FEDERAL BANK Announces Quarterly Results (1QFY20); Net Profit Up 46.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

FEDERAL BANK Announces Quarterly Results (1QFY20); Net Profit Up 46.2%
Fri, 19 Jul

FEDERAL BANK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

FEDERAL BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m26,67430,32332,2936.5%21.1%
Other incomeRs m2,7094,1173,915-4.9%44.5%
Total revenuesRs m29,38234,44036,2085.1%23.2%
InterestRs m16,87319,35820,7517.2%23.0%
Gross Profit Rs m9,80110,96511,5425.3%17.8%
Other expensesRs m6,4807,5357,6291.3%17.7%
Profit before taxRs m4,0385,7705,9072.4%46.3%
TaxRs m1,4111,9552,0655.6%46.4%
Profit after taxRs m2,6273,8153,8420.7%46.2%
Gross profit margin %36.736.235.7
Effective tax rate%34.933.935.0
Net profit margin%9.812.611.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 21.1% on a year-on-year (YoY) basis. The interest expended was up by 23.0% YoY during the same period.
  • The bank's operating profit increased by 17.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.7% in 1QFY20 as against 36.7% in 1QFY19.
  • Other income increased by 44.5% YoY during the quarter.
  • Net profit for the quarter increased by 46.2% YoY. Net profit margins during the quarter increased from 9.8% in 1QFY19 to 11.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 7.2% QoQ during the same period.
  • The bank's operating profit declined by 5.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.7% in 1QFY20 as against 36.2% in 4QFY19.
  • Net profit for the quarter increased by 0.7% QoQ, while net profit margins declined from 12.6% in 4QFY19 to 11.9% in 1QFY20.

To see how FEDERAL BANK has performed over the last eight quarters,please visit here.

FEDERAL BANK Share Price Performance

Over the last one year,FEDERAL BANK share price has moved up from Rs 85.9 to Rs 98.8, registering a Gain of Rs 13.0 or around 15.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 34,094.6 (down 0.3%). Over the last one year it has moved up from 29,605.7 to 34,094.6, a gain of 4,489 points (up 15.2%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 98.8, the price to earnings (P/E) ratio of FEDERAL BANK stands at 14.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

Equitymaster requests your view! Post a comment on "FEDERAL BANK Announces Quarterly Results (1QFY20); Net Profit Up 46.2%". Click here!

  

Related Views on News

FEDERAL BANK Announces Quarterly Results (2QFY20); Net Profit Up 56.6% (Quarterly Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

For the quarter ended September 2019, FEDERAL BANK has posted a net profit of Rs 4 bn (up 56.6% YoY). Sales on the other hand came in at Rs 33 bn (up 17.7% YoY). Read on for a complete analysis of FEDERAL BANK's quarterly results.

FEDERAL BANK Announces Quarterly Results (4QFY19); Net Profit Up 163.1% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

For the quarter ended March 2019, FEDERAL BANK has posted a net profit of Rs 4 bn (up 163.1% YoY). Sales on the other hand came in at Rs 30 bn (up 19.0% YoY). Read on for a complete analysis of FEDERAL BANK's quarterly results.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Two Stocks to Buy in the Great Indian Festival(Profit Hunter)

Oct 11, 2019

Discounts are not just limited to E-tailers. You can buy stocks at 50% off too. Here are two stocks to buy now.

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

FEDERAL BANK SHARE PRICE


Oct 18, 2019 (Close)

TRACK FEDERAL BANK

  • Track your investment in FEDERAL BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

FEDERAL BANK - SOUTH IND.BANK COMPARISON

COMPARE FEDERAL BANK WITH

MARKET STATS