Federal Bank's Q4 results show consistent growth and positive prospects for investors.
Federal Bank, one of the leading private banks in India, has recently declared its financial results for the quarter ending March 2024. The bank has received a 'Buy' call from MarketsMOJO, indicating positive prospects for the company.
In the last three months, Federal Bank's score has fallen from 9 to 7, but the bank's financial performance for the quarter has been impressive. The net interest income for the quarter was the highest at Rs 2,195.11 crore, showing a consistent growth in the last five quarters. This indicates that the bank's core business is thriving.
The interest earned for the quarter was also the highest at Rs 5,978.35 crore, with a positive trend in the near term. The bank's gross non-performing assets (NPA) have also decreased to 2.13%, indicating a decline in the proportion of stressed loans given by the bank.
On the other hand, the bank's operating profit margin has fallen to 5.96%, with a negative trend in the last five quarters. This shows a deterioration in the company's efficiency. The operating profit for the quarter was also the lowest at Rs 356.47 crore, with a negative trend in the near term.
However, the bank's capital adequacy ratio (CAR) has been the highest at 16.13% in the last five quarters, indicating an improvement in the bank's capital base compared to its risk assets. But, the bank may not be taking enough risks in its lending book.
The non-operating income for the quarter was 62.57% of the profit before tax (PBT), which is a concern as it shows a high reliance on non-business activities. The earnings per share (EPS) for the quarter was the lowest at Rs 3.72, indicating a decline in profitability and lower earnings for shareholders.
Overall, Federal Bank's financial performance for the quarter ending March 2024 has been positive, with a few areas of concern. Investors can keep an eye on the bank's future performance to make informed decisions.
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