Federal Bank announced its Q2 FY27 earnings on Friday, October 16, reporting a 45.1% year‑on‑year rise in standalone net profit to ₹1,386.09 crore, up from ₹955.26 crore in the same period of the preceding fiscal year, as per a regulatory filing.

Net interest income (NII) surged 26.4% year‑on‑year to ₹3,153.40 crore in the quarter, compared with ₹2,495.24 crore in Q2 FY26, reflecting a significant rise in earnings from interest. The figure covers the period ending September 30 2026. This increase aligns with the bank’s broader profitability trend.

Asset quality improved as gross non‑performing assets (GNPA) fell 20 basis points quarter‑on‑quarter to 1.32% in the quarter ended September 30 2026, down from 1.52% in the preceding period, while net non‑performing assets (NNPA) contracted marginally by 1 basis point to 0.17% from 0.18% in Q4 FY27.

The bank’s total market capitalisation stood at ₹83,700.04 crore on October 16 2026, according to NSE data, underscoring its valuation amid the reported earnings surge. This is a developing story; further updates will be provided as they become available today.