Federal Bank Q2FY23 Quarter Results

Federal Bank’s net revenues grew 20.3% YoY
  • 14 Oct 2022
  • Federal Bank’s net revenues (net interest income plus other income) grew by 13.2% quarter-on-quarter (QoQ) during the quarter ended September (Q2FY23). On a year-on-year (YoY) basis, it witnessed a growth of 20.3%.
  • Its expenses for the quarter were up by 9.9% QoQ and 16.6% YoY.
  • The bank’s net profit grew 15.6% QoQ and 51% YoY.
  • The bank’s capital adequacy ratio (CAR) stood at 14.3% in Sept 2022 quarter.
  • Net non-performing assets (NPAs) were at 0.82% of net advances as of Sept 2022.
  • The earnings per share (EPS) of Federal Bank stood at 3.5 during Q2FY23.

Federal Bank’s financial statements for Q2FY23:

(Rs, crores) Q2FY22 Q1FY23 Q2FY23 QoQ (%) QoQ (%)
Total Income4,060.84,318.24,886.613.2%20.3%
Total Expenses3,092.33,279.63,605.49.9%16.6%
Provisions & contingencies311.8175.2284.562.4%-8.8%
Profit before tax656.6863.4996.615.4%51.8%
Profit after tax485.7634.2733.315.6%51.0%
Earnings per share2.33.03.5

Data Source: BSE, Company announcements

Want to keep a tab on Indian listed companies? Open an account and get daily stock research updates from Kotak Securities.

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Open Demat Account
or Resume your Application
+91 -