Guidance ledger · Q4 FY26

Federal Bank Limited FEDERALBNK

2 revisions on record · 0 lowered · 1 raised — the strikethrough is what management used to say

directional guidance only · held across quarters

Holding view → · latest concall · The pulse

↔ widened FY26 full-year credit cost Q1 FY26 → Q4 FY26

~~around 55 bps (Q1FY26)~~ → ~56 bps actual; 50-60 bps guidance maintained for FY27

“credit cost guidance has been 50 to 60 basis points in the past. Of course, we have done better than that in this year. Broadly, we have -- if you take the year, we are about 56 basis points.”

↑ raised NIM trajectory Q2 FY26 → Q4 FY26

~~Q2FY26 bottom, going up directionally (no number given)~~ → 3.20% reached, pre-rate-cut parity restored, multiple levers remaining

“NIM expanded to 3.20%, up 2 basis sequentially. This was supported by a further reduction in funding costs within the overall cost of funds declining 4 basis points to 5.46%.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.