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:

(Rs, crores) Q3FY22 Q2FY23 Q3FY23 QoQ (%) QoQ (%)
Total Income4,125.34,886.65,262.67.7%27.6%
Total Expenses3,160.73,605.43,914.88.6%23.9%
Provisions & contingencies239.8284.5213.6-24.9%-10.9%
Profit before tax724.8996.61,134.213.8%56.5%
Profit after tax539.8733.3843.315.0%56.2%
Earnings per share2.63.53.9

Data Source: BSE, Company announcements

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