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Federal Bank and Ujjivan SFB Post Strong Q2 Results With Profit Jumps
- •Federal Bank reported a 45.1 percent year-on-year rise in net profit to reach 1,386 crore rupees.
- •Ujjivan Small Finance Bank saw its net profit surge 199 percent to 365 crore rupees, marking a nearly three-fold jump.
- •Both banks registered improvements in asset quality with declines in their Gross and Net NPAs on a quarter-on-quarter basis.
- •Ujjivan SFB approved a preferential issue to raise 409 crore rupees by issuing shares to IFC and three insurance companies.
Key Questions Answered
Federal Bank reported a 45.1% year-on-year increase in net profit to ₹1,386 crore and a 26.4% rise in Net Interest Income to ₹3,153.4 crore for the second quarter of the fiscal year 2026-27. Its asset quality improved with Gross NPA decreasing to 1.32% and Net NPA dropping to 0.17% sequentially.
Ujjivan Small Finance Bank posted a 199% year-on-year surge in net profit to ₹365 crore and a 35.4% increase in Net Interest Income to ₹1,248.4 crore for Q2 FY26-27. Additionally, the bank approved a preferential issue to raise ₹409 crore by issuing shares to IFC and three insurance companies.
Both banks saw sequential improvements in their asset quality during the second quarter of fiscal 2026-27. Federal Bank's Gross NPA fell from 1.52% to 1.32% and Net NPA dropped from 0.18% to 0.17%, while Ujjivan SFB's Gross NPA declined from 2.16% to 2.10% and Net NPA fell from 0.34% to 0.31%.
