Microfinance Institutions company Equitas Small Finance Bank announced Q4FY25 results Financial Highlights: Profit & Loss: Net Income and Total Opex grew by 9% and 15% YoY, for full year FY25 respectively. PAT stood at Rs 42 crore for Q4FY25 Business Highlights: Vehicle Finance portfolio has crossed Rs 9400 crore during the quarter. Used Car Advances closed at Rs 1873 crore registered a growth of 53% YoY. Used CV Advances registered a growth of 24% YoY. CASA ratio stable at 29%; CA balances grew 36% YoY. Strong Retail Term Deposits growth of 25% YoY to Rs 18,447 crore. Key Ratios: NIM for the quarter stood at 7.13%. Cost to Income stood at 70.28% in Q4FY25 as compared to 68.30% in Q3FY25 and 62.83% in Q4FY24. RoA and RoE for Q4FY25 at 0.32% and 2.79% respectively. Capital: Networth of the Bank stands at Rs 6,073 crore. As of March 31, 2025, Total CRAR at 20.60% | Tier I at 17.84% and Tier II at 2.76%. Treasury & Liquidity: The Bank’s Certificate of Deposit (CD) programme has highest rating at A1+ from India Ratings, CareEdge Ratings & CRISIL. Liquidity Coverage Ratio (LCR) as on 31.03.2025 is 200.96%. Profit on sale of Investments for the quarter is Rs 28.23 crore. Asset Quality & Provisions: Gross Slippages improved by 56 bps QoQ to 5.94% in Q4FY25 as compared to 6.50% in Q3FY25. Net slippages remained flat QoQ to 3.16% in Q4FY25 as compared to 3.15% in Q3FY25. GNPA improved by 8 bps QoQ to 2.89% in Q4FY25 as compared to 2.97% in Q3FY25. NNPA increased by 2 bps QoQ to 0.98% in Q4FY25 as compared to 0.96% in Q3FY25. Key Highlights for Q4FY25: Gross Advances growth at 11% YoY and 2% QoQ. Non Microfinance book grew 19% YoY, led by 25% growth in SBL over previous year. Overall deposits registered a growth of 19% YoY & 6% QoQ. Result PDF
Equitas Small Finance Bank announced Q3FY25 results Yield on Gross Advances improved by 6 bps to 16.55% in Q3FY25 over Q2FY25. Gross Advances growth at 14% YoY and 4% QoQ. Non Microfinance book grew 20% YoY, led by 27% growth in SBL over Q2FY25. Overall deposits registered a growth of 26% YoY & 2% QoQ. Net Income and Total Opex grew by 8% and 18% YoY, for Q3FY25 respectively. PAT stood at Rs 66 crore for Q3FY25. Vehicle Finance portfolio has crossed Rs 9000 crore during the Q3FY25. Used Car Advances closed at ~Rs 1700 Cr ticking a growth of 55% YoY. CASA ratio stable at 29%; CA balances grew 56% YoY. Strong Retail Term Deposits growth of 31% YoY to Rs 17,992 crore. Key Ratios: NIM stood at 7.39%. Cost to Income stood at 68.30% in Q3FY25 as compared to 66.09% in Q2FY25 and 62.88% in Q3FY24. RoA and RoE for Q3FY25 at 0.53% and 4.44% respectively. Capital: Networth of the Bank stands at Rs 6,007 crore. During the quarter, the Bank raised Rs 500 crore through issuance of Tier-II Bonds for a tenure of 6 yeaRs As of December 31, 2024, Total CRAR at 20.29% | Tier I at 17.50% and Tier II at 2.79%. Treasury & Liquidity: The Bank’s Certificate of Deposit (CD) programme has highest rating at A1+ from India Ratings, CareEdge Ratings & CRISIL. Liquidity Coverage Ratio (LCR) as on 31.12.2024 is 184.80%. Profit on sale of Investments for the quarter is Rs 39.35 crore. Asset Quality & Provisions: Net slippages improved by 16 bps QoQ to 3.15% in Q3FY25 as compared to 3.31% in Q2FY25. GNPA increased by 2 bps QoQ to 2.97% in Q3FY25 as compared to 2.95% in Q2FY25. NNPA improved by 1 bps QoQ to 0.96% in Q3FY25 as compared to 0.97% in Q2FY25. Result PDF
Equitas Small Finance Bank announced Q2FY25 results Yield on Gross Advances improved by 4 bps to 16.49% in Q2FY25 over previous quarter. Gross Advances growth at 15% YoY and 3% QoQ. Non Microfinance book grew 20% YoY, led by 23% growth in Housing Finance and 28% growth in SBL over previous year. Overall deposits registered a robust growth of 29% YoY & 6% QoQ Business Highlights: UCV and Used Cars witnessed robust growth with highest ever quarterly disbursements of Rs 887 crore and Rs 323 crore respectively. Used Cars advances crossed Rs 1500 crore in Q2FY25. Disbursement growth of 156% YoY in Micro-LAP (part of SBL). CASA ratio stable at 31%; CA balances grew 72% YoY. Strong Retail Term Deposits growth of 39% YoY to Rs 17,340 crore. Key Ratios: NIM stood at 7.69%. Cost to Income stood at 66.09% in Q2FY25 as compared to 65.75% in Q1FY25 and 64.37% in Q2FY24. RoA and RoE for Q2FY25 at 0.11% and 0.86% respectively. Capital: Networth of the Bank stands at Rs 5,947 crore. As of September 30, 2024, Total CRAR at 19.36% | Tier I at 18.11% and Tier II at 1.25%. Treasury & Liquidity: The Bank’s Certificate of Deposit (CD) programme has highest rating at A1+ from India Ratings, CareEdge Ratings & CRISIL. Liquidity Coverage Ratio (LCR) as on 30.09.2024 is 158.79%. Profit on sale of Investments for the quarter is Rs 47.87 crore. Profit & Loss: Net Income, Total Opex and PPOP grew by 11%, 14% and 6% YoY, for Q2FY25 respectively. PAT stood at Rs 13 crore for Q2FY25, as Bank made extra provisions of ~ Rs 146 crore towards Microfinance portfolio. Asset Quality & Provisions: GNPA increased by 28 bps QoQ to 2.95% in Q2FY25 as compared to 2.67% in Q1FY25. NNPA increased by 16 bps QoQ to 0.97% in Q2FY25 as compared to 0.81% in Q1FY25. Result PDF