The Federal Bank Limited
Result Period 2008-09 vs 2009-10
Audited, Cumulative, Non-Consolidated
The Federal Bank has produced more income but less profits on a non-consolidated basis YOY.
Total income has gone up from Rs.3831.15 Cr in FY 09 to Rs.4204.14 Cr in FY 10, based on higher interest earned. But, the interest expended is equally higher and therefore, Net profit has come down from Rs.500.49 Cr to Rs.464.55 Cr.
This has dragged down the EPS from 29.26 in FY 09 to Rs.27.16 in FY 10 on a face value of Rs.10. At the currnet price of Rs.281, the PE Ratio comes to 10.16. Since there is no appreciable improvement in performance, next quarter needs to be watched.
Dividend (%) has been maintained as the same at 50% - as last year.
Capital adequacy ratio has come down from 20.14 in FY 09 to 17.27 in FY 10
% of Gross/Net NPA has gone up from 0.03 in FY 09 to 0.48 in FY 10.
Return on Assets has also come down from 1.48 to 1.15 YOY.
The consolidated annual figures and the 4th quarter figures are mentioned in announcements below.
Further performance needs watch.
RESULTS IN FIGURES
Fy 08-09 ::Description :: 09-10(in lakhs)
256425 Interest on Advances/Bills :: 284973
70027 Income on Investments :: 78341
3666 Interest on Balances With RBI :: 2985
1420 Others :: 1024
331538 Interest Earned :: 367323
51577 Other Income :: 53091
383115 Total Income :: 420414
199992 Interest Expended :: 226240
31745 Employees cost :: 36605
25400 Other Operating Expenses :: 31084
57145 Operating Expenses :: 67689
257137 Total Expenditure :: 293929
125978 Operating Profit :: 126485
46677 Provisions :: 40530
79301 P B T :: 85955
29252 Tax Expense :: 39500
50049 P A T :: 46455
50049 Net Profit :: 46455
50 Dividend (%) :: 50
10 Face Value (in Rs.):: 10
17103 Paid-up Equity :: 17103
414874 Reserves :: 451355
20.14 Capital Adequacy Ratio :: 17.27
29.26 Basic EPS :: (in Rs.)::27.16
29.26 Diluted EPS :: 27.16
0.3 % of Gross/Net NPA :: 0.48
1.48 Return on Assets :: 1.15
ANNOUNCEMENTS TO THE EXCHANGE
14-05-2010 The Federal Bank Limited has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 14, 2010 have recommended a Dividend of Rs. 5/- per equity shares (50% on Equity Shares).
14-05-2010 The Federal Bank Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 367324 lacs for the year ending on 31-MAR-2010 against Rs. 331538 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 226177 lacs for the year ending on 31-MAR-2010 against Rs. 199924 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 43967 lacs for the year ending on 31-MAR-2010 against Rs. 47201 lacs for the year ending on 31-MAR-2009. -
14-05-2010 The Federal Bank Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 367323 lacs for the year ending on 31-MAR-2010 against Rs. 331538 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 226240 lacs for the year ending on 31-MAR-2010 against Rs. 199992 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 46455 lacs for the year ending on 31-MAR-2010 against Rs. 50049 lacs for the year ending on 31-MAR-2009. -
14-05-2010 The Federal Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 95314 lacs for the quarter ending on 31-MAR-2010 against Rs. 86574 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 54345 lacs for the quarter ending on 31-MAR-2010 against Rs. 54484 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 11685 lacs for the quarter ending on 31-MAR-2010 against Rs. 11417 lacs for the quarter ending on 31-MAR-2009.
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