Marketing Department
_______________________________________________________________________________
October 16, 2019
PRESS RELEASE
Federal Bank Net Profit Grows 57% to Reach Rs.416.70 Cr
Federal Bank announced the Unaudited Financial Results for the quarter ended 30th September 2019. The key highlights of the results on a Y-o-Y basis are as follows:
- Total Business records a growth of 17%
- Total Advances increase by 15%
- Total Deposits grow by 18%
- Net profit at Rs.417 Cr registers a growth of 57%
- Retail Advances grow by 25%
Commenting on the results and financial performance, Mr. Shyam Srinivasan, Managing Director & CEO, Federal Bank said, "the Bank has delivered yet another quarter of strong bottom line performance with highest ever quarterly net profit. While the external environment remains challenging, we have negotiated well through the tough environment and maintained credit quality and focussed on building a granular and balanced business mix."
WORKING RESULTS AT A GLANCE
(Rs. in Crore) | ||||||
Particulars | Q2 | Q2 | % y-o-y | |||
2019-20 | 2018-19 | growth | ||||
Total Income | 3675.15 | 3087.81 | 19.02% | |||
Net Profit | 416.70 | 266.04 | 56.63% | |||
Net Total Income | 1544.69 | 1345.36 | 14.82% |
Balance Sheet
Total Business of the Bank crosses Rs. 250000 Cr to reach Rs.255439.74 Cr registering a growth of 16.57% as on 30th September 2019. Total Advances grow from Rs.100940.88 Cr to Rs. 115893.21 Cr. Total Deposits increase from Rs. 118182.42 Cr to Rs. 139546.52 Cr as on 30th September 2019, registering a growth of 18.08%.
The Federal Bank Ltd.| Marketing Dept | 4th Floor, Federal Towers, Bank Junction, Aluva| Phone: 04842634011
Email: marketing@federalbank.co.in | CIN: L65191KL1931PLC000368| Website: www.federalbank.co.in
NRE Deposits of the Bank grow from Rs. 46787.05 Cr to Rs. 52690.21 Cr registering a growth of 12.62%. CASA Deposits clock a growth of 11.57 % Y-o-Y to reach Rs. 44023.39 Cr.
On the Asset side, Retail Advances clock a growth of 25.41% to reach Rs. 34862.97 Cr. Business Banking advances grow by 15.23% to reach Rs. 9939.31 Cr. Agriculture advances register a growth of
21.36 % to reach Rs. 12355 Cr from Rs. 10180.09 Cr. Housing Loans register an impressive Y-o-Y growth of 23.85% to Rs. 16821.97 Cr.
Operating Profit & Net Profit
The Bank registers an Operating Profit of Rs. 718.80 Cr and a Net Profit of Rs. 416.70 Cr. for the quarter ended 30th September 2019. The net profit records a staggering growth of 56.63%. The Operating Profit and Net Profit for the half year ended 30th September 2019 stood at Rs. 1501.56 Cr and Rs. 800.91 Cr respectively.
Margins
The Bank earned a Net Interest Income of Rs. 1123.77 Cr for the quarter ended 30th September 2019. Net Interest Margin stands at 3.01% as on 30th September 2019.
Asset Quality
The Gross NPA of the Bank as at the end of Q2 FY20 stood at Rs. 3612.11 Cr, which as a percentage to Gross Advances stands at 3.07%. The Net NPA and Net NPA as a percentage to Net Advances as on 30th September 2019 stand at Rs. 1843.64 Cr and 1.59% respectively. The Provision Coverage Ratio (including technical write-offs) is 66.16%.
NET WORTH & CAPITAL ADEQUACY
The Net worth of the bank increases from Rs. 12440.11 Cr to Rs. 13754.31 Cr, as on 30th September 2019. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stands at 13.98% as at the end of the quarter.
Footprint
The Bank has 1251 branches and 1942 ATMs/ Recyclers as on 30th September 2019.
Q2FY19 Vs Q2FY20
- Gross advances increase by 14.98% to reach Rs. 117622.36 Cr
- NRE deposits cross Rs. 50000 Cr to reach Rs. 52690.21 Cr registering a growth of 12.62%
- Business Banking Advances grow by 15.23% from Rs.8625.49 Cr to Rs. 9939.31 Cr
- CASA grows by 11.57% from Rs. 39546.88 Cr to Rs. 44023.39 Cr
- Savings deposits grow by 13.27% to reach Rs. 37268.02 Cr
- Total Deposits increase by 18.08% from Rs. 118182.41 Cr to Rs. 139546.53 Cr
- Retail advances grow by 25.41% to reach Rs. 34862.97 Cr
- Investments stand at Rs. 31094.36 Cr
- Book Value per share increases from Rs. 62.81 to Rs. 69.18
The Federal Bank Ltd.| Marketing Dept | 4th Floor, Federal Towers, Bank Junction, Aluva| Phone: 04842634011
Email: marketing@federalbank.co.in | CIN: L65191KL1931PLC000368| Website: www.federalbank.co.in
MAJOR FINANCIAL INDICATORS (Standalone nos.)
(Rs. in Crore) | |||
Business Figures | As on 30.9.2019 | As on 30.9.2018 | Growth (%) |
Total Deposits | 139546.53 | 118182.41 | 18.08% |
SB & Demand Deposits | 44534.81 | 39899.60 | 11.62% |
Gross Advances | 117622.36 | 102300.37 | 14.98% |
Retail Advances | 34862.97 | 27798.22 | 25.41% |
Business Banking Advances | 9939.31 | 8625.49 | 15.23% |
Agri Advances | 12355.00 | 10180.09 | 21.36% |
Capital | |||
Equity Capital | 397.62 | 396.12 | |
Net Worth | 13754.31 | 12440.11 | 10.56% |
Capital Adequacy (%) | 13.98 | 13.29 | |
Tier I (%) | 12.87 | 12.79 | |
Tier II (%) | 1.11 | 0.50 |
MAJOR FINANCIAL INDICATORS (Consolidated Nos)
(Rs. in Cr) | |||
As on 30.9.2019 | As on 30.9.2018 | ||
Total Income | 3748.44 | 3135.97 | |
Total Expense | 3017.27 | 2424.36 | |
Operating Profit | 731.17 | 711.61 | |
Consolidated Net Profit | 425.34 | 280.61 | |
CRAR | 14.32 | 13.43 | |
ROA* | 1.04% | 0.80% | |
*Annualized |
Anand Chugh
Vice President
Ph - 9995707335, E-mail: anandchugh@federalbank.co.in
A presentation for investors is being placed separately on our Bank's website: www.federalbank.co.in
For further information, please contact:
Mr. Ashutosh Khajuria, Executive Director & CFO
Tel: 912261748609, e-mail: akhajuria@federalbank.co.in
The Federal Bank Ltd.| Marketing Dept | 4th Floor, Federal Towers, Bank Junction, Aluva| Phone: 04842634011
Email: marketing@federalbank.co.in | CIN: L65191KL1931PLC000368| Website: www.federalbank.co.in
Attachments
- Original document
- Permalink
Disclaimer
The Federal Bank Limited published this content on 16 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2019 09:22:07 UTC