The Federal Bank · NSE: FEDERALBNK · BSE: 500469

Q1 FY24 results · Apr–Jun 2023

The Federal Bank reported revenue from operations of ₹5,349.77 crore (up 39.2% from Q1 FY23) and net profit of ₹891.74 crore (up 38.7% from Q1 FY23) for Q1 FY24 (Apr–Jun 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Interest earned	5,349.77	3,843.09	+39.2%	5,012.26	+6.7%
Other income	741.31	475.08	+56.0%	768.42	−3.5%
Total income	6,091.08	4,318.17	+41.1%	5,780.68	+5.4%
Profit before share of associates & JVs and tax	1,202.44	863.40	+39.3%	1,268.73	−5.2%
Share of profit/(loss) of associates & JVs	2.16	2.26		23.98
Net profit for the period	891.74	643.00	+38.7%	939.57	−5.1%
Attributable to shareholders of the company	880.12	634.22	+38.8%	953.91	−7.7%
EPS, basic (₹)	4.16	3.02	+37.7%	4.51	−7.8%
Net margin (%)	16.7	16.7		18.7

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Interest earned	5,024.53	3,628.86	+38.5%	4,720.74	+6.4%
Other income	732.41	452.62	+61.8%	733.86	−0.2%
Total income	5,756.94	4,081.48	+41.1%	5,454.60	+5.5%
Profit before tax	1,146.77	806.69	+42.2%	1,217.91	−5.8%
Net profit for the period	853.74	600.66	+42.1%	902.61	−5.4%
EPS, basic (₹)	4.03	2.86	+40.9%	4.27	−5.6%
Net margin (%)	17.0	16.6		19.1

Consolidated

Filed with BSE: 13 Jul 2023, 16:52 IST
Board meeting: 13 Jul 2023
Period: 01 Apr 2023 to 30 Jun 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 13 Jul 2023, 16:52 IST
Board meeting: 13 Jul 2023
Period: 01 Apr 2023 to 30 Jun 2023
Review status: Unaudited
Source: XBRL filing on BSE