The Federal Bank Ltd Q2FY23 consolidated PAT jumps to Rs. 733.34 crores

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

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 4886.58 crores during the period ended September 30, 2022 as compared to Rs. 4318.17 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 733.34 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 634.22 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 3.45 for the period ended September 30, 2022 as compared to Rs. 2.99 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 4886.58 crs	₹4318.17 crs	13.16%
Net Profit	₹733.34 crs	₹634.22 crs	15.63%
EPS	₹3.45	₹2.99	15.38%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 4886.58 crores during the period ended September 30, 2022 as compared to Rs.4060.75 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.733.34 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.485.72 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.3.45 for the period ended September 30, 2022 as compared to Rs.2.32 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 4886.58 crs	₹4060.75 crs	20.34%
Net Profit	₹733.34 crs	₹485.72 crs	50.98%
EPS	₹3.45	₹2.32	48.71%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.9204.75 crores during the 6 Months period ended September 30, 2022 as compared to Rs.8206.62 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.1367.56 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.842.48 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.6.44 for the 6 Months period ended September 30, 2022 as compared to Rs.4.11 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹9204.75 crs	₹8206.62 crs	12.16%
Net Profit	₹1367.56 crs	₹842.48 crs	62.33%
EPS	₹6.44	₹4.11	56.69%

Asset Quality:

Asset Quality	Q2 FY2023	Q1 FY2023	Q2 FY2022
Gross NPA	₹ 4173.10 crs	₹4273.04 crs	₹4558.19 crs
Gross NPA %	2.45%	2.67%	3.22%
Net NPA	₹1363.96 crs	₹1505.82 crs	₹1595.78 crs
Net NPA %	0.82%	0.96%	1.15%

Gross NPA was at ₹ 4173.10 crs in Q2 FY2023 against ₹ 4558.19 crs in Q2 FY2022. The same was at ₹ 4273.04 crs in Q1 FY2023.

Net NPA was at ₹ 1363.96 crs in Q2 FY2023 against ₹ 1595.78 crs in Q2 FY2022. The same was at ₹ 1505.82 crs in Q1 FY2023.

GNPA was at 2.45% of Gross advances as on June 30, 2022 as compared to 3.22% as on June 30, 2021 and 2.67% as of June 30, 2022.

Net NPA was at 0.82% of Gross advances as on June 30, 2022 as compared to 1.15% as on June 30, 2021 and 0.96% as of June 30, 2022.

Ratios	Q2 FY2023	Q1 FY2023	Q2 FY2022
RoA %	0.31%	0.28%	0.23%
CAR (BASEL III) %	14.30%	15.12%	15.63%

Return on Average Assets (RoA) is at 0.31% for Q2 FY2023 against 0.28% in Q1 FY2023 and 0.23% in Q2 FY2022.

In Q2 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 14.30%, as compared to 15.12% in Q1 FY2023 and 15.63% in Q2 FY2022.

Shares of The Federal Bank Limited was last trading in BSE at Rs. 124.80 as compared to the previous close of Rs. 125.60. The total number of shares traded during the day was 757617 in over 5021 trades.

The stock hit an intraday high of Rs. 126.70 and intraday low of 124.45. The net turnover during the day was Rs. 95197630.00.

Source : Equity Bulls

Keywords

TheFederalBank Q2FY23 H1FY23 ResultUpdate FEDBANK