{"id":137759,"date":"2024-10-29T15:29:19","date_gmt":"2024-10-29T09:59:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=137759"},"modified":"2024-10-29T15:29:23","modified_gmt":"2024-10-29T09:59:23","slug":"bank-stock-jumps-8-after-announcing-robust-q2-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-8-after-announcing-robust-q2-results\/","title":{"rendered":"Bank stock jumps 8% after announcing robust Q2 results"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1646257393\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Major private banking player, surged above 8 percent following a 10.4 percent year-on-year growth in net profit and a drop in non-performing assets in Q2 FY25.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3640363329\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share price variations:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 48,860.84 crores, <strong>The Federal Bank Ltd<\/strong>. made an intraday high of Rs. 200.45 representing an 8.35 percent increase from its previous closing price of Rs. 184.99 per share.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for the Rise:&nbsp;<\/strong><\/h2><p>According to exchange filings, <strong>The Federal Bank Ltd<\/strong>. reported a 10.4 percent year-on-year increase in net profit to Rs. 1,104.46 crore, in Q2FY25 from Rs. 1,000.16 crore in Q2FY24. On a quarter-on-quarter basis, net profit increased by 6.19, rising from Rs. 1040.02 crore in Q1 FY25.&nbsp;<\/p><p>Net interest income grew by 15.1 percent year-on-year to Rs. 2,367 crore, compared to Rs. 2,056 crore in the same period last year. Gross Non-Performing Assets(NPA) dropped to 2.09 percent in Q2FY25 from 2.26 percent in Q1FY25.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3041564731\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>For the first half of FY25, Net Interest Income rose by 17.21 percent to Rs. 4,659.21 crores, up from Rs. 3,975.01 crores in H1 FY24, while net profit showed an increase of 13.35 percent, reaching Rs. 2144.48 crores compared to Rs. 1891.9 crores in the previous year.&nbsp;<\/p><p>On a year-on-year basis, deposits grew 16 percent to Rs. 2,69,107 crore from Rs. 2,32,868 crore, while advances increased 19 percent to Rs. 2,30,312 crore from Rs. 1,92,817 crore, and fee income rose 19 percent to Rs. 784 crore from Rs. 660 crore.&nbsp;<\/p><p>Of its total gross advances, 56 percent are to individuals, while 44 percent are to corporate and businesses.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Incorporated in 1931 The Federal Bank Ltd is a private banking player that provides retail and corporate banking, para banking activities such as debit cards, third-party product distribution, etc., treasury and foreign exchange business.<\/p><p>As of September, the company operates 1,533 branches and 2,052 ATMs, serving 1.92 crore customers. Branch distribution includes 17 percent in metro areas, 19 percent in urban, 50 percent in semi-urban, and 14 percent in rural locations.&nbsp;<\/p><p>As of September, Rakha Jhunjhunwala holds a 1.42 percent stake in the company, amounting to 3.45 crore equity shares valued at Rs. 638.77 crore.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3756071785\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By<\/strong>: <strong>Joseph Pv\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3979568083\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Major private banking player, surged above 8 percent following a 10.4 percent year-on-year growth in net profit and a drop in non-performing assets in Q2 FY25.&nbsp; Share price variations:&nbsp; With a market capitalization of Rs. 48,860.84 crores, The Federal Bank Ltd. made an intraday high of Rs. 200.45 representing an 8.35 percent increase from its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-137759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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