Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 21246.30 Crore).
Federal Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4013.46 Crore, down -3.24 % from last quarter Total Income of Rs 4147.77 Crore and down -2.85 % from last year same quarter Total Income of Rs 4131.32 Crore. The bank reported net profit after tax of Rs 499.42 Crore in latest quarter.
Investment Rationale
The brokerage feels that investors can buy Federal bank at the LTP of Rs.101.1 (1.02x Sep-23E ABV) and add on dips to Rs.90.25 (0.91x Sep-23E ABV) band. The brokerage expects the Base case fair value of Rs.111.5 (1.12x Sep-23E ABV) and the Bull case fair value of Rs.124 (1.25x Sep-23E ABV) over the next 2 quarters.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 25.92 per cent, DIIs 42.54 per cent.
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