Federal Bank Results Earnings Call for Q3FY24
Conference Call with Federal Bank Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.16-01-2024
16-01-2024
Q3FY24 Quarterly Result Announced for Federal Bank Ltd.
Federal Bank announced Q3FY24 results: Financial Highlights Total Business: Reached Rs 4,38,776.39 crore, representing an 18.72% growth. Net Profit: Recorded its highest ever at Rs 1,006.74 crore, a 25.28% increase from the previous year. Operating Profit: Stood at Rs 1,437.33 crore, a YoY increase of 12.80%. Net Interest Income: Highest ever at Rs 2,123.36 crore, up by 8.53%. Deposits and Advances Total Deposits: Grew by 18.96%, rising from Rs 2,01,408.12 crore to Rs 2,39,591.16 crore. Net Advances: Increased by 18.44%, from Rs 1,68,173.13 crore to Rs 1,99,185.23 crore. Segment Advances Retail Advances: Up by 20.39%, totaling Rs 65,041.08 crore. Business Banking Advances: Increased by 17.80%, reaching Rs 16,679.75 crore. Commercial Banking: Grew by 25.99% to Rs 20,773.55 crore. Corporate Advances: Saw a 14.38% increase, amounting to Rs 71,978.41 crore. CV/CE Advances: Surged by 66.06%, reaching Rs 3,057.00 crore. Asset Quality Gross NPA: Stood at 2.29%, equating to Rs 4,628.79 crore. Net NPA: Was at 0.64%, translating to Rs 1,284.37 crore. Provision Coverage Ratio: Excluding technical write-offs, recorded at 71.08%. Capital and Ratios Net Worth: Increased to Rs 28,084.72 crore. Capital Adequacy Ratio (CAR): Basel III compliant CAR at 15.02%. Other Indicators: Earnings Per Share (EPS): Annualized at Rs 16.54. Return on Assets (ROA): For Q3 was at 1.39%. Return on Equity (ROE): For Q3 stood at 14.80%. Shyam Srinivasan, Managing Director & CEO of Federal Bank, expressed his views on this remarkable achievement, “I am pleased that our team's dedicated effort has helped us register an all-time high net profit of 1007 crore, a significant milestone in the journey of any organization which is dedicated to both growth and excellence. With an increase of over 100 branches in the past calendar year and a similar number planned for this year, our growth trajectory is well poised to sustain this positive momentum. As we grow and diversify across products, segments, and geography, we are further inspired to deliver on our purpose for existence, which is to be the Most Admired Bank in India.” Result PDF16-01-2024
FEDERAL BANK LTD. - 500469 - Statement On Deviation Or Variation In Utilization Of Funds, If Any, Under Regulation 32 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ('SEBI Listing Regulations')
Statement of Deviation or variation utilization of funds16-01-2024
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release16-01-2024
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation16-01-2024
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Corrigendum to the Intimation of earnings call11-01-2024
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Earnings Call11-01-2024
FEDERAL BANK LTD. - 500469 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Share Certificates09-01-2024
FEDERAL BANK LTD. - 500469 - Board Meeting Intimation for To Consider And Approve The Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2023
FEDERAL BANK LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/01/2024 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2023.08-01-2024