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Federal Bank Q2FY27 result

16 Oct 2026, 3:13PM

Net interest income rose 26% YoY to Rs3,153 crore (4.4% above estimates), driven by strong loan growth and better NIMs on a YoY basis. Net interest margin was broadly stable QoQ (down 1 bp), while on a YoY basis it rose 26 bps to 3.32%.
Non-interest income rose 38% YoY to a record Rs1,490 crore on strong fee income growth of 32% YoY and higher treasury income.
Operating expenses grew more slowly than the overall top line, so the cost/income ratio fell to 52.1% from 54.0% a year ago, and operating profit grew 35% YoY (8.6% above estimates).
Provisions fell 6% YoY. With asset quality improving (GNPA/NNPA at 1.32%/0.17%), a strong operating performance and a benign credit cost of 31 bps, PAT rose 45% YoY to Rs1,386 crore (9.3% above estimates).
Advances grew 21.9% YoY and 7.5% QoQ, while deposits rose 18.6% YoY and 7.1% QoQ.

Rs Cr	Q2FY27	Q2FY26	YoY	Q1FY27	QoQ
Net Interest Income	3,153	2,495	26%	2,946	7%
Other income	1,490	1,082	38%	1,048	42%
Net Income	4,644	3,577	30%	3,994	16%
Opex	2,418	1,933	25%	2,097	15%
Operating Profit	2,225	1,644	35%	1,897	17%
Provisions	342	363	-6%	318	8%
PBT	1,883	1,281	47%	1,580	19%
Tax	497	326	53%	403	23%
PAT	1,386	955	45%	1,177	18%

Advances	2,98,226	2,44,657	21.9%	2,77,498	7.5%
Deposits	3,42,694	2,88,920	18.6%	3,20,118	7.1%

NIMs %	3.32	3.06	26 bps	3.33	-1 bps
GNPA %	1.32	1.83	-51 bps	1.52	-20 bps
NNPA %	0.17	0.48	-31 bps	0.18	-1 bps
PCR %	87.7	74.3	1337 bps	88.2	-52 bps