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:

(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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