AgenciesRelated
Motilal Oswal has buy call on Ltd. with a target price of Rs 110. The current market price of Federal Bank Ltd. is Rs 86.35. Time period given by analyst is one year when Federal Bank Ltd. price can reach defined target.
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 17107.03 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3996.43 Crore, down -2.26 % from last quarter Total Income of Rs 4088.77 Crore and down -5.36 % from last year same quarter Total Income of Rs 4222.87 Crore. The bank reported net profit after tax of Rs 521.24 Crore in latest quarter.
Investment Rationale
FB posted a moderation in business growth, mainly affected by the lockdowns announced in various key states. Systemic credit growth remained weak, with a 1% decline in FY22 YTD. Growth in customer deposits was broadly stable on a sequential basis. The brokerage expects the drop in collection efficiency in Apr-May’21 to be similar to other Banks. It maintains Buy rating with a TP of INR110/share (1.1x FY23E ABV).
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 25.6 per cent, DIIs 42.7 per cent and public and others 31.7 per cent.
Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 17107.03 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3996.43 Crore, down -2.26 % from last quarter Total Income of Rs 4088.77 Crore and down -5.36 % from last year same quarter Total Income of Rs 4222.87 Crore. The bank reported net profit after tax of Rs 521.24 Crore in latest quarter.
Did you Know?
Stock score of Federal Bank Ltd moved down by 2 in 6 months on a 10-point scale.
View Latest Stock Report »Investment Rationale
FB posted a moderation in business growth, mainly affected by the lockdowns announced in various key states. Systemic credit growth remained weak, with a 1% decline in FY22 YTD. Growth in customer deposits was broadly stable on a sequential basis. The brokerage expects the drop in collection efficiency in Apr-May’21 to be similar to other Banks. It maintains Buy rating with a TP of INR110/share (1.1x FY23E ABV).
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 25.6 per cent, DIIs 42.7 per cent and public and others 31.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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