Federal Bank Ltd The - 1st Quarter Results

Federal Bank

14/08/2025 08:08

RNS Number : 3335V

Federal Bank Ltd (The)

14 August 2025

 

SD/LSE/188/2025-26                                                                                                         14.08.2025

 

                                              

To

The London Stock Exchange

10 Paternoster Square

London

 

Dear Sir,

 

We enclose herewith the Un-Audited Standalone and Consolidated Financial Results of the Bank for the Quarter ended June 30, 2025 which was approved at the Bank's Board of Directors meeting held on August 02, 2025.

 

 

Kindly take the same on your record.

 

 

 

For The Federal Bank Limited

 

Sd/-

 

Samir P Rajdev

Company Secretary

 

 

 

 

M S K A & Associates
Suri & Co
602, Floor 6, Raheja Titanium
Guna Complex, No.443 & 445,
Western Express Highway, Geetanjali,
4th Floor Main Building,
Railway Colony, Ram Nagar, Goregaon (E),
Anna Salai, Teynampet,
Mumbai 400 063.
Chennai 600 018.

 

 

Independent Auditor's Review Report on standalone unaudited financial results for the quarter ended June 30, 2025 of The Federal Bank Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

 

The Board of Directors of

The Federal Bank Limited

 

1. We have reviewed the accompanying statement of standalone unaudited financial results of The Federal Bank Limited ('the Bank') for the quarter ended June 30, 2025 ('the Statement') attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Regulations') except for the disclosures relating to Pillar 3 as at June 30, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Note 7 to the Statement and have not been reviewed by us.

 

2. The Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'Interim Financial Reporting' ('AS 25') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with relevant rules issued thereunder, in so far as they apply to the Bank, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines, directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI Guidelines') and other recognized accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

 

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review consists of making inquiries primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing under Section 143 (10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

 

4. Based on our review, conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed or that it contains material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Pillar 3 as at June 30, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Note 7 to the Statement and have not been reviewed by us.

 

 

 

ForM S K A & Associates
ForSuri & Co
Chartered Accountants
Chartered Accountants
ICAI Firm Registration Number: 105047W
ICAI Firm Registration Number:004283S
Sd/-
Sd/-
Swapnil Kale
G. Rengarajan
Partner
Partner
Membership Number: 117812
Membership Number: 219922
UDIN: 25117812BMNUYJ9655
UDIN:25219922BMISYO6021
Mumbai
Mumbai
August 02, 2025
August 02, 2025

 

 

 

 

 

 

M S K A & Associates
Suri & Co
602, Floor 6, Raheja Titanium
Guna Complex, No.443 & 445,
Western Express Highway, Geetanjali,
4th Floor Main Building,
Railway Colony, Ram Nagar, Goregaon (E),
Anna Salai, Teynampet,
Mumbai 400 063.
Chennai 600 018.

 

Independent Auditor's Review Report on consolidated unaudited financial results for the quarter ended June 30, 2025 of The Federal Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

 

The Board of Directors of

The Federal Bank Limited

 

1.  We have reviewed the accompanying statement of consolidated unaudited financial results of The Federal Bank Limited ('the Bank') and its subsidiaries (the Bank and its subsidiaries together referred to as 'the Group'), and its share of the net profit after tax of its associate for the quarter ended June 30, 2025 ('the Statement'), being submitted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations') except for the disclosures relating to Pillar 3 as at June 30, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 6 of the Statement and have not been reviewed by us.

 

2.  This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'Interim Financial Reporting' ('AS 25'), prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules thereunder, in so far as they apply to the Bank, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines, directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI Guidelines') and other recognized accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

 

3.  We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

 

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Regulations, to the extent applicable.

 

4.  The Statement includes the Financial results of the Bank and the following entities:

 

Sr. No
Name of the Entity
Relationship with the Bank
a
Fedbank Financial Services Limited
Subsidiary
b
Federal Operations and Services Limited
Subsidiary
c
Ageas Federal Life Insurance Company Limited
Associate

 

5.  Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down AS 25 prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters except for the disclosures relating to Pillar 3 as at June 30, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 6 to the Statement and have not been reviewed by us.

