 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹9,903 crore, up 19.0% YoY, up 10.7% QoQ
Net profit: ₹1,564 crore, up 53.4% YoY, up 20.5% QoQ
EPS: ₹6.07, against ₹4.04 in Q2 FY26
Tax expense: ₹557.94 crore, up 58.0% YoY, at 26.3% of profit before tax
Standalone
The company on its own, without its subsidiaries
Total income: ₹9,211 crore, up 17.7% YoY, up 11.2% QoQ
Net profit: ₹1,386 crore, up 45.1% YoY, up 17.8% QoQ
EPS: ₹5.61, against ₹3.89 in Q2 FY26
Gross NPA: 1.32% of gross advances, against 1.83% a year earlier and 1.52% in June
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
9,903.41
8,321.46
+19.0%
8,943.11
+10.7%
Revenue from operations
8,382.84
7,216.18
+16.2%
7,861.58
+6.6%
Other income
1,520.57
1,105.28
+37.6%
1,081.53
+40.6%
1,564.06
1,019.43
+53.4%
1,297.61
+20.5%
Tax expense
557.94
353.12
+58.0%
443.39
+25.8%
Net profit margin
15.79%
12.25%
+3.54 pp
14.51%
+1.28 pp
Tax as share of profit before tax
26.3%
25.7%
+0.57 pp
25.5%
+0.83 pp
EPS, basic (₹)
6.07
4.04
+50.2%
5.09
+19.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The group earns about ₹178 crore more than the bank alone (derived). Consolidated net profit is ₹1,564.06 crore against ₹1,386.09 crore standalone, a gap of about 13%, which comes from subsidiaries and associates; the filing's headline figures do not split it by entity. The gap was about ₹64 crore a year ago (derived), so the non-bank part of the group has grown faster than the bank.
Other income is the faster-growing line. It rose 37.6% to ₹1,520.57 crore against a 16.2% rise in the core line, and it was 40.6% above the June quarter, so about 15% of total income is now non-core, against about 13% a year ago (derived). The filing's results statement gives the amount but not the mix of fees, treasury gains and recoveries.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
9,211.42
7,824.33
+17.7%
8,286.69
+11.2%
Revenue from operations
7,720.98
6,742.16
+14.5%
7,238.31
+6.7%
Other income
1,490.44
1,082.17
+37.7%
1,048.38
+42.2%
1,386.09
955.26
+45.1%
1,176.93
+17.8%
Tax expense
497.09
325.82
+52.6%
402.69
+23.4%
Net profit margin
15.05%
12.21%
+2.84 pp
14.20%
+0.84 pp
Tax as share of profit before tax
26.4%
25.4%
+0.96 pp
25.5%
+0.90 pp
EPS, basic (₹)
5.61
3.89
+44.2%
4.77
+17.6%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew faster than income because operating profit grew faster than both. Operating profit before provisions rose 35.3% to ₹2,225.37 crore from ₹1,644.17 crore while total income rose 17.7%, and provisions and contingencies fell to ₹342.19 crore from ₹363.09 crore. Provisions took about 15% of operating profit against about 22% a year ago (derived), so a fall in provisions did part of the work.
Asset quality improved on both comparisons. Gross NPAs were 1.32% of gross advances against 1.83% a year earlier and 1.52% at the end of June, and net NPAs were 0.17% against 0.48%. Net NPAs of 0.17% against gross 1.32% means provisions cover most of the stressed book. The capital adequacy ratio under Basel III was 16.84% against 15.71%; the filing's scanned pages are only partly legible, so the capital and NPA ratios are taken from the bank's own results summary.
For H1 FY27 net profit is ₹2,563.02 crore against ₹1,817.01 crore, up 41.1%, and tax is taken at about 26% of profit before tax in both periods, so the growth is not from a lower tax charge. The bank reports its segments as treasury, corporate and wholesale banking, retail banking and other banking operations, all in India.
Inference
Federal Bank's profit growth of 45% on income growth of 18% rests on an operating profit rise and lower provisions, not on tax, and the loan book quality measures are better than a year ago and a quarter ago.
The filing does not break the operating profit rise into interest margin, fees and treasury gains, so how much of it repeats cannot be read from the results statement.
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