The Federal Bank Limited — Q3 FY24
Federal Bank reported a historic PAT of INR 1,007 crore in Q3 FY24, its first four-digit profit, driven by strong business momentum and strategic branch expansion.
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q2 FY24
NIM to improve to 3.25% for FY24
Management expects NIM (new compute) to reach 3.25% by year-end, with gradual improvement in H2.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
Credit cost guidance of 25-30 bps for H2 FY24
Full-year credit cost expected around 35-40 bps, with H2 likely in the late 20s to early 30s.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
Cost-to-income ratio to improve to 50% by Q1 FY25
Management aims to bring cost-to-income down to 50% by early FY25, despite near-term pressure from partner-led businesses.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1