Fedbank Financial Services Ltd
NSE:FEDFINA
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Fedbank Financial Services Ltd
Fedbank Financial Services Ltd is a IN-based company operating in Consumer Finance industry. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-11-30. Fedbank Financial Services Limited is an India-based a non-banking finance company (NBFC). The firm is engaged in the business of lending and has a diversified lending portfolio consisting of gold loans, loan against property, home loans, small and mid-size enterprises (SME) loans and wholesale finance. The firm also extends Micro Loans through tie ups with sourcing and servicing agents. The firm operates in three segments, namely Distribution (retail loan/insurance products), Retail Finance, and Wholesale Finance. The Distribution Segment comprises of sourcing business of home loans, auto loans, personal loans and SME Loans for holding company. The Retail Finance Segment comprises of gold Loans, loan against property, MSE Loan against property, business loans, personal loans, and housing finance. The Wholesale Finance Segment comprises of construction finance and loans to other NBFCs.
Fedbank Financial Services Ltd is a IN-based company operating in Consumer Finance industry. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-11-30. Fedbank Financial Services Limited is an India-based a non-banking finance company (NBFC). The firm is engaged in the business of lending and has a diversified lending portfolio consisting of gold loans, loan against property, home loans, small and mid-size enterprises (SME) loans and wholesale finance. The firm also extends Micro Loans through tie ups with sourcing and servicing agents. The firm operates in three segments, namely Distribution (retail loan/insurance products), Retail Finance, and Wholesale Finance. The Distribution Segment comprises of sourcing business of home loans, auto loans, personal loans and SME Loans for holding company. The Retail Finance Segment comprises of gold Loans, loan against property, MSE Loan against property, business loans, personal loans, and housing finance. The Wholesale Finance Segment comprises of construction finance and loans to other NBFCs.
Strong Gold Loan Growth: Gold loan AUM grew 52% year-over-year, with disbursals hitting a record INR 7,853 crores in the quarter and 54 new branches opened.
Asset Mix Shift: Company has reduced unsecured business loans to just 0.6% of the book, making over 99% of loans now fully secured by property or gold.
Profitability Improves: Net profit for Q3 FY '26 was INR 87.9 crores, with net interest income up 16.8% year-over-year to INR 318.9 crores.
Stable Asset Quality: Credit cost held steady at 0.9%, and gross Stage III loans rose slightly to 2.1% from 1.9% last quarter, as anticipated.
Cost Investment Ongoing: Operating expenses increased largely due to new branch openings and regulatory labor code changes, impacting cost-to-income for now.
Guidance Maintained: Management reaffirmed their focus on gold and LAP businesses, secured lending, and keeping credit cost around 1%, with further operating leverage expected next year.
