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

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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