'The income from operation of Fedbank Financial Services increased 29% to Rs 533.05 crore in Q3FY2025.
Overall OPM improved to 69.2% in Q3FY2025 from 67.7% in Q3FY2024, leading to 32%
rise in operating profit to Rs 368.71 crore.
Other income declined 38% to
Rs 9.99 crore. Interest cost increased 26% to Rs 221.26 crore. Depreciation
moved up 32% to Rs 12.83 crore. The provisions of the company jumped 428% to Rs
119.57 crore, leading to 71% dip in the PBT to Rs 25.04 crore.
The effective tax rate
declined to 25.1% in Q3FY2025 compared to 25.5% in Q3FY2024. Provision for tax
was expense of Rs 6.28 crore, compared to Rs 22.40 crore. Profit after tax declined
71% to Rs 18.76 crore.
Business
highlights
AUM of the company has
increased 39% to Rs 14922 crore end December 2024.
Disbursements increased 31%
to Rs 4395 crore.
The company has network of 693
branches manned by 4761 empl...
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