Federal Bank reported its highest-ever net profit at Rs 804 crore during the quarter ended December 2022, up 54 per cent compared to Rs 522 crore in the same quarter in the previous fiscal.
PAT was higher by 54% year-on-year.
NII grew by 27 per cent to Rs 1,956 cr for the third quarter of FY23, compared to Rs 1,539 cr in the year-ago period.
advances increased 19% on year to ₹1.7-lakh crore, on the back of 18.1% growth in retail advances.
high-margin products like credit card, personal loans, CV/CE, MSME, MFI, GL
Shares of Federal Bank have delivered a return of
One year jumped over 49% - Six months - 13% per cent
One Month - down 5%
One week - down 3%
Year High 143 and Year Low of 83
Brokerage Recommendation :
HDFC Securities | Rating: Buy | TP: Rs 175
Axis Securities / ICICI Sec / Motilal Oswal - TP: Rs 170
Date 28 March 2023
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