InvestorQ : How were the quarterly numbers of Federal Bank for September 2022 quarter?
prachi Patwardhan made post

How were the quarterly numbers of Federal Bank for September 2022 quarter?

Answer
image
sara Kunju answered.
1 month ago
Follow

Federal Bank Ltd reported 20.3% higher revenues at Rs4,887cr for Q2FY23. It witnessed strong growth across retail banking, wholesale banking and treasury operations. Overall, the bank saw positive traction in top line growth in deposits and also in total advances. For the September quarter, the PAT was up 50.98% at Rs733cr. Here are the gist of numbers.

Federal Bank

Rs in Crore

Sep-22

Sep-21

YOY

Jun-22

QOQ

Total Income (Rs cr)

₹ 4,887

₹ 4,061

20.34%

₹ 4,318

13.16%

Operating Profit (Rs cr)

₹ 1,281

₹ 968

32.29%

₹ 1,039

23.35%

Net Profit (Rs cr)

₹ 733

₹ 486

50.98%

₹ 634

15.63%

Diluted EPS (Rs)

₹ 3.45

₹ 2.32

₹ 2.99

OPM

26.22%

23.85%

24.05%

Net Margins

15.01%

11.96%

14.69%

The profit growth was helped along the way by lower provisioning, which fell from Rs312 crore to Rs284 crore on a yoy basis. Operating profits from treasury and other banking operations more than doubled over last year. Net margins for Q2FY23 at 15.01% compared favourably to 14.69% in sequential quarter and 11.96% in year ago quarter.

4 Views