The Federal Bank Ltd (BOM:500469)
₹ 196.6 -1.15 (-0.58%) Market Cap: 482.70 Bil Enterprise Value: 581.54 Bil PE Ratio: 11.67 PB Ratio: 1.48 GF Score: 86/100
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Q3 2024 Federal Bank Ltd Earnings Call Transcript

Jan 16, 2024 / 10:30AM GMT
Release Date Price: ₹149.7 (-2.16%)
Operator

(audio in progress) conference call of The Federal Bank Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Souvik Roy, Head, Investor Relations, The Federal Bank Limited. Thank you, and over to you, sir.

Souvik Roy The Federal Bank Limited;Head of IR

Thank you so much. Good afternoon, and a warm welcome to our Q3 earnings call. We wish you all a very happy New Year.

I'm sure you've had the chance to delve into our numbers. It's evident; they are not just good. They're quite promising.

This quarter, we achieved a historic milestone with our first-ever four-digit profit number, reaching an impressive INR1,007 crores. Our NII, too, has soared to new heights, standing at an all-time high as well. The strategic expansion of our branch network remains robust. We added close to 65 new branches in H1, 30 of which materialized in the last quarter itself.

Our commitment to growth, asset quality, and ROA is paying off quite well, and it's evident in our

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