Equitas Small Finance Bank Ltd Share Price – NSE  / BSE

Banks, Small Cap

CASA jumped 10.62% to Rs 12,886 crore as of 31st December 2025 compared with Rs 11,649 crore as of 31st December 2024. CASA Ratio increased 30% in Q3 FY26 as against 29% in Q3 FY25.

Gross advances stood at Rs 43,269 crore, registering the growth of 15.86% compared with Rs 37,344 crore posted in the corresponding quarter last year. Micro finance & micro loans fell 3.93% YoY to Rs 5,159 crore while non micro-finance & micro loans jumped 19.19% YoY to Rs 38,110 crore in Q3 FY26.

Early-stage delinquencies showed a meaningful improvement during the quarter. Collection efficiency in the 1-90 DPD (days past due) bucket strengthened, with X-bucket ratio rising from 87.73% in October 2025 to 90.61% in December 2025, indicating better on-time collections. Correspondingly, 1?90 DPD outstanding reduced steadily from Rs 150 crore in October 2025 to Rs 106 crore in December 2025.

As a result, the 1?90 DPD ratio improved sharply, declining from 4.34% in October 2025 to 2.77% in December 2025, indicating a reduction in early stress within portfolio.

In the Microfinance & Micro Loans, asset quality trends were even stronger. X-bucket collection efficiency improved to 98.99% in Q3 FY26 from 98.17% in Q3 FY25. On monthly basis, collections strengthened from 98.69% in October 2025 and remained stable at 99.12% through November and December 2025, underscoring sustained repayment discipline.

During the quarter, the company completed two transactions involving the sale of non performing assets (NPAs) to Asset Reconstruction Companies (ARCs). The bank sold NPA assets worth approximately Rs 55 crore to an ARC and also divested a technically written-off asset pool amounting to Rs 294 crore to an another ARC.

Equitas Small Finance Bank is one of the largest small finance banks in India. The bank posted a profit after tax (PAT) of Rs 24 crore in Q2 FY26, up 87% from Rs 13 crore posted in Q2 FY25.. Net interest income fell 4% YoY to Rs 774 crore, compared with Rs 802 crore in Q2 FY25.

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Equitas Small Finance Bank has appointed Manish Agrawal as President-Finance with effect from 03 November 2025. He has been designated as a Senior Management Personnel of the Bank.

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The frontline indices pared early losses and traded with minor gains in the mid-morning trade amid positive global cues and encouraging domestic economic data. Investors? sentiment remained upbeat on the back of corporate earnings and auto sales data. The Nifty traded above the 25,700 level.

Realty shares advanced after declining in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 22.64 points or 0.03% to 83,973.12. The Nifty 50 index added 25.45 points or 0.10% to 25,745.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.35%, while the S&P BSE Small-Cap index advanced 0.58%.

The market breadth was positive. On the BSE, 2,171 shares rose and 1,756 shares fell. A total of 257 shares were unchanged.

Economy:

The seasonally adjusted HSBC India Manufacturing Purchasing Managers? Index (PMI) was up from 57.7 in September to 59.2 in October, indicating a quicker improvement in the health of the sector. Manufacturing sector conditions in India continued to strengthen in October, buoyed by GST (Goods and Services Tax) relief, productivity gains and tech investment.

IPO Update:

Lenskart Solutions received bids for 14,71,66,686 shares as against 9,97,61,257 shares on offer, according to stock exchange data at 11:20 IST on Monday (3 November 2025). The issue was subscribed 1.48 times. The issue opened for bidding on 31 October 2025 and it will close on 4 November 2025. The price band of the IPO is fixed between Rs 382 and 402 per share.

Studds Accessories received bids for 5,97,15,425 shares as against 54,50,284 shares on offer, according to stock exchange data at 11:20 IST on Monday (3 November 2025). The issue was subscribed 10.96 times. The issue opened for bidding on 30 October 2025 and it will close on 3 November 2025. The price band of the IPO is fixed between Rs 557 and 585 per share.

Buzzing Index:

The Nifty Realty index advanced 1.90% to 965.60. The index fell 0.35% in the past trading session.

Phoenix Mills (up 2.57%), DLF (up 2.53%), Lodha Developers (up 2.28%), Brigade Enterprises (up 1.94%), Prestige Estates Projects (up 1.44%), SignatureGlobal India (up 1.33%), Oberoi Realty (up 1.28%), Godrej Properties (up 0.96%), Sobha (up 0.79%) advanced.

