{
  "id": 14656604,
  "title": "Fedbank Financial Services Q2 Profit Rises 63% To ₹130.75 Crore",
  "url": "https://urgent.news/2026/10/15/fedbank-financial-services-q2-profit-rises-63-to-130-75-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T08:38:38.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/fedbank-financial-services-q2-profit-rises-63-to-13075-crore"
  },
  "original_language": "en",
  "account": "Mumbai-based Fedbank Financial Services Ltd (Fedfina) reported a substantial surge in its net profit for the second quarter of the 2026-27 financial year, with profits rising by 63 per cent to ₹130.75 crore. The non-banking financial company (NBFC) achieved total revenue of ₹719.41 crore, up from ₹535.38 crore in the same quarter last year. The company plans to raise ₹2,500 crore in debt, which the board will review on August 25. Total expenses for the quarter increased to ₹541.79 crore, compared to ₹428.52 crore in the previous year. Finance costs amounted to ₹288.34 crore, while employee benefits totaled ₹126.54 crore. For the half year ending 30 September 2026, Fedfina reported a standalone net profit of ₹245.13 crore, compared to ₹155.16 crore in the previous half year. Total assets stood at ₹18,540.36 crore, matching total liabilities and equity. The company's gross and net non-performing assets were 1.82 per cent and 1.18 per cent, respectively, with a capital to risk-weighted assets ratio of 20.96 per cent. As of 30 September 2026, the company's paid-up equity share capital was ₹375.14 crore, and basic earnings per share (EPS) were ₹3.56, up from ₹2.15 in the same quarter last year. The company's board approved its unaudited financial results on 15 October 2026, after the Audit Committee recommended them.",
  "summary": "Mumbai: Fedbank Financial Services Ltd (Fedfina) on Thursday announced a significant increase in its standalone net profit, which grew by 63 per cent to ₹130.75 crore for the second quarter of the financial year 2026-27 . Revenue Growth The non-banking financial company (NBFC) reported a total revenue from operations of ₹719.41 crore for the quarter. This is an increase from ₹535.38 crore…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}