14th Aug 2025 08:08
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(Refer Note10 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 Note10 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 Note7 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@ |
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(₹ in Lakhs) | |||||
Particulars | Quarter ended |
| |||
30.06.2025 | 31.03.2025 | 30.06.2024 | 31.03.2025 | ||
Unaudited | Audited(Refer Note7 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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