 

6.  We did not review the interim financial results of two subsidiaries included in the Statement, whose interim financial results reflect total revenue of Rs. 57,727 Lakhs and total net profit after tax of Rs. 8,502 Lakhs for the quarter ended June 30, 2025, as considered in the Statement. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Bank's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

 

7.  The Statement also includes the Group's share of net profit after tax of Rs. 382 Lakhs for the quarter ended June 30, 2025, as considered in the Statement, in respect of its associate, based on its interim financial result which have been reviewed by other auditors. The interim financial result has been reviewed by other auditors whose reports have been furnished to us by the Bank's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of its associate, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above.

 

8.  The following other matter paragraph has been included in the review report on the unaudited condensed interim financial result of Ageas Federal Life Insurance Company Limited ('the Company'), an associate of the Bank, issued by their auditors vide their report dated July 29, 2025:

 

"The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued, but liability exists and the determination of discontinuance charge to be deducted from the discontinued policies of linked business to be held as 'funds for future appropriations' until the exit of the policy due to expiry of revival period or due to death of the life assured or expiry of the lock-in period as applicable, as at 30 June 2025 is the responsibility of the Appointed Actuary of the Company ('the Appointed Actuary'), which has been duly certified by the Appointed Actuary. In the opinion of Appointed Actuary, the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority of India ('IRDAI') and the Institute of Actuaries of India, in concurrence with the IRDAI. We have relied upon Appointed Actuary's certificate in this regard for forming our conclusion on the valuation of liabilities for life policies in force and force policies in respect of which premium has been discontinued but liability exists in condensed interim financial statements of the Company."

 

Our conclusion on the Statement is not modified in respect of the matters mentioned in paragraphs 6 to 8 above.

 

ForM S K A & Associates
ForSuri & Co
Chartered Accountants
Chartered Accountants
ICAI Firm Registration Number: 105047W
ICAI Firm Registration Number:004283S
Sd/-
Sd/-
Swapnil Kale
G. Rengarajan
Partner
Partner
Membership Number: 117812
Membership Number: 219922
UDIN: 25117812BMNUYI9823
UDIN:25219922BMISYN1309
Mumbai
Mumbai
August 02, 2025
August 02, 2025


 

 

 

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025
(₹ in Lakhs)
Particulars
Quarter ended
30.06.2025
31.03.2025
30.06.2024
31.03.2025
Unaudited
Audited
 (Refer Note
 10 below)
Unaudited
Audited
1. Interest earned (a)+(b)+(c)+(d)
6,68,663
6,64,836
6,33,088
26,36,525
(a)
Interest/discount on advances/bills
5,32,289
5,28,482
5,02,614
21,01,662
(b)
Income on investments
1,13,462
1,15,042
1,10,825
4,54,182
(c)
Interest on balances with Reserve Bank of India and other inter bank funds
15,063
11,984
10,269
44,300
(d)
Others
7,849
9,328
9,380
36,381
2. Other income (Refer note 4)
1,11,298
1,00,595
91,518
3,80,125
3. TOTAL INCOME (1+2)
7,79,961
7,65,431
7,24,606
30,16,650
4. Interest expended
4,34,980
4,27,092
4,03,890
16,89,726
5. Operating expenses (i)+(ii)
1,89,352
1,91,799
1,70,625
7,16,811
(i)
Employees cost
79,761
78,384
73,972
3,08,828
(ii)
Other operating expenses
1,09,591
1,13,415
96,653
4,07,983
6. TOTAL EXPENDITURE (4+5)(excluding provisions and contingencies)
6,24,332
6,18,891
5,74,515
24,06,537
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies)
1,55,629
1,46,540
1,50,091
6,10,113
8. Provisions (other than tax) and contingencies
40,016
13,811
14,427
73,306
9. Exceptional items
-
-
-
-
10. Profit from Ordinary Activities before tax
 (7-8-9)
1,15,613
1,32,729
1,35,664
5,36,807
11. Tax expense
29,438
29,706
34,711
1,31,618
12. Net Profit from Ordinary Activities after tax (10-11)
86,175
1,03,023
1,00,953
4,05,189
13. Extraordinary items (net of tax expense)
-
-
-
-
14. Net Profit for the period (12-13)
86,175
1,03,023
1,00,953
4,05,189
15. Paid-up Equity Share Capital
 (Face value ₹ 2/- per Equity Share)
49,142
49,117
48,953
49,117
16. Reserves excluding Revaluation Reserve
32,92,444
17. Analytical Ratios and Other Disclosures:
(i)
Percentage of shares held by Government of India
NIL
NIL
NIL
NIL
(ii)
Capital Adequacy ratio (%) (Refer note 5)
Under Basel III
16.03
16.40
15.57
16.40
(iii)
Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items)
3.51*
4.20*
4.14*
16.54
(b) Diluted EPS (before and after extraordinary items)
3.47*
4.16*
4.09*
16.37
(iv)
NPA Ratios
a) Gross NPA
4,66,966
4,37,554
4,73,835
4,37,554
b) Net NPA
1,15,764
1,04,038
1,33,044
1,04,038
c) % of Gross NPA
1.91
1.84
2.11
1.84
d) % of Net NPA
0.48
0.44
0.60
0.44
(v)
Return on Assets (%)
0.25*
0.31*
0.32*
1.23
(vi)
Net Worth
33,99,408
33,12,164
30,30,084
33,12,164
(vii)
Outstanding Redeemable Preference Shares
NIL
NIL
NIL
NIL
(viii)
Capital Redemption Reserve
NIL
NIL
NIL
NIL
(ix)
Debenture Redemption Reserve
NIL
NIL
NIL
NIL
(x)
Debt - Equity Ratio #
0.57
0.71
0.71
0.71
(xi)
Total Debts to Total Assets #
5.60%
6.80%
6.62%
6.80%
(xii)
Operating Margin
19.95%
19.14%
20.71%
20.22%
(xiii)
Net Profit Margin
11.05%
13.46%
13.93%
13.43%
*Not Annualised
#Debt and Total Debts represents Total Borrowings of the Bank


