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Fedbank Financial Services Q2 FY27 results: net profit up 63.1% to ₹130.75 crore, revenue up 34.4%
Fedbank Financial Services Limited reported standalone Q2 FY27 revenue of ₹719.41 crore, up 34.4% from Q2 FY26, while net profit rose 63.1% to ₹130.75 crore. Profit before tax was ₹178 crore and basic EPS was ₹3.56, with no exceptional item reported.
Key points
- Revenue was ₹719.41 crore in Q2 FY27, up 34.4% year on year and 7.4% from Q1 FY27.
- Net profit was ₹130.75 crore, up 63.1% year on year and 14.3% from Q1 FY27; profit margin was 18.2%.
- Profit before tax was ₹178 crore and basic EPS was ₹3.56, compared with ₹107.47 crore and ₹2.15 in Q2 FY26.
- In H1 FY27, revenue was ₹1,389.34 crore, up 32.1% from H1 FY26, while net profit was ₹245.13 crore, up 58.0%.
- Management maintained FY27 AUM growth guidance of 20–25% and credit-cost guidance below 1%.
How did Fedbank Financial Services perform in Q2 FY27?
Fedbank Financial Services reported standalone Q2 FY27 revenue of ₹719.41 crore, total income of ₹719.79 crore and profit before tax of ₹178 crore. Net profit was ₹130.75 crore and basic EPS was ₹3.56. Against Q2 FY26, revenue rose ₹184.03 crore or 34.4%, while profit before tax rose ₹70.53 crore or 65.6% and net profit rose ₹50.60 crore or 63.1%.
Against Q1 FY27, revenue rose ₹49.48 crore or 7.4% to ₹719.41 crore, profit before tax rose ₹24.52 crore or 16.0% to ₹178 crore, and net profit rose ₹16.37 crore or 14.3% to ₹130.75 crore. Basic EPS increased ₹0.51 or 16.7% to ₹3.56, while the profit margin rose 1.1 percentage points to 18.2%. The reported figures are standalone; the filings also describe the results as company-wide operational performance. EBITDA and EBITDA margin were not given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 719.41 | 669.93 | 535.38 | +34.4% | +7.4% |
| Other income | 0.38 | 0.32 | 0.61 | −37.7% | +18.8% |
| Total expenses | 541.79 | 516.77 | 428.52 | +26.4% | +4.8% |
| Profit before tax | 178 | 153.48 | 107.47 | +65.6% | +16.0% |
| Tax | 47.25 | 39.10 | 27.32 | +73.0% | +20.8% |
| Net profit | 130.75 | 114.38 | 80.15 | +63.1% | +14.3% |
| EPS (₹) | 3.56 | 3.05 | 2.15 | +65.6% | +16.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Fedbank Financial Services' costs and profit?
Total expenses rose ₹113.27 crore or 26.4% year on year to ₹541.79 crore. Finance costs were the largest reported cost line at ₹288.34 crore, up ₹74.50 crore or 34.8%; employee costs rose ₹21.31 crore or 20.3% to ₹126.54 crore, other expenses rose ₹19.13 crore or 29.3% to ₹84.42 crore, and depreciation rose ₹2.35 crore or 18.0% to ₹15.41 crore. Other income fell ₹0.23 crore or 37.7% to ₹0.38 crore.
Tax expense rose ₹19.93 crore or 73.0% year on year to ₹47.25 crore, versus profit before tax of ₹178 crore. There was no exceptional item. From Q1 FY27, total expenses rose ₹25.02 crore or 4.8%, finance costs rose ₹15.65 crore or 5.7%, and employee costs rose ₹5.91 crore or 4.9%. The filing does not state that any one cost line explains the increase in profit.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 126.54 | 105.23 | +21.31 | +20.3% |
| Finance costs | 288.34 | 213.84 | +74.50 | +34.8% |
| Depreciation | 15.41 | 13.06 | +2.35 | +18.0% |
| Other expenses | 84.42 | 65.29 | +19.13 | +29.3% |
| Total expenses | 541.79 | 428.52 | +113.27 | +26.4% |
| Other income | 0.38 | 0.61 | −0.23 | −37.7% |
| Tax | 47.25 | 27.32 | +19.93 | +73.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue was ₹1,389.34 crore, total income was ₹1,390.04 crore and profit before tax was ₹331.48 crore. Net profit was ₹245.13 crore and EPS was ₹6.54. Compared with H1 FY26, revenue rose ₹337.36 crore or 32.1%, total income rose ₹336.80 crore or 32.0%, and profit before tax rose ₹123.66 crore or 59.5%.
H1 FY27 net profit rose ₹89.97 crore or 58.0% from ₹155.16 crore in H1 FY26, while EPS rose ₹2.38 or 57.2% from ₹4.16. The same-day presentation reported H1 FY27 net interest income of ₹789.6 crore, up 40.8%, operating profit of ₹392.6 crore, up 48.7%, and shareholder funds of ₹2,926.1 crore, up 14.9%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1,389 | 1,052 | +32.1% |
| Profit before tax | 331.48 | 207.82 | +59.5% |
| Net profit | 245.13 | 155.16 | +58.0% |
| EPS (₹) | 6.54 | 4.16 | +57.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹18,540.36 crore at 30 September 2026, against ₹16,874.78 crore at 31 March 2026. Total equity rose to ₹3,164.96 crore from ₹2,926.1 crore, while cash fell to ₹773.68 crore from ₹1,339.73 crore. Borrowings were not given in the standalone figures, although the investor presentation reported borrowings of ₹14,602 crore for Q2 FY27.
