Federal Bank Results Earnings Call for Q2FY24
Conference Call with Federal Bank Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.16-10-2023
16-10-2023
Q2FY24 Quarterly Result Announced for Federal Bank Ltd.
Federal Bank announced Q2FY24 results: Financial Performance: - The Federal Bank reported its highest-ever quarterly net profit of Rs 953.82 crore, showing a growth rate of 35.54% compared to the previous year. - Net Interest Income (NII) reached a record high of Rs 2,056.42 crore, reflecting a growth of 16.72%. - Operating Profit for the quarter stood at Rs 1,324.45 crore, the highest ever recorded by the bank. - Return on Assets (ROA) for Q2FY24 was 1.36%, while Return on Equity (ROE) stood at 15.72%. -The total Business of the bank reached Rs 4,25,685.12 crore, representing a growth of 21.49%. - Provision Coverage Ratio, excluding Technical Write Off, was at 71.03%. Asset Quality: - Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) reduced to 2.26% and 0.64%, respectively. - Gross NPA of the bank stood at Rs 4,436.05 crore, accounting for 2.26% of the Gross Advances. - Net NPA was Rs 1,229.81 crore, representing 0.64% of Net Advances. Deposit and Advance Growth: - Total Deposits increased by 23.12% from Rs 1,89,145.71 crore to Rs 2,32,868.43 crore. - Net Advances grew by 19.58% from Rs 1,61,240.32 crore to Rs 1,92,816.69 crore. - Retail Advances grew by 18.05% to reach Rs 62,009.00 crore. - Business Banking Advances grew by 18.16% to reach Rs 15,997.14 crore. - Commercial Banking grew by 23.82% to Rs 19,729.00 crore. - Corporate Advances registered a growth of 14.91% to reach Rs 68,058.63 crore. - CV/CE Advances grew by 66.50% to reach Rs 2,734.00 crore. Commenting on the results, Shyam Srinivasan, MD & CEO of Federal Bank, said, "The Q2 results are a sigma of many of our initiatives coming together well and has helped us deliver our highest ever profits. Some of the marquee investments we raised in Q2 are a true testimony to our governance, social and environmental commitment standards. We are pleased to deliver on our commitments made to them and do stay determined to make continued progress on all our chosen areas in pursuit of our vision of being the Most Admired Bank." Result PDF16-10-2023
FEDERAL BANK LTD. - 500469 - Announcement Under Regulation 32 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Statement on deviation or variation in utilization of funds, if any, under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 201516-10-2023
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on the Unaudited Financial Results for the quarter and half year ended September 30, 202316-10-2023
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation on the unaudited Financial Results for the quarter and half year ended September 30, 202316-10-2023
FEDERAL BANK LTD. - 500469 - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2023
Unaudited Financial Results for the quarter and half year ended September 30, 202316-10-2023
FEDERAL BANK LTD. - 500469 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IFC Financial Institutions Growth Fund, LP & PACs13-10-2023
FEDERAL BANK LTD. - 500469 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for International Finance Corporation & PACs13-10-2023
FEDERAL BANK LTD. - 500469 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IFC Emerging Asia Fund, LP & PACs13-10-2023
FEDERAL BANK LTD. - 500469 - Announcement under Regulation 30 (LODR)-Allotment
Please find attached Intimation under Regulation 30 of SEBI (LoDR) Reg 2015 in relation to the allotment of equity shares on preferential basis11-10-2023