Federal Bank delivers highest ever operating profit at Rs. 583 Cr

Mumbai, October 19, 2017: Federal Bank announced the Unaudited Financial Results for the quarter ended 30^th September 2017. The key highlights of the results on a Y-o-Y basis are as follows:

Ø Net profit grows by 31%,at Rs.264 Cr

Ø Total Business increases by 17.80%

Ø Asset quality improves significantly, GNPA at 2.39% & NNPA at 1.32%

Ø Retail deposits grow by 16%

Ø NRE Deposits increases by 17.86%

Ø CASA grows by 19.52%

Ø Total Advances increases by 24.54%

Ø Retail Advances grows by 16.51%

Ø Wholesale Advances grows 35.63%

WORKING RESULTS AT A GLANCE

(Rs.in Crore)

Balance Sheet

The Total Business of the Bank registered a Y-o-Y growth of 17.80% to reach Rs. 177856.63 Cr as on 30^th September 2017, backed by a solid growth of 24.54% in gross advances. Total Advances grew from Rs.65439.31 Cr to Rs.81496.54 Cr. The Total Deposits increased from Rs.86299.10 Cr to Rs. 97210.75 as on 30^th September 2017, registering a growth of 12.64%.

NRE Deposits of the Bank registered a 17.86% growth from Rs.32459.20 Cr to Rs.38255.82 Cr. CASA Deposits grew by 19.52 % Y-o-Y to reach Rs. 32015.57 Cr.

On the Asset side, wholesale advances grew by 35.63% to reach Rs.32175.41 Cr. Retail Advances clocked a growth of 16.51%. SME Advances grew by 18.02% from Rs.14955.28 Cr to Rs.17650.78 Cr as on 30^th September 2017. Housing Loan registered a Y-o-Y growth of 20.71% from Rs.8350.60 Cr to Rs.10080.22.

Operating Profit & Net Profit

The Bank registered an Operating Profit of Rs.583.20 Cr. and a Net Profit of Rs. 263.70 Cr. for the quarter ended 30^th September 2017. Net profit grows by 31.04% as compared to the corresponding quarter last year. The Operating Profit and Net Profit for the half year ended 30^th September 2017 stood at Rs. 1141.06 Cr and Rs.473.85 Cr respectively.

Margins

The Bank earned a Net Interest Income of Rs.898.91 Cr for the quarter ended 30^th September 2017. Net Interest Margin stood at 3.31% as on 30 ^th September 2017.

Asset Quality

The Gross NPA of the Bank as at the end of Q2FY18 stood at Rs.1948.97Cr, which as a percentage to Gross Advances stood at 2.39%. The Net NPA and the Net NPA as a percentage to Net Advances as on 30^th September 2017 stood at Rs.1066.38Cr and 1.32% respectively. The Provision Coverage Ratio (including technical write-offs) is 70.32%.

NET WORTH & CAPITAL ADEQUACY

The Net worth of the bank increased from Rs.8366.91Cr to Rs.11647.32Cr, as on 30^th September 2017. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 14.63% as at the end of the quarter.

Footprint

The Bank has 1252 branches and 1678 ATMs as on 30^th September 2017.

Q2FY17 Vs Q2FY18

• Total Deposits increased by 12.64% from Rs.86299.10 Cr to Rs.97210.75.
• Savings deposits grew by 21.15% to reach Rs.27155.49 Cr
• CASA grew by 19.52% to reach Rs.32015.57 Cr
• CASA ratio at 32.93%.
• NRE deposits grew by 17.86% to reach Rs.38255.82 Cr.
• Advances increased by 24.54% from Rs.65439.31 Cr to Rs.81496.54.
• Wholesale Advances increased by 35.63% from Rs.23721.58 to Rs.32175.41 Cr.
• Retail advances grows by 16.51% to reach Rs.23255.62 Cr.
• SME Advances registered a growth of 18.02% to reach Rs.17650.78 Cr.
• Investments stood at Rs.26317.50 Cr.
• Book Value per share increased to Rs.59.59 from Rs.48.63.

MAJOR FINANCIAL INDICATORS (Standalone nos.)

(Rs. in Crore)