Monday, 22 July 2013

Federal Bank drops after poor Q1 outcome

The result was announced after market hours on Friday, 19 July 2013.
Meanwhile, the S&P BSE Sensex was down 25.01 points or 0.12% at 20,124.84.
On BSE, 3,692 shares were traded in the counter as against average daily volume of 84,144 shares in the past one quarter.
The stock hit a high of Rs 372.80 and a low of Rs 362.30 so far during the day. The stock had hit a 52-week low of Rs 361.50 on 18 July 2013. The stock had hit a record high of Rs 550.75 on 2 January 2013.
The stock had underperformed the market over the past one month till 19 July 2013, declining 13.72% compared with the Sensex's 4.7% rise. The scrip had also underperformed the market in past one quarter, falling 15.64% as against Sensex's 5.96% gain.
The mid-cap private sector bank has equity capital of Rs 171.06 crore. Face value per share is Rs 10.
Federal Bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.91% as on 30 June 2013, as against 0.98% as on 31 March 2013 and 0.62% as on 30 June 2012. The ratio of gross NPAs to gross advances stood at 3.51% as on 30 June 2013, as against 3.44% as on 31 March 2013 and 3.6% as on 30 June 2012.
Federal Bank's provisions and contingencies jumped 290.41% to Rs 245.10 crore in Q1 June 2013 over Q1 June 2012.
The bank's capital adequacy ratio (CAR) as per Basel II norms stood at 15% as on 30 June 2013, as against 14.73% as on 31 March 2013 and 15.45% as on 30 June 2012. CAR as per Basel III norms stood at 14.27% as on 30 June 2013.

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