Conference Call with Equitas Small Finance Bank Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Equitas Small Finance Bank announced Q4F24 & FY24 results: Q4FY24 Financial Highlights: Quarterly PAT: The PAT for Q4FY24 stood at Rs 208 crore compared to Rs 190 crore in Q4FY23. Gross Advances: Recorded at Rs 34,337 crore in Q4FY24, witnessing a 23% YoY growth. Gross Non-Performing Assets (GNPA): Reduced to 2.52% in Q4FY24 from 2.60% in Q4FY23. Securitized Portfolio: Amounting to Rs 1,732 crore with Rs 584 crore securitized/assigned in Q4FY24. Used Car Advances: Surpassed Rs 1,200 crore during Q4FY24. Merchant Overdraft (OD): Grew 213% YoY to Rs 992 crore in Q4FY24. Credit-Deposit Ratio (CD Ratio): Improved to 86.98% in March 2024 from 103.40% in March 2023. Net Interest Margin (NIM): Reported at 8.17% for Q4FY24. FY24 Financial Highlights: Annual Profit After Tax (PAT): The bank reported its highest PAT of Rs 799 crore for FY24, marking a growth of 39% compared to Rs 574 crore in FY23. Total Deposits: As of Q4FY24, deposits reached Rs 36,129 crore, a robust 43% increase YoY. Return on Assets (RoA) and Return on Equity (RoE): For FY24 stood at 2.00% and 14.43%, respectively. Efficiency and Capital Ratios: Cost to Income Ratio: Remained stable at 62.83% in Q4FY24. Capital Adequacy: Total CRAR at 21.70%, with Tier I at 20.71% and Tier II at 0.99%. Provision Coverage Ratio: Bank maintains a stringent provisioning norm at 56.06%. Issuer Rating: The bank's rating stands at AA-/Stable. Liquidity Coverage Ratio (LCR): Tallied at 176% as of March 31, 2024. Investment Gains: Profit on the sale of investments for the quarter is Rs 25.64 crore. CASA Ratio: Stood at 32%, with Term Deposits witnessing a 68% YoY growth to Rs 24,577 crore. Result PDF