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