Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 29764.66 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
Given the improving visibility on higher credit growth and sustainability of >1.2% RoA in FY23E/FY24E, the brokerage maintains BUY with a revised target price of Rs170 (earlier: Rs155), valuing at PBV of 1.6x (1.5x
earlier) on FY24E BVPS.
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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