ESAF Small Finance Bank announced Q3FY25 results Business Growth: Total business grew by 12.3% YoY to Rs 41,576 crore in Q3FY25 compared to Rs 37,009 crore in Q3FY24. Advances: Gross advances increased by 6.6% YoY to Rs 18,291 crore in Q3FY25 from Rs 17,153 crore in Q3FY24. Total Loan Book stood at Rs 19,161 crore, up by 5.6% YoY. Micro Loans accounted for 57%, Gold Loans for 24%, and Other secured Loans for 19%. Disbursements during Q3FY25 amounted to Rs 5,544 crore compared to Rs 3,893 crore in Q3FY24. Deposits: Total deposits grew by 18.9% YoY to Rs 22,415 crore in Q3FY25 compared to Rs 18,860 crore in Q3FY24. CASA deposits surged by 57.0% YoY to Rs 5,592 crore in Q3FY25 from Rs 3,562 crore in Q3FY24. CASA ratio improved to 24.9% in Q3FY25 from 18.9% in Q3FY24. Profitability Metrics: Net Interest Income (NII) stood at Rs 487 crore compared to Rs 597 crore in Q2FY24, reflecting changes in the loan mix and an increase in slippage. Net Interest Margin (NIM) for Q3FY25 was 8.64%. Pre-provisioning operating profit (PPoP) before exception items in Q3FY25 stood at Rs 127 crore compared to Rs 288 crore in Q3FY24. The bank set aside additional provisions of Rs 251.8 crore over and above the policy requirements, reducing Net NPA and improving coverage. In Q3FY24, additional provisions amounted to Rs 124.93 crore. The bank reported a loss of Rs 211 crore in Q3FY25 compared to a loss of Rs 190 crore in the previous quarter. Cost of funds for Q3FY25 remained stable at 7.7%. CRAR was at healthy level 22.70%, with Tier I capital at 18.67% as of December 2024. Asset Quality: Provision Coverage Ratio improved to 78.58% as of December 31, 2024, from 73.70% in the previous quarter. Net NPA stood at 2.97%, marginally improving from 2.98% in the previous quarter. K. Paul Thomas, MD & CEO, ESAF Small Finance Bank, said: “We have registered strong growth in total business and witnessed a significant rise in CASA deposits. 92% of our deposits are retail, reflecting our financial stability. We remain confident in improving asset quality over the next one to two quarters, driven by our commitment to responsible lending and diversification to mitigate concentration risks. Additionally, our focus on technological advancements will enhance operational efficiency and elevate customer experience.” Result PDF