Federal Bank shares in focus after board approves fundraising plan of up to Rs 6,000 crore
will be in focus on Tuesday after the lender announced that its board has approved a comprehensive fundraising plan of up to Rs 6,000 crore through a combination of
equity and debt instruments
, subject to shareholder and regulatory approvals.
On the equity side, the bank may raise capital through various options, including a
rights issue
, preferential issue, further public offer (FPO), qualified institutional placement (QIP), global depository receipts (GDR), American depository receipts (ADR), foreign currency convertible bonds (FCCBs), or a combination thereof.
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Additionally, the board has approved raising funds through debt instruments such as Additional Tier I (AT1) bonds, Tier II bonds, long-term infrastructure and affordable housing bonds, masala bonds, green bonds, and non-convertible debentures (NCDs). The issuance may be carried out via private placement in both domestic and overseas markets, within the bank's borrowing limits.
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Federal Bank Q4 Results
Federal Bank
posted a 13.7% year-on-year (YoY) rise in net profit to Rs 1,030.2 crore for the quarter ended March 31, 2025, beating CNBC-TV18's estimate of Rs 977.5 crore. In the year-ago period, the bank had reported a net profit of Rs 906.3 crore.
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Net interest income (NII) rose 8.3% YoY to Rs 2,377.4 crore, though this was slightly below street estimates of Rs 2,431.9 crore. The net interest margin (NIM) improved to 3.12%, supported by operational efficiency.
Gross NPAs declined to Rs 4,375.5 crore from Rs 4,553.3 crore, while net NPAs fell to Rs 1,040.4 crore from Rs 1,131.2 crore. The gross NPA ratio improved to 1.84% from 1.95%, and the net NPA ratio eased to 0.44% from 0.49% sequentially.
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Federal Bank Share Price Target
According to Trendlyne, the average target price for Federal Bank is Rs 226, indicating an upside of nearly 6% from current levels. Among the 34 analysts tracking the stock, the consensus rating is 'Buy'.
From a technical perspective, the Relative Strength Index (RSI) stands at 62.4, suggesting neutral-to-positive momentum. The MACD, at 2.2, remains above both its center and signal lines, signaling a bullish trend.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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