Key numbers and Comparison QoQ/YoY
Result Date: 28 Oct, 2024
| Q2 FY25 (Cr) | Q1 FY25 | Change | Q2 FY24 | Change | |
| Revenue | 7541 | 7246 | 4.1% | 6186 | 21.9% |
| Operating Profit (Pre provision) | 1565 | 1501 | 4.3% | 1324 | 18.2% |
| Provisions | 509 | 491 | 3.7% | 371 | 37.2% |
| Profit after tax | 1057 | 1010 | 4.7% | 954 | 10.8% |
Positive aspects
- Highest ever quarterly profit
- Healthy ROE (13.65) and ROA (1.28%)
- Healthy Cost/Income (53%) and NPA (0.57%)
- Federal Bank fixed deposit upgraded to AAA
- Deposits at 269107 Cr (YoY 16%, QoQ 1%) and Advances at 230312 Cr (YoY 19%, QoQ 4%)
Negative aspects
- None
Other highlights
- Bank is still more concentrated in one state Kerala (slowly getting more diversified)
- Bank transitioning to new CEO K.V.S. Manian (earlier Shyam Srinivasan )
