17th October 2023, New Delhi: Federal Bank announced the Financial Results for the quarter ended 30th September 2023. The key highlights of the results on a Y-o-Y basis are as follows:
- Total Business of the Bank reached Rs 425685.12 Cr
- Net Profit highest ever @ Rs 953.82 Cr, grew 35.54 %
- Operating Profit highest ever @ Rs 1324.45 Cr
- ROA for Q2 stood at 1.36% and ROE stood at 15.72%
- GNPA and NNPA brought down to 2.26% and 0.64% respectively
- Total Deposits increased by 23.12%
- Total Net Advances increased by 19.58%
- Highest ever Net Interest Income at ₹ 2056.42 Cr, grew by 16.72%
WORKING RESULTS AT A GLANCE
(Rs.in Cr)
| Particulars |
Q2 |
Q2 |
% y-o-y growth |
|
2023-24 |
2022-23 |
||
| Net Profit |
953.82 |
703.71 |
é35.54% |
| Total Income |
6185.70 |
4630.30 |
é33.59% |
| Operating Profit |
1324.45 |
1212.24 |
é9.26% |
| Net Interest Income |
2056.42 |
1761.83 |
é16.72% |
| Total Business |
425685.12 |
350386.03 |
é21.49% |
Strong Growth – Resilient
Total Business of the Bank reached Rs. 425685.12Cr r
September 2023.
Total Deposits increased from Rs.189145.71 Cr as on 30th Sep
On the Asset side, Net advances increased from Rs 161240.32 Cr as on 30th September 2022 to Rs. 192816.69 Cr on 30th September 2023. Retail Advances grew by 18.05% to reach Rs. 62009.00Cr. Business Banki
Highest Ever Operating Profit&
The Bank registered Operating Profit of Rs. 1324.45 Cr and Net Profit of Rs. 953.82 Cr for the quarter ended 30th September 2023. Operating profit recorded a commendable growth of 9.26% on a year-on-year basis.
Remarkable Income Parameters
Net Interest Income grew 16.72 % from Rs. 1761.83 Cr to Rs. 2056.42 Cr as on 30th September 2023. Total income of the Bank grew 33.59% to reach Rs. 6185.70 Cr. Earnings per share (EPS) annualized is Rs 16.57.
Key Ratios
ROA & ROE of the Bank for the
Robust Asset Quality
Gross NPA of the Bank as at th
NetWorth & CapitalAdequacy
Net worth of the Bank increase
Footprint
The Bank has 1389 branches and
MAJOR FINANCIALINDICATORS (
(Rs. in Cr)
| Business Figures | As on 30.09.2023 | As on 30.09.2022 | Growth (%) |
| Total Deposits |
232868.43 |
189145.71 |
é23.12% |
| Net Advances |
192816.69 |
161240.32 |
é19.58% |
| CB Advances |
19729.00 |
15934.04 |
é23.82% |
| Retail Advances |
62009.00 |
52527.68 |
é18.05% |
| Business Banking Advances |
15997.14 |
13538.86 |
é18.16% |
| Agri Advances |
25115.00 |
20325.84 |
é23.56% |
| Capital | |||
| Equity Capital |
470.32 |
421.91 |
|
| Net Worth |
26032.07 |
19617.82 |
é32.70% |
| Capital Adequacy (%) |
15.50 |
13.84 |
|
| Tier I (%) |
13.79 |
12.62 |
|
| Tier II (%) |
1.71 |
1.22 |