Equitas Small Finance Bank Q4FY22 net profit higher at Rs. 119.50 crores

Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2022.

Financial Results (Q4 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1043.9751 crores during the period ended March 31, 2022 as compared to Rs. 1035.0092 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs. 119.5089 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs. 108.1050 crores for the period ended December 31, 2021.

The company has reported EPS of Rs. 0.99 for the period ended March 31, 2022 as compared to Rs. 0.93 for the period ended December 31, 2021.

Financials	Q4 FY2022	Q3 FY2022	% Change
Total Income	₹ 1043.9751 crs	₹1035.0092 crs	0.87%
Net Profit	₹119.5089 crs	₹108.1050 crs	10.55%
EPS	₹0.99	₹0.93	6.45%

Financial Results (Q4 FY2022) - YoY Comparison

The company has reported total income of Rs. 1043.9751 crores during the period ended March 31, 2022 as compared to Rs.996.7295 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.119.5089 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs.112.8687 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.99 for the period ended March 31, 2022 as compared to Rs.0.98 for the period ended March 31, 2021.

Financials	Q4 FY2022	Q4 FY2021	% Change
Total Income	₹ 1043.9751 crs	₹996.7295 crs	4.74%
Net Profit	₹119.5089 crs	₹112.8687 crs	5.88%
EPS	₹0.99	₹0.98	1.02%

Financial Results (Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.3997.2258 crores during the Financial Year ended March 31, 2022 as compared to Rs.3612.4679 crores during the Financial Year ended March 31, 2021.

The company has posted net profit / (loss) of Rs.280.7318 crores for the Financial Year ended March 31, 2022 as against net profit / (loss) of Rs.384.2232 crores for the Financial Year ended March 31, 2021.

The company has reported EPS of Rs.2.40 for the Financial Year ended March 31, 2022 as compared to Rs.3.49 for the Financial Year ended March 31, 2021.

Financials	Year Ended FY2022	Year Ended FY2021	% Change
Total Income	₹3997.2258 crs	₹3612.4679 crs	10.65%
Net Profit	₹280.7318 crs	₹384.2232 crs	-26.94%
EPS	₹2.40	₹3.49	-31.23%

Asset Quality:

Asset Quality	Q4 FY2022	Q3 FY2022	Q4 FY2021
Gross NPA	₹837.1836 crs	₹863.8178 crs	₹642.7842 crs
Gross NPA %	4.24%	4.61%	3.73%
Net NPA	₹479.4751 crs	₹459.4246 crs	₹266.1746 crs
Net NPA %	2.47%	2.51%	1.58%

Gross NPA was at ₹ 837.1836 crs in Q4 FY2022 against ₹ 642.7842 crs in Q4 FY2021. The same was at ₹ 863.8178 crs in Q3 FY2022.

Net NPA was at ₹ 479.4751 crs in Q4 FY2022 against ₹ 266.1746 crs in Q4 FY2021. The same was at ₹ 459.4246 crs in Q3 FY2022.

GNPA was at 4.24% of Gross advances as on March 31, 2022 as compared to 3.73% as on March 31, 2021 and 4.61% as of December 31, 2021.

Net NPA was at 2.47% of Gross advances as on March 31, 2022 as compared to 1.58% as on March 31, 2021 and 2.51% as of December 31, 2021.

Ratios	Q4 FY2022	Q3 FY2022	Q4 FY2021
RoA %	0.43%	0.41%	0.44%
CAR (BASEL III) %	25.16%	21.91%	24.18%

Return on Average Assets (RoA) is at 0.43% for Q4 FY2022 against 0.41% in Q3 FY2022 and 0.44% in Q4 FY2021.

In Q4 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 25.16%, as compared to 21.91% in Q3 FY2022 and 24.18% in Q4 FY2021.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 52.05 as compared to the previous close of Rs. 53.50. The total number of shares traded during the day was 74829 in over 672 trades.

The stock hit an intraday high of Rs. 54.90 and intraday low of 51.60. The net turnover during the day was Rs. 3982656.00.

Source : Equity Bulls

Keywords

EquitasSmallFinanceBank Q4FY22 FY2022 ResultUpdate