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Federal Financial institution Ltd., integrated within the yr 1931, is a banking firm (having a market cap of Rs 21246.30 Crore).
Federal Financial institution Ltd. key Merchandise/Income Segments embrace Curiosity & Low cost on Advances & Payments, Revenue From Funding, Curiosity On Balances with RBI and Different Inter-Financial institution Funds and Curiosity for the yr ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the corporate reported a Consolidated Whole Revenue of Rs 4013.46 Crore, down -3.24 % from final quarter Whole Revenue of Rs 4147.77 Crore and down -2.85 % from final yr identical quarter Whole Revenue of Rs 4131.32 Crore. The financial institution reported internet revenue after tax of Rs 499.42 Crore in newest quarter.
Funding Rationale
The brokerage feels that buyers can purchase Federal financial institution on the LTP of Rs.101.1 (1.02x Sep-23E ABV) and add on dips to Rs.90.25 (0.91x Sep-23E ABV) band. The brokerage expects the Base case truthful worth of Rs.111.5 (1.12x Sep-23E ABV) and the Bull case truthful worth of Rs.124 (1.25x Sep-23E ABV) over the subsequent 2 quarters.
Promoter/FII Holdings
Promoters held 0 per cent stake within the firm as of 30-Sep-2021, whereas FIIs owned 25.92 per cent, DIIs 42.54 per cent.
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