Stock Report

The Federal Bank Ltd Q1FY23 consolidated PAT up at Rs. 634.22 crores



Posted On : 2022-07-15 13:29:13( TIMEZONE : IST )

The Federal Bank Ltd Q1FY23 consolidated PAT up at Rs. 634.22 crores

The Federal Bank Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 4318.17 crores during the period ended June 30, 2022 as compared to Rs. 4170.55 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 634.22 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 587.54 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 2.99 for the period ended June 30, 2022 as compared to Rs. 2.77 for the period ended March 31, 2022.

Financials Q1 FY2023 Q4 FY2022 % Change
Total Income ₹ 4318.17 crs ₹4170.55 crs Up Tick / Down Tick3.54%
Net Profit ₹634.22 crs ₹587.54 crs Up Tick / Down Tick7.94%
EPS ₹2.99 ₹2.77 Up Tick / Down Tick7.94%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 4318.17 crores during the period ended June 30, 2022 as compared to Rs.4145.88 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.634.22 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.356.76 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.2.99 for the period ended June 30, 2022 as compared to Rs.1.77 for the period ended June 30, 2021.

Financials Q1 FY2023 Q1 FY2022 % Change
Total Income ₹ 4318.17 crs ₹4145.88 crs Up Tick / Down Tick4.16%
Net Profit ₹634.22 crs ₹356.76 crs Up Tick / Down Tick77.77%
EPS ₹2.99 ₹1.77 Up Tick / Down Tick68.93%

Asset Quality:

Asset Quality Q1 FY2023 Q4 FY2022 Q1 FY2022
Gross NPA ₹ 4273.04 crs ₹4256.53 crs ₹4793.18 crs
Gross NPA % 2.67% 2.78% 3.51%
Net NPA ₹1505.82 crs ₹1479.77 crs ₹1712.42 crs
Net NPA % 0.96% 0.98% 1.28%


Gross NPA was at ₹ 4273.04 crs in Q1 FY2023 against ₹ 4793.18 crs in Q1 FY2022. The same was at ₹ 4256.53 crs in Q4 FY2022.

Net NPA was at ₹ 1505.82 crs in Q1 FY2023 against ₹ 1712.42 crs in Q1 FY2022. The same was at ₹ 1479.77 crs in Q4 FY2022.

GNPA was at 2.67% of Gross advances as on June 30, 2022 as compared to 3.51% as on June 30, 2021 and 2.78% as of March 31, 2022.

Net NPA was at 0.96% of Gross advances as on June 30, 2022 as compared to 1.28% as on June 30, 2021 and 0.98% as of March 31, 2022.

Ratios Q1 FY2023 Q4 FY2022 Q1 FY2022
RoA % 0.28% 0.27% 0.17%
CAR (BASEL III) % 15.12% 16.33% 15.36%


Return on Average Assets (RoA) is at 0.28% for Q1 FY2023 against 0.27% in Q4 FY2022 and 0.17% in Q1 FY2022.

In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 15.12%, as compared to 16.33% in Q4 FY2022 and 15.36% in Q1 FY2022.

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

The stock hit an intraday high of Rs. 99.10 and intraday low of 96.10. The net turnover during the day was Rs. 36628049.00.

Source : Equity Bulls

Keywords

TheFederalBank Q1FY23 ResultUpdate