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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