Federal Bank Q1FY23 Result : Net NPA at 0.96% to ₹ 1,505 Cr, PAT up 7.94% to ₹643 Cr

federal bank q1fy23 result - market times
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Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi. The bank has 1,272 branches spread across different states in India.

The Bank has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹4,318.17 crore in the quarter ended on June 30, 2022 as against ₹4,170.55 crore in the last quarter ended on Mar 31, 2022, increased by 3.54%.

The company has posted a consolidated Net Profit of ₹643.00 crore in the quarter ended on March 31, 2022 as against ₹581.76 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 7.94%.

The status of the EPS of the company stood at ₹2.99 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹2.77, up by 7.94%.

₹*June 30, 2022 (Q1FY23) Mar 31, 2022 (Q4FY22)
Total Income4,318.174,170.55
Total Expenses3279.563308.79
PBT /(Loss)863.40777.82
Total Tax /(credit)220.40196.06
PAT /(Loss) [to the owners]643.00581.76
*figures are in Crores

(I) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹4,318.17 crore in the financial year ended on June 30, 2022 as against ₹4,145.88 crore for the same quarter ended on last year June 30, 2021 that increased by 4.16%.

The company has posted a consolidated Net Profit of ₹643.00 crore in the financial year ended on June 30, 2022 as against ₹355.56 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 77.77%.

The status of the EPS of the company stood at ₹2.99 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹1.77, up by 68.93%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income4,318.174,145.88
Total Expenses3279.562989.71
PBT /(Loss)863.40487.06
Total Tax /(credit)220.40131.50
PAT /(Loss) [to the owners]643.40355.56
*figures are in Crores

(III) Key Highlights about the Performance :

a) Asset Quality :

The Gross NPA of the Bank as on 30th June 2022 stood at ₹ 4,155 Cr. Gross NPA as a percentage to Gross Advances is 2.69%. The Net NPA stood at ₹ 1,420 Cr and Net NPA percentage is at 0.94% as on 30th June 2022. The Provision Coverage Ratio stood at 65.03% and after including technical write off at 80.66%.

The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 14.57% as on 30th June 2022. The Net Worth of the Bank was at ₹ 19,267 Cr.

Q1FY23Q4FY22Q1FY22
Gross NPA ₹*4,273.044,256.534,793.18
Gross NPA %2.672.783.51
Net NPA ₹*1,505.821,479.771,712.42
Net NPA %0.960.981.28
RoA %0.280.270.17
**CAR %15.1216.3315.36
*₹ are in Crores **Capital Adequacy Ratio
Market Times News update

Shares of The Federal Bank Limited was last trading in BSE at ₹ 97.30 as compared to the previous close of ₹ 98.00. The total number of shares traded during the day was 375665 in over 2401 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 99.85
  • Intraday low of ₹ 96.45