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Fedbank Financial Services Ltd share Price Today

Company details

121.11
123.31
108.75
153.60
6M Return -17.30%
1Y Return -13.06%
Mkt Cap.(Cr) 4,504.31
Volume 290,085
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 290,085

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Finance company Fedbank Financial Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Interest Income: Fedbank Financial Services Limited reported an increase in interest income to Rs 3,854 million in Q4FY24, marking a quarterly growth of 3% and a significant YoY increase of 28%.
  • Interest Expenses: The company's interest expenses slightly decreased by 1% in the quarter, down to Rs 1,734 million, and experienced a 23% rise when compared to Q4 FY23.
  • Net Interest Income (Core): This key profitability metric reached Rs 2,120 million for Q4FY24, up 6% from the previous quarter, and surged by 31% YoY.
  • Operating Profit: Fedfina saw its operating profit reach Rs 1,086 million for Q4FY24, a slight decrease of 2% from the previous quarter but up by 32% compared to the same quarter the previous year.
  • Profit After Tax (Net Profit): The net profit for Q4 was Rs 677 million, a 3% increase QoQ and a significant 73% jump when compared to Q4FY23.

FY24 Financial Highlights:

  • Interest Income: The full-year interest income amounted to Rs 14,580 million in FY24, showcasing a robust growth of 36% from FY23.
  • Interest Expenses: Over the entire fiscal year, interest expenses climbed by 44% to Rs 6,797 million.
  • Net Interest Income (Core): The full-year figure stood at Rs 7,783 million, indicating an increase of 29% from FY23.
  • Operating Profit: For the entire FY24, the company's operating profit rose to Rs 3,939 million, growing by 28% YoY.
  • Profit After Tax (Net Profit): Overall, the net profit for FY24 was Rs 2,447 million, marking a 36% rise from the previous year.

Operational Highlights:

  • Assets Under Management (AUM): AUM grew by 34% YoY to Rs 1,21,919 million.
  • Disbursements: Total disbursements for FY24 amounted to Rs 1,35,787 million, which reflects a growth of 26% YoY.
  • Key Financial Ratios: Ratios such as the Cost to Income, Return on Average Assets (ROA), and Return on Average Equity (ROE) were reported for both quarterly and yearly time frames, showing stable performance and significant improvements in areas like ROA and ROE for FY24.
  • Branch Expansion and Employee Growth: Fedfina expanded its presence with 12 new branches in Q4, reaching a total of 621 branches. The employee count increased to 4,298.

Asset Quality:
Stage III Assets: The Gross Stage III assets decreased to 1.7% from the previous quarter, indicating an improvement in asset quality. The company also sold off a large Non-Performing Asset (NPA) during Q4FY24.

Commenting on the performance, Anil Kothuri, MD & CEO, Fedbank Financial Services said, “We continued to make strides towards realising our mission to empower emerging India with easy access to loans. The last quarter was a busy one where we saw record disbursals, improving quality as well as higher profitability.”

 

Result PDF

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Fedbank Financial Services Ltd shares SWOT Analysis

Strengths (12)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (0)

Data not found

Opportunity (1)

  • Decrease in Provision in recent results

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 123.2
R2 124.5
R3 125.5
Pivot

122.21

S1 120.9
S2 119.9
S3 118.6
EMA SMA
121.6
122.8
126.4
-
121.0
123.6
124.1
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BLEND FUND 2 Bulk Purchase 2023-11-30 143.86 3006541 NSE
Name Category Shares
The Federal Bank Limited PROMOTER 61.58%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Fedbank Financial Services Ltd Stocks COMPARISON

Financials( in Cr) Fedbank Financial Services Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 121.94 7,348.80 1,587.15 362.90 175.66
% Change 0.04 0.10 -0.29 1.65 0.49
Mcap Cr 4,504.31 454,887.78 253,228.04 230,560.68 229,561.38
Revenue TTM Cr 1,180.00 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 180.13 11,507.69 12,209.54 31.25 6,337.01
PE TTM 18.41 31.44 31.21 141.13 35.59
1 Year Return -13.06 3.55 7.21 45.80 431.50
ROCE 9.58 11.76 12.69 0.03 5.32
ROE 14.36 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,355.68 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05
Fedbank Financial Services Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 14, 2024 l NSE Announcement

Fedbank Financial Services Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 13, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Fedbank Financial Services Ltd Information

Stock PE (TTM)
18.41
Promoter Holding
61.58%
Book Value
61.1519
ROCE
9.58%
ROE
14.36%
Description
  • Fedbank Financial Services Ltd (FFS) was incorporated on 17th April 1995 and a subsidiary of The Federal Bank Ltd. The Company was registered as a Non banking Financial Company(NBFC) on 24th August 2010. The Company is into the business of lending mainly against Gold and Property, Wholesale Lending and also distributes retail loan/insurance products for a fee. The Company currently operates through 99 locations mainly spread across South India, 8 locations of Distribution vertical shared between LAP and Wholesale Lending business. At present, the Company is a diversified NBFC; offering multiple credit facilities cover a gamut of SME-focused mortgage loans, loans against pledge of gold ornaments and structured finance. Company also distributes loan products of The Federal Bank Ltd. During FY 2017, the Company began doing business in new markets such as Surat, Bangalore and Chennai for its SME focused mortgage loans to quickly establish a good foothold. The gold loan business showed a good turnaround with most branches turning profitable at the operating level and contributing to healthy NIM. On the liabilities side, it diversified credit lines from multiple reputed lenders. In 2018, the Company raised fully hedged Foreign Currency Debt to reduce the cost of borrowing. It opened 15 new branches It broad based the capital structure, through True North fund VI LLP, a leading Private Equity firm, which infused equity of Rs 169 Crore in November, 2018. In 2019, the Company further opened 25 branches, which increased the network to 137 branches across 4 States viz., Andhra Pradesh, Telangana, Tamil Nadu and Karnataka. Similarly, for Mortgages, it opened 8 more markets, in locations like Vapi, Daman, Silvasa, Valsad, Hyderabad & Guntur taking out count of sourcing locations to more than 30. With the opening of 144 branches in FY 20, the network increased to 300 branches. The Company opened 60 branches in FY 2020-21, resulting the network increased to 360 branches. With the opening of 156 branches in FY 2021-22, the network increased to 516 branches as on March 31, 2022. The Company increased the footprint by opening of 59 branches in FY 22-23, and resulting to this, the branch network counted to 575 branches as on March 31, 2023.

No Data Found

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 544027
NSE Code : FEDFINA
Book Closure Date (Month) :
BSE Group : B
ISIN : INE007N01010

FAQ’s on Fedbank Financial Services Ltd Shares

You can buy Fedbank Financial Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Fedbank Financial Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 01:19 PM the closing price of Fedbank Financial Services Ltd was Rs.121.94.

The latest PE ratio of Fedbank Financial Services Ltd as of Jun 18, 2024 01:19 PM is 18.41

The latest PB ratio of Fedbank Financial Services Ltd as of Jun 18, 2024 01:19 PM is 0.50

The 52-week high of Fedbank Financial Services Ltd share price is Rs. 153.60 while the 52-week low is Rs. 108.75

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 01:19 PM, the market cap of Fedbank Financial Services Ltd stood at Rs. 4,504.31.

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