Arthneeti

Federal Bank Q2 FY27 Share Price & Earnings Call Analysis

₹339.70-2.31% today
Market cap
₹84,062 Cr
P/E
16.20
ROE
11.59%
PEG
1.49
Price to sales
2.67
Debt to equity
8.89
52W high / low
₹372 / ₹235
Sales growth (5Y)
15.70%
EBITDA margin
64.27%
Net profit margin
15.05%
Sales (last year)
₹31,552 Cr

The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.[1].It is the second-largest bank and the largest private sector bank in Kerala[2]

Guidance scorecard · Q2 FY27 call

What Federal Bank Ltd's management guided
and where it ranks in Banks

Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY26 call

10–20%
  • Federal Bank expects acceleration in growth across chosen segments, building on recent traction.
  • Growth in deposits and loans is expected to improve, with retail term deposits and CASA growing faster than the system.
  • Plans to add about 100 branches in the next year to support liability strategy and CASA growth.
  • Focus on profitable growth in key areas such as gold loans, LAP, commercial banking, agriculture, and microfinance.
  • Corporate book growth targeted at early double digits with focus on mid-market companies for better yields.

2 more points from Federal Bank Ltd's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what Federal Bank Ltd said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Branch expansion: 39 new branches added in the last quarter; plan to open about 100 branches in the next year as part of calibrated, data-driven network expansion.
  • Network restructuring: Relocation and redesign of existing branches to improve productivity.
  • The emphasis is on liability franchise strengthening, asset portfolio quality, growth in select segments, and cost efficiency.
  • Hence, the bank’s known capital investment focus appears to be on physical branch network expansion and related redesign/branding initiatives.
Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what Federal Bank Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Ask what Federal Bank Ltd said on the order book →

Full Q4 FY26 analysis
Full Banks ranking

Ranges 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 Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. RBL BankGood growth
    3
See all potential multibaggersWhere does Federal Bank Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3RBL Bank20–40%Flat₹58,716 Cr49.8
420–40%Flat₹13,576 Cr9.4
520–40%Flat₹6,759 Cr8.6
620–40%Flat₹5,337 Cr8.0

Sign up free to see every company in the sector ranking and track Federal Bank Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Federal Bank Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Federal Bank Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue +5,0125,3505,7916,0856,3396,7287,0067,2657,1087,1517,2167,3607,947
Interest2,9383,2553,5443,7603,9364,2124,3934,5704,4564,5404,4294,4014,402
Expenses +1,5741,6341,6611,8141,9172,0482,1492,3492,2652,5062,5192,5953,017
Financing Profit500461586511486468463346386105267365528
Financing Margin %10%9%10%8%8%7%7%5%5%1%4%5%7%
Other Income +7687417579088109361,0109311,0471,1641,1051,1431,186
Depreciation0000000000000
Profit before tax1,2691,2021,3431,4201,2961,4041,4731,2771,4341,2701,3731,5071,714
Tax %26%26%26%25%25%26%25%26%23%25%26%25%19%
Net Profit +9648941,0071,0679961,0471,1159511,1209511,0231,1251,392
EPS in Rs4.514.164.234.263.994.204.473.854.443.744.034.445.44
Gross NPA %2.35%2.37%2.27%2.28%2.11%
Net NPA %0.73%0.74%0.68%0.68%0.63%

Financials of Federal Bank Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue +7,4887,8268,7839,91511,63513,59014,31414,38217,81223,56528,10629,674
Interest5,0565,2595,6536,2267,3168,6788,4357,9599,97514,49517,63117,772
Expenses +1,7012,5292,7493,3313,5724,6085,5275,7585,8286,7928,52310,637
Financing Profit731383823587473043526642,0092,2781,9521,265
Financing Margin %10%0%4%4%6%2%2%5%11%10%7%4%
Other Income +8798081,0841,1601,3351,8821,9722,1212,4363,2163,9244,598
Depreciation791081241251221261151391822342880
Profit before tax1,5307391,3421,3931,9602,0602,2092,6464,2635,2615,5885,863
Tax %34%34%36%35%35%25%25%26%26%25%25%24%
Net Profit +1,0584868679351,3181,5901,6801,9963,2103,9644,2344,491
EPS in Rs6.172.835.034.746.637.938.349.3714.9515.9316.9317.63
Dividend Payout %18%25%18%21%21%0%8%19%7%8%7%7%

Financials of Federal Bank Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171344345394397399399421423487491493
Reserves7,5297,7208,60711,88013,10114,42416,10518,83521,69929,61834,04739,550
Deposits70,82379,17197,662111,970134,879152,252172,186181,678212,988252,455283,484313,491
Borrowing2,3935,2366,34512,3298,70612,52812,27119,58725,86225,16032,59633,193
Other Liabilities +1,9932,2342,5272,6403,4693,7514,0065,7217,03110,1199,62615,354
Total Liabilities82,90994,706115,486139,214160,552183,353204,967226,241268,004317,839360,244402,081
Fixed Assets +4465084774524624775046438909961,4561,528
CWIP27161510182813298167720
Investments20,34924,92027,91230,59531,67635,71536,73239,06548,70261,04366,05876,471
Other Assets +62,08769,26287,081108,158128,397147,133167,717186,504218,330255,733292,658324,081
Total Assets82,90994,706115,486139,214160,552183,353204,967226,241268,004317,839360,244402,081

Financials of Federal Bank Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5,158-1,5573,431-5,0517,8733,73111,179-7,7744896,4318,8014,349
Cash from Investing Activity +-1,3641,990-2,384-1,579-3,378-4,688-3,913901-9,860-8,912-3,799-11,109
Cash from Financing Activity +-3,5442059858,371-3,6373,661-2088,1936,0383,8717,4012,069
Net Cash Flow2506392,0321,7418582,7047,0581,320-3,3321,39012,403-4,691
Free Cash Flow5,039-1,7173,338-5,1457,7503,58511,053-8,06286,1148,0504,063
CFO/OP100%-29%64%-66%107%49%134%-80%14%46%52%29%

Financials of Federal Bank Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %15%6%10%9%10%11%11%11%15%15%13%12%

Guidance history

How Federal Bank Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%Up 0–2%———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

75out of 100

Momentum score · price trend

75 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+44.7%84%
Last 6 months+18.4%75%
Last 3 months−5.3%57%
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 Federal Bank Ltd: 0.4 × 84 + 0.4 × 75 + 0.2 × 57 = 75.

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 30 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 Federal Bank Ltd's management said in earlier quarters

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