Federal Bank Q2FY23 Quarter Results
- 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)
Total Income
Q2FY22
4,060.8
Q1FY23
4,318.2
Q2FY23
4,886.6
QoQ (%)
13.2%
QoQ (%)
20.3%
(Rs, crores)
Total Expenses
Q2FY22
3,092.3
Q1FY23
3,279.6
Q2FY23
3,605.4
QoQ (%)
9.9%
QoQ (%)
16.6%
(Rs, crores)
Provisions & contingencies
Q2FY22
311.8
Q1FY23
175.2
Q2FY23
284.5
QoQ (%)
62.4%
QoQ (%)
-8.8%
(Rs, crores)
Profit before tax
Q2FY22
656.6
Q1FY23
863.4
Q2FY23
996.6
QoQ (%)
15.4%
QoQ (%)
51.8%
(Rs, crores)
Tax
Q2FY22
168.6
Q1FY23
220.4
Q2FY23
255.7
QoQ (%)
16.0%
QoQ (%)
51.7%
(Rs, crores)
Profit after tax
Q2FY22
485.7
Q1FY23
634.2
Q2FY23
733.3
QoQ (%)
15.6%
QoQ (%)
51.0%
(Rs, crores)
Earnings per share
Q2FY22
2.3
Q1FY23
3.0
Q2FY23
3.5
QoQ (%)
QoQ (%)
| (Rs, crores) | Q2FY22 | Q1FY23 | Q2FY23 | QoQ (%) | QoQ (%) |
|---|---|---|---|---|---|
| Total Income | 4,060.8 | 4,318.2 | 4,886.6 | 13.2% | 20.3% |
| Total Expenses | 3,092.3 | 3,279.6 | 3,605.4 | 9.9% | 16.6% |
| Provisions & contingencies | 311.8 | 175.2 | 284.5 | 62.4% | -8.8% |
| Profit before tax | 656.6 | 863.4 | 996.6 | 15.4% | 51.8% |
| Tax | 168.6 | 220.4 | 255.7 | 16.0% | 51.7% |
| Profit after tax | 485.7 | 634.2 | 733.3 | 15.6% | 51.0% |
| Earnings per share | 2.3 | 3.0 | 3.5 |
Data Source: BSE, Company announcements
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