For H1 FY27, operating cash flow was negative ₹718.88 crore, compared with ₹272.75 crore in H1 FY26. Investing cash flow was negative ₹392.03 crore, compared with negative ₹19.12 crore, and financing cash flow was ₹544.86 crore, compared with negative ₹480.01 crore. Capital expenditure was ₹21.47 crore, compared with ₹12.43 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 18,540 | 16,875 |
| Total equity | 3,165 | 2,926 |
| Cash and equivalents | 773.68 | 1,340 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −718.88 | 272.75 |
| Cash from investing | −392.03 | −19.12 |
| Cash from financing | 544.86 | −480.01 |
| Capital expenditure | 21.47 | 12.43 |
Source: Company's results filing (XBRL).
How has Fedbank Financial Services done over the last 8 quarters?
Revenue and profit both moved higher in each of the last eight quarters on a year-on-year basis, while profit rose year on year in each of the last seven quarters. In the quarterly series, revenue was ₹533.05 crore at its low in Q3 FY25 and reached ₹719.41 crore in Q2 FY27; profit was ₹18.76 crore at its low in Q3 FY25 and ₹130.75 crore in Q2 FY27.
The current quarter was the highest revenue and profit quarter in the series provided. From Q4 FY26 to Q2 FY27, revenue rose from ₹616.45 crore through ₹669.93 crore to ₹719.41 crore, while net profit rose from ₹100.53 crore through ₹114.38 crore to ₹130.75 crore. EBITDA margin was not given, so its peak, trough and current direction cannot be stated.
What else did the company announce?
The board approved the unaudited Ind AS financial results for the quarter and half year ended 30 September 2026, following review by the audit committee. The filing included an unmodified limited-review opinion from the joint statutory auditors, prescribed ratios and line items, security-cover disclosure and related-party transactions for the half year.
The same-day investor communication reported AUM of ₹22,035 crore, up 36.6% year on year, and gold-loan AUM of ₹11,917 crore, up 77.0%. It also reported 74 branches commissioned during the quarter, taking the network to 831 branches across 18 states and union territories, and 5,920 employees. The same-day filings did not announce a dividend, fund raise or new appointment.
What did Fedbank Financial Services' management say?
Management maintained FY27 AUM growth guidance of 20–25% and credit-cost guidance below 1%; Q2 credit cost was 0.6%. It reiterated a medium-term ROA target of 3% and an ROE target of ~18%, with Q2 ROA at 2.8% and ROE at 17%. The company also maintained FY27 GNPA guidance below 2% and planned at least 150 additional branches in H2 FY27.
MD and CEO Parvez Mulla said the Stage II/III increase in the gold-loan book reflected the transition to a periodic interest-due construct and normalisation of direct assignment and co-lending, rather than a structural credit concern. He also said Q2 was a tough competitive quarter and added: “We had a very, very tough competitive quarter in Q2. In spite of that, the gold business has done well, and we continue to see that in Q3 and Q4. Competition is real, and we will continue to play the way our strategic focus is.”
CFO C.V. Ganesh said: “We have never had an auction loss on either principal or interest in the last 6 years. There is no intention to break that record.” Management identified competition in gold loans, yield pressure in small-ticket LAP, the Stage II/III transition and interest-rate transmission as risks. No analyst questions were recorded in the provided transcript.
How did Fedbank Financial Services shares react?
After the filing appeared, the stock fell 1.9% within 5 minutes, 1.6% within 15 minutes and 0.6% within 30 minutes. It closed the reaction day down 1.3% from the pre-results close, against a 0.2% fall for the industry median. By the next day's close, the stock was up 1.9% cumulatively from that close, compared with a 0.2% fall for the industry.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| 5 minutes | −1.9% | |
| 15 minutes | −1.6% | |
| 30 minutes | −0.6% | |
| Reaction day | −1.3% | −0.2% |
| Next day | +1.9% | −0.2% |
| 5 days | −5.7% | −4.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 15 July 2026 | +7.4% |
| 28 April 2026 | −2.0% |
| 15 January 2026 | −8.3% |
| 17 October 2025 | −1.8% |
| 28 July 2025 | +7.3% |
| 24 January 2025 | −2.2% |
| 23 October 2024 | −4.1% |
| 19 July 2024 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Among 77 other Non Banking Financial Company companies that filed for the quarter, the median revenue growth was 21.4%. Fedbank Financial Services' revenue growth of 34.4% was higher than 51 peers and lower than 26 peers. Among 85 peers whose profit was compared, 56 reported higher profit.
| Fedbank Financial Services revenue growth (YoY) | +34.4% |
|---|---|
| Median of 77 other Non Banking Financial Company (NBFC) companies | +21.4% |
| Companies with slower revenue growth than Fedbank Financial Services | 51 of 77 |
| Companies with faster revenue growth than Fedbank Financial Services | 26 of 77 |
| Companies whose net profit rose | 56 of 85 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Fedbank Financial Services' revenue in Q2 FY27?
Revenue from operations was ₹719.41 crore, up 34.4% from ₹535.38 crore in Q2 FY26 (standalone).
Did Fedbank Financial Services make a profit in Q2 FY27?
Yes. Net profit was ₹130.75 crore, against a net profit of ₹80.15 crore in Q2 FY26.
What was Fedbank Financial Services' EPS in Q2 FY27?
Basic earnings per share were ₹3.56, against ₹2.15 in Q2 FY26.
How did Fedbank Financial Services shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.3% from the previous close; the median Non Banking Financial Company (NBFC) stock moved −0.2%.
When did Fedbank Financial Services announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.