FEDERAL BANK Announces Quarterly Results (4QFY20); Net Profit Down 21.0%

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?  

FEDERAL BANK Announces Quarterly Results (4QFY20); Net Profit Down 21.0%
Mon, 1 Jun

FEDERAL BANK has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

FEDERAL BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m30,32333,30433,9682.0%12.0%
Other incomeRs m4,1174,0797,11174.4%72.7%
Total revenuesRs m34,44037,38241,0809.9%19.3%
InterestRs m19,35821,75421,8080.2%12.7%
Gross Profit Rs m10,96511,54912,1605.3%10.9%
Other expensesRs m7,5358,1909,67818.2%28.4%
Profit before taxRs m5,7705,8303,918-32.8%-32.1%
TaxRs m1,9551,423906-36.3%-53.7%
Profit after taxRs m3,8154,4063,012-31.6%-21.0%
Gross profit margin %36.234.735.8
Effective tax rate%33.924.423.1
Net profit margin%12.613.28.9
* 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 12.0% on a year-on-year (YoY) basis. The interest expended was up by 12.7% YoY during the same period.
  • The bank's operating profit increased by 10.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 35.8% in 4QFY20.
  • Other income increased by 72.7% YoY during the quarter.
  • Net profit for the quarter declined by 21.0% YoY. Net profit margins during the quarter declined from 12.6% in 4QFY19 to 8.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.2% QoQ during the same period.
  • The bank's operating profit increased by 5.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.8% in 4QFY20 as against 34.7% in 3QFY19.
  • Net profit for the quarter declined by 31.6% QoQ, while net profit margins declined from 13.2% in 3QFY19 to 8.9% in 4QFY20.

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

SHOCKING: Ex-Swiss Investment Banker's Lucrative Income Generating Secret

FEDERAL BANK Share Price Performance

Over the last one year,FEDERAL BANK share price has moved down from Rs 107.2 to Rs 46.1, registering a Loss of Rs 61.1 or around 57.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 22,981.3 (up 3.8%). Over the last one year it has moved down from 35,264.0 to 22,981.3, a loss of 12,283 points (down 34.8%).

Overall, the S&P BSE SENSEX is down 15.8% over the year.

Current Valuations

At the current price of Rs 46.1, the price to earnings (P/E) ratio of FEDERAL BANK stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

Equitymaster requests your view! Post a comment on "FEDERAL BANK Announces Quarterly Results (4QFY20); Net Profit Down 21.0%". Click here!

  

Related Views on News

FEDERAL BANK Announces Quarterly Results (2QFY21); Net Profit Down 26.2% (Quarterly Result Update)

Oct 19, 2020 | Updated on Oct 19, 2020

For the quarter ended September 2020, FEDERAL BANK has posted a net profit of Rs 3 bn (down 26.2% YoY). Sales on the other hand came in at Rs 35 bn (up 7.2% YoY). Read on for a complete analysis of FEDERAL BANK's quarterly results.

FEDERAL BANK Announces Quarterly Results (3QFY20); Net Profit Up 32.1% (Quarterly Result Update)

Jan 21, 2020 | Updated on Jan 21, 2020

For the quarter ended December 2019, FEDERAL BANK has posted a net profit of Rs 4 bn (up 32.1% YoY). Sales on the other hand came in at Rs 33 bn (up 12.7% YoY). Read on for a complete analysis of FEDERAL BANK's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

FEDERAL BANK SHARE PRICE


Dec 4, 2020 (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 - WELLS FARGO COMPARISON

COMPARE FEDERAL BANK WITH

MARKET STATS