Federal Bank Q1FY23 Quarter Results
Federal Bank’s net revenues grew 3.5% YoY during June 2022 quarter
- 15 Jul 2022
- 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:
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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