Federal Bank results beat estimates but margins hit, Motilal Oswal has a tough Q3
Federal Bank (which is in 13 stock screeners) was one of several companies that released results today, and while it beat estimates with net profit rising 28.3% YoY and revenues up 18% YoY, the bank's operating profit margin took a hit, falling 7.8% YoY. Provisions climbed 17% for the bank, Asset quality was stable with a slight rise. Gross bad loans as a percentage of total loans rose to 3.14% at the end of December, compared to 3.11% in the previous quarter, and 2.52 % a year earlier. On the brokerage side of financial markets, Motilal Oswal took a hit in its performance, with declining net profits and revenues - it fell 71.8% and 11.1% respectively, in a significant ouch for its investors. For the full results dashboard click here.17-01-2019
