The Federal Bank Ltd’s profit jumped 56% YOY in Q3FY23

The Federal Bank Ltd has reported consolidated financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹5262.58 crs₹4886.58 crsUp Tick / Down Tick7.69%
Net Profit₹843.25 crs₹733.34 crsUp Tick / Down Tick14.99%
EPS₹3.94₹3.45Up Tick / Down Tick14.20%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹5262.58 crs₹4125.30 crsUp Tick / Down Tick27.57%
Net Profit₹843.25 crs₹539.77 crsUp Tick / Down Tick56.22%
EPS₹3.94₹2.55Up Tick / Down Tick54.51%

Asset Quality:

Asset QualityQ3 FY2023Q2 FY2023Q3 FY2022
Gross NPA₹4308.99 crs₹4173.10 crs₹4592.80 crs
Gross NPA %2.42%2.45%3.10%
Net NPA₹1348.55 crs₹1363.96 crs₹1613.15 crs
Net NPA %0.77%0.82%1.11%
  • NIM at all-time high of 3.49%
  • NII QoQ growth at 21-qtr high, YoY growth at 24-qtr high
  • Cost-to-income ratio at 5-qtr low of 48.84%
  • Operating profit highest ever at ₹1,274 cr

Share Price

the-federal-bank-q3fy23

The Federal Bank Ltd is currently 38.45% up this year.

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