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 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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