Federal Bank Q3FY23 Quarter Results
Federal Bank’s net revenues grew over 27% YoY in Q3FY23
- 16 Jan 2023
- Federal Bank’s net revenues (net interest income plus other income) grew by 7.7% quarter-on-quarter (QoQ) during the quarter ended December (Q3FY23). On a year-on-year (YoY) basis, it witnessed a growth of 27.6%.
- Its expenses for the quarter were up by 8.6% QoQ and 23.9% YoY
- The bank’s net profit grew 15% QoQ and 56.2% YoY.
- The bank’s capital adequacy ratio (CAR) stood at 13.81% in Dec 2022 quarter.
- Net non-performing assets (NPAs) were at 0.77% of net advances as of Dec 2022.
- The earnings per share (EPS) of Federal Bank stood at 3.9 during Q3FY23.
Federal Bank’s financial statements for Q3FY23:
Total Income | 4,125.3 | 4,886.6 | 5,262.6 | 7.7% | 27.6% |
Total Expenses | 3,160.7 | 3,605.4 | 3,914.8 | 8.6% | 23.9% |
Provisions & contingencies | 239.8 | 284.5 | 213.6 | -24.9% | -10.9% |
Profit before tax | 724.8 | 996.6 | 1,134.2 | 13.8% | 56.5% |
Tax | 184.7 | 255.7 | 281.9 | 10.2% | 52.6% |
Profit after tax | 539.8 | 733.3 | 843.3 | 15.0% | 56.2% |
Earnings per share | 2.6 | 3.5 | 3.9 |
Data Source: BSE, Company announcements
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