FEDFINA

Fedbank Financial Services share price & financials

Price
₹154.57
Market cap
₹5.8k Cr
Sector
Financial Services
Calls analysed
8
Latest concall · Q1 FY27 · call held 15 Jul 2026

Fedbank Financial Services Limited Q1 FY27

PAT ₹114.4 cr +53%RoE 15.4% +38%AUM ₹21,136 cr +35%GNPA 1.6%

What went well

  • AUM grew 35% YoY to ₹21,136 Cr, demonstrating strong overall business expansion.
  • Gold Loan AUM increased 77% YoY to ₹11,191 Cr, leading the growth across segments.
  • Profit after tax (PAT) of ₹114.4 Cr, a significant YoY growth of 52.5%, indicating robust profitability.

What to watch

  • RBI revised LTV framework for gold loans (effective April 1), requiring LTV calculation on total amount due, which is expected to result in optically elevated overdue levels in the near term.
  • Negative direct assignment income of ₹13 Cr during the quarter, a deliberate choice to reduce reliance on direct assignment.
Read the full call →

What Fedbank Financial Services Limited does

Fedbank Financial Services (Fedfina) is a non-banking financial company, majority-owned by Federal Bank, that lends to India's emerging self-employed and MSME segment through a network of branches spread across urban, semi-urban and rural markets. Its "twin-engine" model centres on two fully collateralized products: gold loans (against pledged gold jewellery) and mortgage loans (loan against property and small-ticket housing loans), with in-house valuation used for gold and income/cash-flow-based underwriting for mortgages. The company also originates and sells down part of its loan book to banks via direct assignment and co-lending, and previously wrote unsecured business loans, origination of which has been discontinued. It earns interest income on the loans it holds on its own book (AUM) and fee/gain income on loans assigned off-book to partner banks.

Segments

  • Gold Loans
  • Mortgage Loans - Medium Ticket LAP
  • Mortgage Loans - Small Ticket LAP & Housing Loans
  • Business Loans
Branches
757
States and union territories covered
17
Employees
5,303
Apprentices
417
Gold loan branches
628
MSME hubs
210
Founded 1995Headquarters Mumbai, Maharashtra, IndiaEmployees 5,303 (March 31, 2026 (Q4 FY26)) Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 5 delivered 6 missed 8 open
  • Credit Cost (ROA basis) missed said Q2 FY25 Promised: 90-100 bps for FY25 Q1 FY27: Promise relates to FY25, not discussed.
  • Gold Loan Tonnage Growth at risk said Q4 FY26 Promised: we will be budgeting for a 10%, 15% tonnage growth. Q1 FY27: Q1 tonnage growth was 1% QoQ, which annualizes to ~4%, below the budgeted 10-15% range. Management focus has shifted to AUM growth guidance (25-30% ex-price), but the original tonnage target appears at risk.
  • AUM Growth on track said Q4 FY26 Promised: we will be a 20%, 25% AUM growth company, and we'll continue with that. Q1 FY27: Management reiterated the 20-25% AUM growth guidance for FY27. Q1 AUM grew 35% YoY, tracking ahead of the target range.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 29.6%, net profit up 52.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue513 530 536 517 535 +4%555 +5%616 +15%670 +30%
Net profit65 19 72 75 80 +23%88 +363%101 +40%114 +52%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +12.3% 1Y

₹120₹140₹160₹180Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Oct 2025Q3 FY26 — 16 Jan 2026Q4 FY26 — 28 Apr 2026Q1 FY27 — 15 Jul 2026

1Y: ₹141.16 on 10 Sept 2025 → ₹158.53. High ₹176.39 (14 Jan 2026), low ₹120.82 (9 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+5.6%
15 Jul
Q4 FY26
−3.5%
28 Apr
Q3 FY26
−9.5%
16 Jan
Q2 FY26
−0.5%
17 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 18.7% a year over 2 years, FY24 to FY26.