 

 

 

 

Segment Information@
(₹ in Lakhs)
Particulars
Quarter ended
30.06.2025
31.03.2025
30.06.2024
31.03.2025
Unaudited
Audited
 (Refer Note
 10 below)
Unaudited
Audited
1) Segment Revenue:
Treasury
1,93,854
1,68,255
1,64,162
6,70,972
Corporate/Wholesale Banking
3,10,607
2,81,804
2,83,880
11,72,425
Retail Banking
7,66,770
7,85,296
7,28,717
30,49,898
a) Digital Banking
83,616
82,321
65,846
2,92,497
b) Other Retail Banking
6,83,154
7,02,975
6,62,871
27,57,401
Other Banking operations
7,294
8,665
4,606
26,854
Unallocated
278
1,866
204
2,630
Total Revenue
12,78,803
12,45,886
11,81,569
49,22,779
Less: Inter Segment Revenue
4,98,842
4,80,455
4,56,963
19,06,129
Income from Operations
7,79,961
7,65,431
7,24,606
30,16,650
2) Segment Results (net of provisions):
Treasury
38,277
24,626
25,598
95,246
Corporate/Wholesale Banking
48,597
68,792
50,008
2,29,747
Retail Banking
22,263
30,080
55,939
1,86,358
a) Digital Banking
2,721
(1,237)
6,438
(466)
b) Other Retail Banking
19,542
31,317
49,501
1,86,824
Other Banking operations
6,200
7,365
3,915
22,826
Unallocated
276
1,866
204
2,630
Profit before tax
1,15,613
1,32,729
1,35,664
5,36,807
3) Segment Assets:
Treasury
99,03,289
1,01,36,265
94,25,277
1,01,36,265
Corporate/Wholesale Banking
1,20,50,649
1,16,85,188
1,06,47,727
1,16,85,188
Retail Banking
1,30,33,422
1,27,92,131
1,24,49,919
1,27,92,131
a) Digital Banking
7,79,886
7,45,633
8,18,579
7,45,633
b) Other Retail Banking
1,22,53,536
1,20,46,498
1,16,31,340
1,20,46,498
Other Banking operations
4,646
3,167
3,989
3,167
Unallocated
3,37,760
2,83,729
2,70,182
2,83,729
Total
3,53,29,766
3,49,00,480
3,27,97,094
3,49,00,480
4) Segment Liabilities:
Treasury
33,79,120
37,98,141
34,36,888
37,98,141
Corporate/Wholesale Banking
39,87,736
36,98,393
33,58,804
36,98,393
Retail Banking
2,43,71,697
2,39,35,364
2,28,32,037
2,39,35,364
a) Digital Banking
20,16,844
19,13,636
17,20,899
19,13,636
b) Other Retail Banking
2,23,54,853
2,20,21,728
2,11,11,138
2,20,21,728
Other Banking operations
18
25
21
25
Unallocated
1,49,207
1,26,495
1,12,924
1,26,495
Total
3,18,87,778
3,15,58,418
2,97,40,674
3,15,58,418
5) Capital Employed
34,41,988
33,42,062
30,56,420
33,42,062
6) Total (4 + 5)
3,53,29,766
3,49,00,480
3,27,97,094
3,49,00,480
@
For the above segment reporting, the reportable segments are identified as Treasury, Corporate/Wholesale Banking, Retail Banking (with Digital Banking and Other Retail Banking as sub-segments) and Other Banking Operations in compliance with the Reserve Bank of India (RBI) guidelines.

