The Federal Bank Limited has reported Consolidated financial results for the period ended September 30, 2023.
Financial Results (Q2 FY2024) - QoQ Comparison
The company has reported total income of Rs. 6548.20 crores during the period ended September 30, 2023 as compared to Rs. 6091.08 crores during the period ended June 30, 2023.
The company has posted net profit / (loss) of Rs. 994.10 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 880.12 crores for the period ended June 30, 2023.
The company has reported EPS of Rs. 4.29 for the period ended September 30, 2023 as compared to Rs. 4.11 for the period ended June 30, 2023.
| Total Income | ₹ 6548.20 crs | ₹6091.08 crs |  7.50% | | Net Profit | ₹994.10 crs | ₹880.12 crs | 12.95% | | EPS | ₹4.29 | ₹4.11 | 4.38% |
Financial Results (Q2 FY2024) - YoY Comparison
The company has reported total income of Rs. 6548.20 crores during the period ended September 30, 2023 as compared to Rs.4886.58 crores during the period ended September 30, 2022.
The company has posted net profit / (loss) of Rs.994.10 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.733.34 crores for the period ended September 30, 2022.
The company has reported EPS of Rs.4.29 for the period ended September 30, 2023 as compared to Rs.3.45 for the period ended September 30, 2022.
| Total Income | ₹ 6548.20 crs | ₹4886.58 crs | 34.00% | | Net Profit | ₹994.10 crs | ₹733.34 crs | 35.56% | | EPS | ₹4.29 | ₹3.45 | 24.35% |
Financial Results (Half Year Ended FY2024) - YoY Comparison
The company has reported total income of Rs.12639.28 crores during the 6 Months period ended September 30, 2023 as compared to Rs.9204.75 crores during the 6 Months period ended September 30, 2022.
The company has posted net profit / (loss) of Rs.1874.22 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.1367.56 crores for the 6 Months period ended September 30, 2022.
The company has reported EPS of Rs.8.40 for the 6 Months period ended September 30, 2023 as compared to Rs.6.44 for the 6 Months period ended September 30, 2022.
| Total Income | ₹12639.28 crs | ₹9204.75 crs | 37.31% | | Net Profit | ₹1874.22 crs | ₹1367.56 crs | 37.05% | | EPS | ₹8.40 | ₹6.44 | 30.43% |
Asset Quality:
| Gross NPA | ₹4617.12 crs | ₹4610.79 crs | ₹4173.10 crs | | Gross NPA % | 2.27% | 2.37% | 2.45% | | Net NPA | ₹1362.78 crs | ₹1404.34 crs | ₹1363.96 crs | | Net NPA % | 0.68% | 0.74% | 0.82% |
Gross NPA was at ₹ 4617.12 crs in Q2 FY2024 against ₹ 4173.10 crs in Q2 FY2023. The same was at ₹ 4610.79 crs in Q1 FY2024.
Net NPA was at ₹ 1362.78 crs in Q2 FY2024 against ₹ 1363.96 crs in Q2 FY2023. The same was at ₹ 1404.34 crs in Q1 FY2024.
GNPA was at 2.27% of Gross advances as on September 30, 2023 as compared to 2.45% as on September 30, 2022 and 2.37% as of June 30, 2023.
Net NPA was at 0.68% of Gross advances as on September 30, 2023 as compared to 0.82% as on September 30, 2022 and 0.74% as of June 30, 2023.
| RoA % | 0.34% | 0.32% | 0.31% | CAR (BASEL III) % | 15.92% | 14.72% | 14.30% |
Return on Average Assets (RoA) is at 0.34% for Q2 FY2024 against 0.32% in Q1 FY2024 and 0.31% in Q2 FY2023.
In Q2 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 15.92%, as compared to 14.72% in Q1 FY2024 and 14.30% in Q2 FY2023.
Shares of The Federal Bank Limited was last trading in BSE at Rs. 148.45 as compared to the previous close of Rs. 149.50. The total number of shares traded during the day was 1487280 in over 10637 trades.
The stock hit an intraday high of Rs. 152.55 and intraday low of 146.75. The net turnover during the day was Rs. 222312644.00. |
