Fedbank Financial Services Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,546 Cr
- P/E
- 12.78
- ROE
- 12.56%
- PEG
- 0.59
- Price to sales
- 2.15
- Debt to equity
- 4.68
- 52W high / low
- ₹176 / ₹121
- Sales growth (5Y)
- 26.30%
- EBITDA margin
- 64.41%
- Net profit margin
- 15.46%
- Promoter holding
- 60.67%
- Sales (last year)
- ₹2,561 Cr
Fedbank Financial Services Limited a subsidiary of The Fedral Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.[1]
Guidance scorecard · Q2 FY27 call
What Fedbank Financi.'s management guided
and where it ranks in Finance
Finance
RevenueQ2 FY27 call
20–40%- Annual AUM growth is guided at 20% to 25%, based on tonnage growth in gold loans even if gold prices remain flat.
- If gold prices increase, growth could exceed 25%.
- Gold loan tonnage is expected to increase in H2 (Q3 and Q4), with a different, improved trajectory compared to H1.
- Small ticket LAP (Secured Loan Against Property) disbursements will pick up significantly in Q3 and Q4, leading to improved growth in that segment.
- New gold loan branches typically reach profitability at INR6-7 crores AUM within 12-13 months and expansion is continuing, which will support growth.
- Co-location of gold loan and LAP branches will help expand footprint and diversify revenue streams.
2 more points from Fedbank Financi.'s call on revenue
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MarginsQ2 FY27 call
FlatSee what Fedbank Financi. said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Fedbank Financial Services is aggressively expanding its branch network, having added 74 branches in Q2 FY27 and planning to add at least another 150 branches in the second half of the year.
- The gold loan branch expansion is a key strategic focus, supporting growth in both gold loans and small ticket LAP businesses.
- Investment in branches is prioritized despite the rise in operating expenses, aiming to strengthen distribution muscle.
2 more points from Fedbank Financi.'s call on capex
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FundraisingQ2 FY27 call
See what Fedbank Financi. said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
RisingAsk what Fedbank Financi. said on the order book →
Full Q2 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Finance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,742 Cr | 71.8 | |
| 2 | 40%+ | Up 2%+ | ₹464 Cr | 23.9 | |
| 3 | 40%+ | Up 0–2% | ₹961 Cr | 32.7 | |
| 4 | 40%+ | Flat | ₹23,820 Cr | 21.1 | |
| 5 | 40%+ | Flat | ₹16,498 Cr | 72.4 | |
| 6 | 40%+ | Flat | ₹15,549 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Finance rankingFinancials of Fedbank Financi.
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Fedbank Financi.
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 61.65% | 61.58% | 61.35% | 61.16% | 61.04% | 61.03% | 60.97% | 60.88% | 60.81% | 60.79% | 60.67% | 60.64% |
| FIIs + | 2.54% | 1.05% | 0.85% | 0.63% | 0.52% | 0.49% | 0.77% | 1.17% | 0.91% | 0.66% | 9.30% | 9.69% |
| DIIs + | 22.64% | 23.17% | 23.43% | 22.56% | 21.36% | 20.81% | 20.11% | 19.36% | 18.17% | 18.82% | 10.89% | 11.89% |
| Public + | 13.17% | 14.19% | 14.38% | 15.64% | 17.08% | 17.67% | 18.15% | 18.59% | 20.11% | 19.73% | 19.13% | 17.79% |
| No. of Shareholders | 1,68,184 | 1,55,066 | 1,46,526 | 1,46,611 | 1,52,749 | 1,49,276 | 1,43,731 | 1,27,424 | 1,27,190 | 1,21,385 | 1,16,070 | 1,13,917 |
Financials of Fedbank Financi.
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 395 | 413 | 408 | 477 | 513 | 530 | 536 | 517 | 535 | 555 | 616 | 670 | 719 |
| Interest | 167 | 176 | 173 | 202 | 214 | 221 | 216 | 218 | 214 | 208 | 239 | 273 | 288 |
| Expenses + | 144 | 156 | 154 | 184 | 207 | 273 | 210 | 187 | 202 | 215 | 228 | 230 | 238 |
| Financing Profit | 84 | 82 | 80 | 91 | 92 | 36 | 111 | 112 | 120 | 132 | 149 | 167 | 193 |
| Financing Margin % | 21% | 20% | 20% | 19% | 18% | 7% | 21% | 22% | 22% | 24% | 24% | 25% | 27% |
| Other Income + | 3 | 16 | 20 | 14 | 6 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 9 | 10 | 9 | 11 | 12 | 13 | 13 | 12 | 13 | 14 | 15 | 14 | 15 |
| Profit before tax | 77 | 88 | 91 | 94 | 86 | 25 | 99 | 100 | 107 | 118 | 135 | 153 | 178 |
| Tax % | 25% | 26% | 26% | 25% | 25% | 25% | 27% | 25% | 25% | 26% | 25% | 25% | 27% |
| Net Profit + | 58 | 65 | 68 | 70 | 65 | 19 | 72 | 75 | 80 | 88 | 101 | 114 | 131 |
| EPS in Rs | 1.80 | 1.77 | 1.83 | 1.89 | 1.74 | 0.50 | 1.92 | 2.01 | 2.14 | 2.35 | 2.69 | 3.05 | 3.49 |
| Gross NPA % | 2.34% | 2.19% | 1.70% | 1.97% | 1.87% | 1.80% | 2.02% | 1.99% | 1.90% | 2.06% | 1.87% | 1.55% | 1.82% |
| Net NPA % | 1.83% | 1.66% | 1.30% | 1.60% | 1.47% | 1.10% | 1.22% | 1.24% | 1.30% | 1.40% | 1.28% | 0.96% | 1.18% |
Financials of Fedbank Financi.