Stocks in Spotlight:

Equitas Small Finance Bank jumped 6.46% after the lender reported a sharp recovery in profitability for the September 2025 quarter.

VST Tillers Tractors added 2.16% after the company reported an 89.36% increase in total sales to 4,664 units in October 2025, up from 2,463 units sold in October 2024.

Global Markets:

Asiamn markets advanced on Monday as investors digested fresh manufacturing data from China and awaited central bank cues, while Japan?s markets remained closed for a public holiday.

China?s manufacturing momentum softened, with RatingDog?s October Purchasing Managers? Index (PMI) coming in at 50.6 ? below both expectations of 50.9 and September?s 51.2 reading. Official data from the National Bureau of Statistics released Friday also indicated a slowdown, with the manufacturing PMI slipping to 49.0, its weakest level in six months.

Meanwhile, the Reserve Bank of Australia began its two-day policy meeting, where it is widely expected to keep rates unchanged after third-quarter inflation came in hotter than anticipated.

On Wall Street, all three major U.S. indexes closed higher Friday, led by tech gains. The Nasdaq Composite rose 0.61% to 23,724.96, the S&P 500 added 0.26% to 6,840.20, and the Dow Jones Industrial Average edged up 0.09% to 47,562.87.

Amazon shares surged 9.6% after the company reported a 20% jump in cloud-computing revenue for the third quarter. The streaming giant Netflix added 2.7% after the company announced a 10-for-1 stock split.

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The bank posted a profit after tax (PAT) of Rs 24 crore in Q2 FY26, up 87% year-on-year from Rs 13 crore in Q2 FY25, marking a strong turnaround from a loss of Rs 224 crore in Q1 FY26.

Net interest income fell 4% YoY to Rs 774 crore, compared with Rs 802 crore in Q2 FY25, and declined 2% sequentially from Rs 786 crore in Q1 FY26. Pre-tax profit (PBT), however, jumped 63% YoY to Rs 34 crore, reversing a loss of Rs 297 crore in Q1 FY26.

The bank?s total operating expenditure rose 11% YoY to Rs 757 crore, remaining flat sequentially. Employee costs increased 18% YoY to Rs 474 crore, while operating expenses were up 2% YoY to Rs 283 crore.

PBT before provision and write-offs stood at Rs 241 crore, down 31% YoY and 24% QoQ, impacted by higher operating costs. However, credit cost dropped sharply to Rs 207 crore, improving 66% QoQ from Rs 612 crore in Q1 FY26, and 37% YoY from Rs 330 crore.

On the business front, gross advances grew by 4% QoQ & 9% YoY supported by increase in disbursements, particularly MFI. Disbursements in MFI grew by 156% QoQ. The non-microfinance book expanded 17% YoY, supported by 17% growth in small business loans (SBL), which crossed Rs 17,000 crore. The used car advances portfolio grew 43% YoY to Rs 2,100 crore, while used commercial vehicle loans rose 25% YoY to Rs 5,000 crore.

Overall deposits grew by 11% YoY & flat QoQ. The CASA ratio remained stable at 31%, while retail term deposits rose 11% YoY to Rs 19,272 crore. The cost-to-income ratio stood at 75.9% in Q2 FY26, higher than 70.6% in Q1 FY26 and 66.1% in Q2 FY25.

Asset quality remained stable, with gross NPA steady at 2.82% and net NPA at 0.95%, similar to Q1 levels. The credit cost ratio improved sharply to 2.16%, compared to 6.48% in Q1 FY26 and 3.72% in Q2 FY25. Net Slippages improved by about 1% QoQ to 3.78% in Q2FY26 as compared to 4.77% in Q1FY26.

The bank reported a net worth of Rs 5,858 crore, and capital adequacy ratio (CRAR) of 20.74%, comprising Tier I capital at 16.44% and Tier II at 4.30%, well above regulatory requirements. Liquidity remained robust, with the Liquidity Coverage Ratio (LCR) at 184.4%.

Treasury & PSLC fee income for the quarter stood at Rs 34 crore, down 27% YoY and down 72% QoQ. The bank?s certificate of deposit (CD) programme continued to hold the highest rating of A1+ from India Ratings, CareEdge, and CRISIL.

Equitas Small Finance Bank is one of the largest small finance banks in India.

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