Equitas Small Finance Bank announced Q1FY25 results: Financial Highlights: Yield on Gross Advances improved by 13 bps to 16.45% in Q1FY25 over previous year Gross Advances growth at 18% YoY and 2% QoQ. Non MF book grew 21% YoY, led by 35% growth in Housing Finance and 27% growth in SBL Overall deposits registered a robust growth of 35% YoY & 4% QoQ Key Ratios: NIM stood at 7.97% Cost to Income stood at 65.75% in Q1FY25 as compared to 62.83% in Q4FY24 and 65.05% in Q1FY24 RoA and RoE for Q1FY25 at 0.22% and 1.72% Capital: Networth of the Bank stands at Rs 6,008 crore As of June 30, 2024, Total CRAR at 20.55% | Tier I at 19.59% and Tier II at 0.96% 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 30.06.2024 is 178.60% Profit on sale of Investments for the quarter is Rs 29.24 crore Profit & Loss: Net Income, Total Opex and PPOP grew by 11%, 13% and 9% YoY, for Q1FY25 respectively PAT stood at Rs 26 crore for Q1FY25, decline of 87% YoY and 88% QoQ due to floating provision of Rs 180 crore to strengthen the PCR of the bank. Asset Quality & Provisions: Annualized gross slippages stands at 4.49% for Q1FY25 as compared to 4.34% in Q4FY24 and 3.07% in Q1FY24 GNPA increased by 7 bps YoY to 2.67% in Q1FY25 as compared to 2.60% in Q1FY24 NNPA improved by 31 bps YoY to 0.81% in Q1FY25 as compared to 1.12% in Q1FY24 In order to strengthen PCR, Bank has made additional provision in the form of floating provision of Rs.180 crore during the quarter, PCR improved to 70.29% in Q1FY25 from 56.06% in Q4FY24 and 57.79% in Q1FY24 Business Highlights: New products scale up well. Merchant OD and Used Cars advances crossed Rs 1100 crore and Rs 1300 crore respectively in Q1FY25 Disbursement growth of 78% YoY in Micro-LAP (part of SBL) as portfolio indicators turn favourable CASA ratio stable at 31%; CA balances grew 32% YoY Strong Retail Term Deposits growth of 47% YoY to Rs 16,128 crore Result PDF