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 255 | 464 | 692 | 869 | 1,180 | 1,577 | 2,063 | 2,224 | 2,561 |
| Interest | 114 | 201 | 313 | 348 | 472 | 680 | 854 | 879 | 1,009 |
| Expenses + | 83 | 190 | 280 | 359 | 442 | 578 | 873 | 832 | 912 |
| Financing Profit | 58 | 74 | 99 | 162 | 266 | 320 | 336 | 513 | 641 |
| Financing Margin % | 23% | 16% | 14% | 19% | 23% | 20% | 16% | 23% | 25% |
| Other Income + | 0 | 2 | 6 | 14 | 19 | 46 | 17 | 3 | 2 |
| Depreciation | 8 | 19 | 27 | 37 | 42 | 37 | 49 | 54 | 59 |
| Profit before tax | 51 | 56 | 77 | 139 | 243 | 328 | 304 | 461 | 585 |
| Tax % | 29% | 30% | 20% | 26% | 26% | 25% | 26% | 25% | |
| Net Profit + | 36 | 39 | 62 | 103 | 180 | 245 | 225 | 344 | 434 |
| EPS in Rs | 1.57 | 1.43 | 2.13 | 3.22 | 5.60 | 6.62 | 6.04 | 9.18 | 11.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Fedbank Financi.
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 230 | 273 | 290 | 322 | 322 | 369 | 373 | 374 | 375 |
| Reserves | 229 | 418 | 545 | 832 | 1,034 | 1,891 | 2,175 | 2,552 | 2,790 |
| Borrowing | 1,639 | 3,307 | 4,453 | 5,154 | 7,270 | 8,340 | 10,437 | 13,675 | 14,811 |
| Other Liabilities + | 53 | 88 | 179 | 248 | 445 | 537 | 265 | 274 | 564 |
| Total Liabilities | 2,151 | 4,086 | 5,466 | 6,556 | 9,071 | 11,138 | 13,250 | 16,875 | 18,540 |
| Fixed Assets + | 46 | 107 | 133 | 154 | 146 | 146 | 189 | 220 | 245 |
| CWIP | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 6 |
| Investments | 13 | 41 | 32 | 514 | 681 | 751 | 404 | 402 | 799 |
| Other Assets + | 2,092 | 3,938 | 5,300 | 5,887 | 8,244 | 10,241 | 12,656 | 16,251 | 17,491 |
| Total Assets | 2,151 | 4,086 | 5,466 | 6,556 | 9,071 | 11,138 | 13,250 | 16,875 | 18,540 |
Financials of Fedbank Financi.
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -445 | -1,397 | -371 | -578 | -1,474 | -776 | -978 | -1,664 |
| Cash from Investing Activity + | -55 | -69 | -71 | -417 | -130 | -100 | 329 | -31 |
| Cash from Financing Activity + | 495 | 1,599 | 825 | 535 | 1,632 | 967 | 1,187 | 2,310 |
| Net Cash Flow | -5 | 133 | 384 | -460 | 28 | 92 | 539 | 615 |
| Free Cash Flow | -449 | -1,416 | -382 | -605 | -1,489 | -789 | -996 | -1,694 |
Financials of Fedbank Financi.
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 8% | 7% | 8% | 10% | 15% | 14% | 9% | 13% |
Guidance history
How Fedbank Financi.'s guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 20–40% | Flat | Planned | — | Rising |
| Q1 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
59 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +3.4% | 63% |
| Last 6 months | +1.1% | 55% |
| Last 3 months | −3.3% | 58% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Fedbank Financi.: 0.4 × 63 + 0.4 × 55 + 0.2 × 58 = 59.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Fedbank Financi.'s management said in earlier quarters
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