Year endingFY24FY25FY26
Revenue₹1.6k Cr₹2.1k Cr₹2.2k Cr
Interest₹680 Cr₹853 Cr₹879 Cr
Depreciation₹37 Cr₹49 Cr₹54 Cr
Net profit₹245 Cr₹226 Cr₹344 Cr
Net margin15.5%11.0%15.5%
ROE14.0%9.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹290 Cr₹322 Cr₹322 Cr₹369 Cr₹374 Cr₹374 Cr
Reserves₹545 Cr₹832 Cr₹1.0k Cr₹1.9k Cr₹2.3k Cr₹2.6k Cr
Borrowings₹4.5k Cr₹5.2k Cr₹7.3k Cr₹8.3k Cr—₹13.7k Cr
Other liabilities₹179 Cr₹248 Cr₹445 Cr₹537 Cr₹262 Cr₹274 Cr
Total liabilities₹5.5k Cr₹6.6k Cr₹9.1k Cr₹11.1k Cr₹13.4k Cr₹16.9k Cr
Fixed assets₹133 Cr₹154 Cr₹146 Cr₹146 Cr₹184 Cr₹220 Cr
Capital work in progress₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹2 Cr₹2 Cr
Investments₹32 Cr₹514 Cr₹681 Cr₹751 Cr₹546 Cr₹402 Cr
Other assets₹5.3k Cr₹5.9k Cr₹8.2k Cr₹10.2k Cr₹12.6k Cr₹16.3k Cr
Total assets₹5.5k Cr₹6.6k Cr₹9.1k Cr₹11.1k Cr₹13.4k Cr₹16.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −9.22 pp while FIIs added +8.53 pp. The shareholder count shrank 19% to 1,16,070.

Promoters
60.7%
FIIs
9.3%
DIIs
10.9%
Public
19.1%

Since Jun 2025

  • DIIs −9.22 pp
  • FIIs +8.53 pp
  • Public +0.98 pp

How it drifted, 11 quarters

Over this window DIIs fell from 22.6% to 10.9% — −11.8 pp.

Dec '23Mar '25Jun '26

Ownership split by quarter, oldest first. Dec '23: Promoters 61.6%, FIIs 2.5%, DIIs 22.6%, Public 13.2%.Mar '24: Promoters 61.6%, FIIs 1.1%, DIIs 23.2%, Public 14.2%.Jun '24: Promoters 61.4%, FIIs 0.8%, DIIs 23.4%, Public 14.4%.Sep '24: Promoters 61.2%, FIIs 0.6%, DIIs 22.6%, Public 15.6%.Dec '24: Promoters 61.0%, FIIs 0.5%, DIIs 21.4%, Public 17.1%.Mar '25: Promoters 61.0%, FIIs 0.5%, DIIs 20.8%, Public 17.7%.Jun '25: Promoters 61.0%, FIIs 0.8%, DIIs 20.1%, Public 18.1%.Sep '25: Promoters 60.9%, FIIs 1.2%, DIIs 19.4%, Public 18.6%.Dec '25: Promoters 60.8%, FIIs 0.9%, DIIs 18.2%, Public 20.1%.Mar '26: Promoters 60.8%, FIIs 0.7%, DIIs 18.8%, Public 19.7%.Jun '26: Promoters 60.7%, FIIs 9.3%, DIIs 10.9%, Public 19.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Fedbank Financial Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
The Federal Bank Limited 60.67%newly disclosed
Nomura India Investment Fund Mother Fund Global fund house3.87%newly disclosed
Bandhan Small Cap Fund Mutual fund3.17%+0.96 pp
The Nomura Trust And Banking Co., Ltd As The Trustee Of Nomura India Stock Mother Fund Global fund house3.01%newly disclosed
SBI Life Insurance Co. Ltd Insurer1.94%−0.05 pp
Unifi Blend Fund 2 Mutual fund1.61%unchanged
HDFC Life Insurance Company Limited Insurer1.15%unchanged
Financial Institutions / Banks —off the list
True North Fund Vi LLP —off the list
Nuvama Crossover Opportunities Fund - Series Iii AIF—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Fedbank Financial Services Limited

Guides on how to read this kind of business and the numbers that matter.