 The business operations of the Bank are substantially concentrated in India and for the purpose of Segment Reporting as per Accounting Standard-17, the Bank is considered to operate only in domestic segment.

 The Bank has made improvements to the internal transfer pricing methodology aligning to matched maturities for better presentation of the segment information effective from April 01, 2025. Correspondingly the segment information for previous quarters / year have been regrouped / reclassified to conform to current quarter's presentation. This change in segment information does not impact the segment identification, overall Revenue, Results, Assets, Liabilities and Capital Employed of the Bank for the quarter ended June 30, 2025, or for the previous quarters / year.
Notes:
1
The above Standalone Unaudited Financial Results for the quarter ended June 30, 2025 were approved by the Board of Directors at its meeting held on August 02, 2025. These financial results have been subjected to limited review by the Joint Statutory Auditors of the Bank and an unmodified review report has been issued.
2
The above Financial Results of the Bank have been prepared in accordance with the provisions of the Banking Regulation Act, 1949, Generally Accepted Accounting Principles in India, including Accounting Standards as specified under Section 133 of the Companies Act, 2013, Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, as amended, in so far as they apply to Bank, and the guidelines issued by the RBI.
3
The Bank has applied significant accounting policies in the preparation of these Financial Results consistent with those followed in the annual financial statements for the year ended March 31, 2025. Any circular / direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required as per that circular / direction.
4
Other income includes fees earned from providing services to customers, commission from non-fund-based banking activities, earnings from foreign exchange and derivative transactions, selling of third-party products, profit / loss on sale of investments , profit / loss on revaluation of investments, dividend received from subsidiaries / associate, recoveries from advances written off, etc.
5
The Capital Adequacy Ratio is computed on the basis of the RBI guidelines applicable on the relevant reporting dates and the ratio for the corresponding previous period is not adjusted to consider the impact of subsequent changes if any, in the guidelines.
6
During the quarter ended June 30, 2025, the Bank has allotted 12,52,627 equity shares of ₹2 each, pursuant to the exercise of stock options by employees.
7
As per extant the RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel III Capital Regulations. Accordingly, such applicable disclosures have been placed on the website of the Bank which can be accessed at the following link: https://www.federalbank.co.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank.
8
Disclosures as per 'Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021' dated September 24, 2021, and as amended thereafter, for the loans transferred / acquired during the quarter ended June 30, 2025 are given below:
i) During the quarter ended June 30, 2025, the Bank has neither acquired nor transferred any loans not in default or stressed loans or Special Mention Accounts (SMA).
