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 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

Want to keep a tab on Indian listed companies? Open an account and get daily stock research updates from Kotak Securities.

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Open Demat Account
+91 -

personImage