'The income from operation of
Fedbank Financial Services increased 9% to Rs 519.71 crore in Q1FY2026. Overall
OPM improved to 68.9% in Q1FY2026 from 68.8% in Q1FY2025, leading to 9% rise in
operating profit to Rs 357.87 crore.
Other income declined 95% to
Rs 0.65 crore. Interest cost increased 8% to Rs 217.97 crore. Depreciation
moved up 12% to Rs 12.37 crore. The provisions of the company declined 21% to
Rs 27.83 crore, leading to 7% rise in the PBT to Rs 100.35 crore.
The effective tax rate was
flat at 25.25% in Q1FY2026 compared to 25.31% in Q1FY2025. Provision for tax
was expense of Rs 25.34 crore, compared to Rs 23.40 crore. Profit after tax
increased 7% to Rs 75.01 crore.
Business
highlights
AUM of the company has
increased 19% to Rs 15697 crore end June 2025. The company as de-recognized Rs
770 crore of unsecured business loans pursuant to a 100% direct assignment
transaction. Thus the share of secured loans has jumped to 96....
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