REG - Federal Bank Ltd The - 1st Quarter Results
14/08/2025 08:15
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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.
For M S K A & Associates For Suri & 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.
For M S K A & Associates For Suri & 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 Unaudited Audited
(Refer Note
10 below)
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) 6,24,332 6,18,891 5,74,515 24,06,537
(excluding provisions and contingencies)
7. OPERATING PROFIT (3-6) 1,55,629 1,46,540 1,50,091 6,10,113
(Profit before provisions and contingencies)
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 1,15,613 1,32,729 1,35,664 5,36,807
(7-8-9)
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 49,142 49,117 48,953 49,117
(Face value ₹ 2/- per Equity Share)
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
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 Unaudited Audited
(Refer Note
10 below)
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 Unaudited Audited
(Refer Note
7 below)
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) 6,60,829 6,55,888 6,08,643 25,52,322
(excluding provisions and contingencies)
7. OPERATING PROFIT (3-6) 1,70,704 1,59,641 1,57,722 6,50,703
(Profit before provisions and contingencies)
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 1,26,983 1,43,359 1,40,434 5,58,783
(7-8-9)
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 91,832 1,09,094 1,02,751 4,15,885
(14-15+16)
18. Paid-up Equity Share Capital 49,142 49,117 48,953 49,117
(Face value ₹ 2/- per Equity Share)
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
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 Unaudited Audited
(Refer Note
7 below)
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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