Equitas Small Finance Bank Ltd

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live

Equitas Small Finance Bank has allotted 1,22,058 equity shares under ESOP on 07 March 2025. The paid-up share capital of the Bank accordingly increases from Rs. 11,39,74,03,630/- to Rs.11,39,86,24,210/- Powered by Capital Market - Live

Net profit of Equitas Small Finance Bank declined 67.18% to Rs 66.30 crore in the quarter ended December 2024 as against Rs 202.00 crore during the previous quarter ended December 2023. Total Operating Income rose 12.82% to Rs 1611.93 crore in the quarter ended December 2024 as against Rs 1428.80 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income1611.931428.80 13 OPM %40.0149.98 - PBDT89.74275.93 -67 PBT89.74275.93 -67 NP66.30202.00 -67 Powered by Capital Market - Live

Equitas Small Finance Bank has received reaffirmation in credit ratings as follows: Issuer rating - CARE AA-; Stable Lower Tier II bonds (Basel II) (Rs 500 crore) - CARE AA-;Stable Certificate of deposits (Rs 1500 crore) - CARE A1+Powered by Capital Market - Live

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Equitas Small Finance Bank has allotted 86,134 equity shares under ESOP on 07 January 2025. The paid-up share capital of the Bank accordingly increases from Rs. 11,39,32,14,500/- to Rs. 11,39,40,75,840/-. Powered by Capital Market - Live

On a quarter-on-quarter (QoQ) basis, total deposits rose 2.21% from Rs 39,859 crore posted on 31 September 2024. Total gross advances increased 13.94% year on year (YoY) and 3.58% QoQ to Rs 37,345 crore as on 31 December 2024. The total gross advances include an Inter-Bank Participation Certificates (IBPC)/Securitized/Assigned portfolio amounting to Rs 1,228 crore as of 31 December 2024, down from Rs 1,398 crore in September 2024. As of 30 September 2024, CASA (Current Account Savings Account) deposits stood at Rs 11,668 crore, registering a growth of 9.79% YoY and down 4.24% QoQ. The bank's CASA ratio was at 29% as on 31 December 2024, a decline from 33% posted as on 31 December 2023. Cost of funds increased to 7.49% in Q3 FY25 from 7.36% in Q3 FY24 and 7.50% in Q2 FY25. 'The non-microfinance portfolio of the bank, which now forms 86% of the total advances, has grown by 20% YoY. The bank has consciously slowed down disbursements in microfinance, leading to a 11% drop in advances YoY. The stress in microfinance is finally showing early signs of stability, with the collection efficiencies of Q3FY25 being at the same level as Q2FY25. With the many initiatives taken by the bank, along with the tightening of lending discipline by the industry SRO, we expect the collection efficiency to improve in the fourth quarter,' the bank stated in an exchange filing. The bank has successfully raised Rs 500 crore of Tier II bonds in December 24. The bank's capital adequacy is now healthy at above 20%. Equitas Small Finance Bank offers products and services to meet the needs of individuals with limited access to formal financing channels, as well as affluent and mass affluent small & medium enterprises (SMEs) and corporations. The bank reported net profit tumbled 93.5% to Rs 12.88 crore in Q2 FY25 as against Rs 198.14 crore recorded in Q2 FY24. Total income stood at Rs 1,793.80 crore in the second quarter of FY25, registering a growth of 16.45% on YoY basis.Powered by Capital Market - Live

Equitas Small Finance Bank has allotted 2,36,997 equity shares of Rs.10/- each, to the option grantees who have exercised their options granted under the ESOP Scheme. The paid-up share capital of the Bank accordingly increases from Rs.11,39,08,44,530/- to Rs. 11,39,32,14,500/-. Powered by Capital Market - Live

Total income stood at Rs 1,793.80 crore in second quarter of FY25, registering a growth of 16.45% on YoY basis. Profit before tax tanked 92.49% year on year (YoY) to Rs 20.06 crore in the quarter ended 30 September 2024. Net interest income in September 2024 quarter stood at Rs 802 crore, up 4.7% from Rs 766 crore posted in same quarter a year ago. Net interest margin (NIM) reduced to 7.69% in Q2 of FY25 as compared to 8.43% recorded in corresponding quarter last year. On asset quality front, gross non-performing assets (GNPA) improved to 2.95% in Q2 FY25 as compared to 2.12% in Q2 FY24. Net non-performing assets (NNPA) increased to 0.97% in Q2 FY25 as compared to 0.91% in Q2 FY25. Gross slippages stood at 5.80% in September 2024 quarter as compared to 3.47% in same quarter previous fiscal. Gross advances stood at Rs 36,053 crore, registering a growth of 15.45% YoY. The bank registered disbursements de-growth of 2.24% YoY to Rs 4,850 crore. Deposits grew 29.25% YoY to reach Rs 39,859 crore. During the quarter, return on assets (ROA) and return on equity (ROE) stood at 0.11% and 0.86%, respectively. The bank's net worth stood at Rs 5,947 crore. As of 30 September 2024, Total CRAR at 19.36%, Tier I at 18.11% and Tier II at 1.25%. The bank's liquidity coverage ratio (LCR) as on 30 September 2024 was 158.79%. Equitas Small Finance Bank offers products and services to meet the needs of individuals with limited access to formal financing channels, as well as affluent and mass affluent, small & medium enterprises (SMEs) and corporates. The counter hit a 52 week low of Rs 64.09 on the BSE. Powered by Capital Market - Live

Net profit of Equitas Small Finance Bank declined 93.50% to Rs 12.88 crore in the quarter ended September 2024 as against Rs 198.14 crore during the previous quarter ended September 2023. Total Operating Income rose 14.41% to Rs 1554.87 crore in the quarter ended September 2024 as against Rs 1358.99 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1554.871358.99 14 OPM %34.3249.97 - PBDT20.06267.00 -92 PBT20.06267.00 -92 NP12.88198.14 -93 Powered by Capital Market - Live