Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 28902.22 Crore).
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-2022.
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 5262.58 Crore, up 7.69 % from last quarter Total Income of Rs 4886.58 Crore and up 27.57 % from last year same quarter Total Income of Rs 4125.30 Crore. The bank has reported net profit after tax of Rs 843.25 Crore in latest quarter.
Investment Rationale
Healthy business growth, steady asset quality and improvement in RoA inline with guidance are some of the bank's key positives. The brokerage expects the bank to deliver credit growth higher than industry growth and RoA of ~1.25%/ 1.35% in FY23E/ 24E.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.2 per cent, DIIs 42.12 per cent.
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