Federal Bank Ltd. Brokerage/Research Reports, analyst Research Reports (2024)

Broker Report

FEDERAL BANK Ltd.

Hem Securities

Broker Report

Federal Bank Ltd.

Keynote Capitals Ltd

Quarterly Update Q1FY25

Broker Report

FEDERAL BANK LTD.

Prabhudas Lilladhar

Broker Report

Result Update:Federal Bank

Axis Direct

We maintain our BUY recommendation on the stock.

Broker Report

Federal Bank: Q1FY25 Result Review

IDBI Capital

Broker Report

Farewell quarter (MD&CEO); appointment of a credible banker holds promise

ICICI Securities Limited

Federal Bank reported strong Q1FY25 result with PAT of INR 10.1bn (up 18% YoY; 8% beat), driven by 15% YoY rise in operating earnings and 7% YoY decline in provisioning. RoA improved QoQ to 1.27%.

Broker Report

Federal Bank

ICICI Direct

Broker Report

Strong growth/RoA delivery; hopes abound, on new MD

Emkay

Federal Bank has posted strong credit growth of 20% YoY, defying industrywide moderation; but margin slipped a bit, as expected, by 5bps QoQ to 3.15% as loan yields remain stunted.

Broker Report

Steady Q1, outlook bright

Sharekhan

Q1FY25 numbers were steady. Net interest income (NII) grew by 20% y-o-y/4% q-o-q led by healthy
net advances growth. Net interest margin (NIMs) fell marginally by 5 bps q-o-q to 3.16%.

Broker Report

Steady quarter; asset quality remains stable

Motilal Oswal

Federal Bank (FB) reported a 4% beat on PAT at INR10.1b fueled by controlled provisions and healthy other income.

Broker Report

FY25 begins on a strong note

Sharekhan

Federal Bank sustained a strong loan growth of 20% y-o-y/5% q-o-q in Q1FY25, despite seasonally a weak quarter and expectation of marginally slowdown in business momentum. Retail advances grew by 25% y-o-y, while wholesale loans grew by 14% y-o-y segment.

Broker Report

FEDERAL BANK Ltd.

Hem Securities

Broker Report

FEDERAL BANK LIMITED

Geojit BNP Paribas

Broker Report

Federal Bank

ICICI Direct

Broker Report

Q4 a mixed bag, succession in progress

Sharekhan

Federal Bank reported an RoA/RoE at 1.2% /12.8%, respectively. Earnings growth were flat y-o-y led by higher opex (due to one-off provisions on account of wage settlement) offset by write-back of loan loss provisions.

Broker Report

Result Update:Federal Bank

Axis Direct

Recommendation: We maintain our BUY recommendation on the stock.

Broker Report

FEDERAL BANK LTD.

Prabhudas Lilladhar

Broker Report

Federal Bank Ltd.

Keynote Capitals Ltd

Quarterly Update Q4FY24

Broker Report

Federal Bank: Q4FY24 Result Review

IDBI Capital

Broker Report

Decent quarter, ~1.2% RoA sustainable; maintaining a Buy

Anand Rathi

The ~1.6bn wage revision-related expenses piled pressure on Federal
Bank’s operating profits, but, provision write-backs aided profitability,
with the RoA at 1.22% (down 17bps q/q).