ii) During the quarter ended June 30, 2025, the Bank has not invested in Security Receipts (SR) issued by an Asset Reconstruction Company (ARC) pursuant to transfer of Non-Performing asset to ARC. Details of the recovery ratings assigned to Security Receipts outstanding as on June 30, 2025 are given below:
(₹ in Lakhs)
Rating
Recovery Rating
Gross Book Value
Provision Held
Net Book Value
RR1
100%-150%
481.50
-
481.50
Total
481.50
-
481.50
9
During the quarter ended December 31, 2024, the Bank sold 61,50,000 equity shares of Equirus Capital Private Limited (ECPL), an associate entity of the Bank. Following the sale, the shareholders' agreement between the Bank, ECPL, and the promoter of ECPL was terminated and ECPL ceased to be an associate entity of the Bank with effect from November 15, 2024.
10
The figures for the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the financial year 2024-25 and the published year to date figures upto December 31, 2024, which were subjected to limited review.
11
Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification.
KRISHNAN VENKAT SUBRAMANIAN
Mumbai
MANAGING DIRECTOR & CEO
August 02, 2025
(DIN: 00031794)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025
(₹ in Lakhs)
Particulars
Quarter ended
30.06.2025
31.03.2025
30.06.2024
31.03.2025
Unaudited
Audited
 (Refer Note
 7 below)
Unaudited
Audited
1. Interest earned (a)+(b)+(c)+(d)
7,15,084
7,10,795
6,72,760
28,10,608
(a)
Interest/discount on advances/bills
5,78,366
5,73,998
5,41,918
22,74,481
(b)
Income on investments
1,13,342
1,14,982
1,10,722
4,53,799
(c)
Interest on balances with Reserve Bank of India and other inter bank funds
15,063
11,985
10,269
44,301
(d)
Others
8,313
9,830
9,851
38,027
2. Other income (Refer note 5)
1,16,449
1,04,734
93,605
3,92,417
3. TOTAL INCOME (1+2)
8,31,533
8,15,529
7,66,365
32,03,025
4. Interest expended
4,53,962
4,45,647
4,21,153
17,63,127
5. Operating expenses (i)+(ii)
2,06,867
2,10,241
1,87,490
7,89,195
(i)
Employees cost
91,028
90,719
84,625
3,54,521
(ii)
Other operating expenses
1,15,839
1,19,522
1,02,865
4,34,674
6. TOTAL EXPENDITURE (4+5)(excluding provisions and contingencies)
6,60,829
6,55,888
6,08,643
25,52,322
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies)
1,70,704
1,59,641
1,57,722
6,50,703
8. Provisions (other than tax) and contingencies
43,721
16,282
17,288
91,920
9. Exceptional items
-
-
-
-
10. Profit from Ordinary Activities before tax
 (7-8-9)
1,26,983
1,43,359
1,40,434
5,58,783
11. Tax expense
32,306
32,528
36,432
1,38,634
12. Net Profit from Ordinary Activities after tax (10-11)
94,677
1,10,831
1,04,002
4,20,149
13. Extraordinary items (net of tax expense)
-
-
-
-
14. Net Profit for the period (12-13)
94,677
1,10,831
1,04,002
4,20,149
15. Minority interest
3,227
2,954
1,992
7,517
16. Share in Profit of Associates
382
1,217
741
3,253
17. Consolidated Net Profit of the group
 (14-15+16)
91,832
1,09,094
1,02,751
4,15,885
18. Paid-up Equity Share Capital
 (Face value ₹ 2/- per Equity Share)
49,142
49,117
48,953
49,117
19. Reserves excluding Revaluation Reserve
34,04,215
20. Analytical Ratios and Other Disclosures:
(i)
Percentage of shares held by Government of India
NIL
NIL
NIL
NIL
(ii)
Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items)
3.74*
4.44*
4.21*
16.98
(b) Diluted EPS (before and after extraordinary items)
3.70*
4.40*
4.16*
16.80
*Not Annualised


