NSE: FEDERALBNK · BSE: 500469
FEDERAL BANK LTD
Earns revenue through lending and related banking services, split across retail, corporate and treasury operations. In the nine-month period ending December 2024, retail banking (other retail) accounted for 49.8% of segment revenue at Rs 11,213.4 cr, corporate/wholesale banking 28.0% at Rs 6,311.62 cr, treasury 15.3% at Rs 3,432.84 cr, and digital banking 6.1% at Rs 1,369.67 cr. The bank carries 1,640 offices and 16,941 employees serving 18.10 million customers. In Q1 FY27, net profit came in at Rs 1,176.93 cr (+36.57% YoY) on net interest income of Rs 2,945.89 cr, with deposits up 11.37% and advances up 14.94%. Asset quality was at a decadal best with GNPA at 1.52% and NNPA at 0.18%, and credit cost at 41 bps. The bank carries a capital adequacy ratio of 16.97% and received its first international rating from S&P at BBB-/A-3. It is acquiring Standard Chartered India's credit card portfolio, has entered leveraged FCNR deposits via GIFT City IBU, and is taking a Rs 6,200 crore Blackstone preferential issue for a 9.99% stake. Green loans stood at Rs 10,489 cr and 14.30 lakh women entrepreneurs were financed through the business correspondent channel. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking - Other Retail (50%), Corporate/Wholesale Banking (28%), Treasury (15%), Retail Banking - Digital (6%), Other Banking Operations (1%). Private sector bank with retail-led franchise, corporate lending and treasury operations
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 1,970 | 3,165 | 3,880 | 4,159 | 4,345 |
| EPS, as reported (₹) | 9.52 | 15.01 | 16.76 | 16.98 | 17.67 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (7,774) | 489 | 6,431 | 8,801 | 4,349 |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 1,473 | 1,277 | 1,434 | 1,270 | 1,373 | 1,507 | 1,714 | 1,741 |
| Net profit | 1,104 | 949 | 1,108 | 947 | 1,019 | 1,124 | 1,393 | 1,298 |
| EPS (₹) | 4.48 | 3.85 | 4.44 | 3.74 | 4.04 | 4.45 | 5.44 | 5.09 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD | 10,55,451 | 13.3 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,88,387 | 17.6 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,39,694 | 11.5 | — | — | — | — | — | — |
| AXIS BANK LIMITED | 3,78,522 | 13.6 | — | — | — | — | — | — |
| FEDERAL BANK LTD ◆ | 85,395 | 18.2 | — | — | — | — | — | — |
| IDBI BANK LIMITED | 83,342 | 8.9 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED | 66,304 | 50.1 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 63,344 | 28.3 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.2 | 12.3 | 16 of 20 | 21% |
| Profit growth | 37.1 | 29.5 | 6 of 20 | 74% |
| Market cap | 85395 | 41392 | 5 of 20 | 79% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Federal Bank discloses William Blair virtual investor meeting | board shareholder meetings | low | — | — |
| 25 Oct 2026 · Federal Bank allots 111,880 shares under employee stock schemes | capital market events | low | — | — |
| 23 Oct 2026 · Federal Bank holds virtual one-on-one meet with Mathews Asia | board shareholder meetings | low | — | — |
| 21 Oct 2026 · Federal Bank holds analyst meets with three investors | board shareholder meetings | low | — | — |
| 19 Oct 2026 · Federal Bank holds one-on-one call with HSBC Securities, no presentations made | board shareholder meetings | low | — | — |
| 19 Oct 2026 · Federal Bank clarifies no active acquisition talks underway | strategic transactions | medium | — | — |
| 19 Oct 2026 · NSE seeks clarification over news item on acquisition talks | regulatory legal | high | — | — |
| 17 Oct 2026 · Federal Bank publishes Q2 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| 16 Oct 2026 · Earnings call transcript uploaded for Q2 FY27 | investor communications | medium | — | — |
| 16 Oct 2026 · Federal Bank shares Q2FY27 earnings call audio recording | investor communications | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.