Equitas Small Finance Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

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.

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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.

Shares of Equitas Small Finance Bank slipped 2.44% to end at Rs 68.69 on Friday, 8 November 2024.

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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.

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The Board of Equitas Small Finance Bank at its meeting held on 08 November 2024 has approved the issuance of upto 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Non-Convertible Debentures having a face value of Rs.1,00,000/- each, of the aggregate nominal value of up to Rs.500 crore including a green shoe option of up to 25,000 Rated, Listed, Unsecured, Redeemable, Fully Paid-Up, Subordinated Non-Convertible Debentures having a face value of Rs. 1,00,000  aggregating up to Rs. 250 crore, in a single series, for inclusion as Tier II Capital.

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