Federal Bank announced its quarterly results on July 15, 2020. Net interest income (NII) in Q1FY21 stood at Rs1,296.44cr, which increased by 12.3% yoy from Rs1,154.17cr in Q1FY20.
Operating profit for Q1FY21 stood at Rs932.38cr with a growth of 19.1% yoy, as against Rs782.76cr inQ1FY20. Provisions and contingencies increased by 105.5% yoy to Rs394.62cr in Q1FY21, compared to Rs192.04cr in the same quarter, the previous year.
Profit after tax stood at Rs400.77cr for the quarter ending June 2020. It increased by 4.3% yoy as compared to Rs 384.2cr in Q1FY20.
Gross NPA was reported at Rs36,55.59cr witnessing a growth of 3.5% qoq. Net NPA was reported at Rs1,477.46cr witnessing a decline of 8.1% qoq. Gross NPA (%) stood at 2.96% in Q1FY21, which increased by 0.12% qoq as against 2.84% in Q4FY20. Net NPA (%) stood at 1.22% in Q1FY21, which declined by 9bps qoq, compared to 1.31% in Q4FY20.
Capital adequacy ratio (%) stood at 14.17% in Q1FY21, which declined by 18bps qoq, as against 14.35% in Q4FY20.
The share closed at Rs49.85 with a decline of 2.45% on BSE.
|
Particulars |
Q1FY21 (Rs in cr) |
Q1FY20 (Rs in cr) |
Change |
|
Net interest income |
1,296.44 |
1,154.17 |
12.3% |
|
Operating profit |
932.38 |
782.76 |
19.1% |
|
Provisions and contingencies |
394.62 |
192.04 |
105.5% |
|
Net Profit |
400.77 |
384.21 |
4.3% |
|
Particulars |
Q1FY21 |
Q4FY20 |
Change |
|
Gross NPA(%) |
2.96 |
2.84 |
0.12 |
|
Net NPA (%) |
1.22 |
1.31 |
-0.09 |
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