 

 

 

 

 

Segment Information@
(₹ in Lakhs)
Particulars
Quarter ended
30.06.2025
31.03.2025
30.06.2024
31.03.2025
Unaudited
Audited
 (Refer Note
 7 below)
Unaudited
Audited
1) Segment Revenue:
Treasury
1,94,717
1,69,189
1,63,001
6,69,620
Corporate/Wholesale Banking
3,08,484
2,79,657
2,81,775
11,63,963
Retail Banking
8,17,234
8,34,762
7,71,545
32,38,694
a) Digital Banking
83,616
82,320
65,846
2,92,497
b) Other Retail Banking
7,33,618
7,52,442
7,05,699
29,46,197
Other Banking operations
9,663
10,509
6,719
34,163
Unallocated
277
1,866
288
2,714
Total Revenue
13,30,375
12,95,983
12,23,328
51,09,154
Less: Inter Segment Revenue
4,98,842
4,80,454
4,56,963
19,06,129
Income from Operations
8,31,533
8,15,529
7,66,365
32,03,025
2) Segment Results (net of provisions):
Treasury
39,719
26,133
25,017
96,214
Corporate/Wholesale Banking
48,556
68,620
49,840
2,29,183
Retail Banking
30,139
41,591
60,082
2,09,145
a) Digital Banking
2,721
(1,237)
6,438
(466)
b) Other Retail Banking
27,418
42,828
53,644
2,09,611
Other Banking operations
8,293
5,150
5,207
21,527
Unallocated
276
1,865
288
2,714
Profit before tax
1,26,983
1,43,359
1,40,434
5,58,783
3) Segment Assets:
Treasury
98,98,168
1,01,33,992
94,56,845
1,01,33,992
Corporate/Wholesale Banking
1,19,48,914
1,15,76,113
1,05,46,939
1,15,76,113
Retail Banking
1,42,67,306
1,40,25,857
1,35,35,722
1,40,25,857
a) Digital Banking
7,79,886
7,45,633
8,18,579
7,45,633
b) Other Retail Banking
1,34,87,420
1,32,80,224
1,27,17,143
1,32,80,224
Other Banking operations
5,209
3,352
4,668
3,352
Unallocated
3,29,830
2,75,877
2,65,514
2,75,877
Total
3,64,49,427
3,60,15,191
3,38,09,688
3,60,15,191
4) Segment Liabilities:
Treasury
34,26,143
38,49,103
35,24,334
38,49,103
Corporate/Wholesale Banking
39,80,728
36,92,572
33,58,314
36,92,572
Retail Banking
2,52,46,718
2,48,09,367
2,35,73,952
2,48,09,367
a) Digital Banking
20,16,844
19,13,636
17,20,899
19,13,636
b) Other Retail Banking
2,32,29,874
2,28,95,731
2,18,53,053
2,28,95,731
Other Banking operations
196
195
351
195
Unallocated
1,41,277
1,18,643
1,08,255
1,18,643
Total
3,27,95,062
3,24,69,880
3,05,65,206
3,24,69,880
5) Capital Employed
36,54,365
35,45,311
32,44,482
35,45,311
6) Total (4 + 5)
3,64,49,427
3,60,15,191
3,38,09,688
3,60,15,191
@
For the above segment reporting, the reportable segments are identified as Treasury, Corporate/Wholesale Banking, Retail Banking (with Digital Banking and Other Retail Banking as sub-segments) and Other Banking Operations in compliance with the Reserve Bank of India (RBI) guidelines.

 The business operations of the Bank are substantially concentrated in India and for the purpose of Segment Reporting as per Accounting Standard-17, the bank is considered to operate only in domestic segment.

 The Bank has made improvements to the internal transfer pricing methodology aligning to matched maturities for better presentation of the segment information effective from April 01, 2025. Correspondingly the segment information for previous quarters / year have been regrouped / reclassified to conform to current quarter's presentation. This change in segment information does not impact the segment identification, overall Revenue, Results, Assets, Liabilities and Capital Employed of the Bank for the quarter ended June 30, 2025, or for the previous quarters / year.
Notes:
1
The above Consolidated Unaudited Financial Results for the quarter ended June 30, 2025 were approved by the Board of Directors at its meeting held on August 02, 2025. These financial results have been subjected to limited review by the Joint Statutory Auditors of the Bank and an unmodified review report has been issued.
2
The above Financial Results of the group have been prepared in accordance with the provisions of the Banking Regulation Act, 1949, Generally Accepted Accounting Principles in India, including Accounting Standards as specified under Section 133 of the Companies Act, 2013, Regulation 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, as amended and the guidelines issued by the RBI.
3
The Consolidated Financial Results of the Group comprise the financial results of The Federal Bank Limited and its subsidiaries viz. Fedbank Financial Services Limited & Federal Operations and Services Limited and its associate Ageas Federal Life Insurance Company Limited.

 During the quarter ended December 31, 2024, the Bank sold 61,50,000 equity shares of Equirus Capital Private Limited (ECPL), an associate entity of the Bank. Following the sale, the shareholders' agreement between the Bank, ECPL, and the promoter of ECPL was terminated and ECPL ceased to be an associate entity of the Bank with effect from November 15, 2024.
4
There has been no material change in the significant accounting policies applied in the preparation of these financial results with those followed in the annual financial statements for the year ended March 31, 2025.
5
Other income includes fees earned from providing services to customers, commission from non-fund-based banking activities, earnings from foreign exchange and derivative transactions, selling of third-party products, profit / loss on sale of investments, profit / loss on revaluation of investments, recoveries from advances written off, etc.
6
As per extant RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio , liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel III Capital Regulations. Accordingly, such applicable disclosures have been placed on the website of the Bank which can be accessed at the following link: https://www.federalbank.co.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank.
7
The figures for the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the financial year 2024-25 and the published year to date figures upto December 31, 2024, which were subjected to limited review.
8
Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification.
KRISHNAN VENKAT SUBRAMANIAN
Mumbai
MANAGING DIRECTOR & CEO
August 02, 2025
(DIN: 00031794)


 

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