The Federal Bank Limited (FEDERALBNK.BO) reported mixed results for the third quarter of FY 2024, with revenues of INR 69.94 billion reflecting a YOY decline of 48.15%, though slightly improved from the previous quarter. Operating income saw a significant increase of 137.88% QoQ to INR 14.20 billion, showcasing resilience amidst challenging market conditions. Despite a net income of INR 10.35 billion, down 8.81% YOY, EPS decreased to INR 4.28—a drop of 10.05% from last year, indicating pressure on profitability due to increased operational costs. Management indicated optimism moving forward, focusing on loan growth and enhanced digital offerings to attract a broader customer base.