• Federal Bank’s net revenues (net interest income plus other income) grew by 3.5% quarter-on-quarter (QoQ) during the quarter ended June (Q1FY23). On a year-on-year (YoY) basis, it witnessed a growth of 4.2%.
  • Its expenses for the quarter were down by 0.9% QoQ and up by 9.7% YoY.
  • The bank’s net profit grew 7.9% QoQ and 77.8% YoY.
  • The bank’s capital adequacy ratio (CAR) stood at 15.12% in June 2022 quarter.
  • Net non-performing assets (NPAs) were at 0.96% of net advances as of June 2022.
  • The earnings per share (EPS) of Federal Bank stood at 3 during Q1FY23.

Federal Bank’s financial statements for Q1FY23:

(Rs, crores) Q1FY22 Q4FY22 Q1FY23 QoQ (%) YoY (%)
Total Income 4,145.9 4,170.6 4,318.2 3.5% 4.2%
Total Expenses 2,989.7 3,308.8 3,279.6 -0.9% 9.7%
Provisions & contingencies 669.1 83.9 175.2 108.7% -73.8%
Profit before tax 487.1 777.8 863.4 11.0% 77.3%
Tax 131.5 196.1 220.4 12.4% 67.6%
Profit after tax 356.8 587.5 634.2 7.9% 77.8%
Earnings per share 1.8 2.8 3.0    

Data Source: BSE, Company announcements

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The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results