Federal Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.
Financials
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending.
For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 7,663.65 Crore, up 7.20 % from last quarter Total Income of Rs 7149.12 Crore and up 25.82% from last year same quarter Total Income of Rs 6,091.08 Crore. The bank has reported net profit after tax of Rs 1,027.51 Crore in latest quarter.
Valuations
Motilal Oswal Financial Services estimate FB to achieve RoA of 1.3% and RoE of 15.2% by FY27, driven by improved margins and a continued shift toward higher-yielding products. As revenue growth outpaces cost growth, we expect the C/I ratio to decrease to ~50% by FY27, down from 54.5% in FY24.
Promoter/FII Holdings
FIIs owned 28.63% in the company and DIIs 44.96%.
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