Equitas Small Finance Bank Ltd posts Q2 FY2023 consolidated PAT of Rs. 116.42 crores

Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1147.3941 crores during the period ended September 30, 2022 as compared to Rs. 1073.6190 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 116.4213 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 97.0052 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.92 for the period ended September 30, 2022 as compared to Rs. 0.77 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 1147.3941 crs	₹1073.6190 crs	6.87%
Net Profit	₹116.4213 crs	₹97.0052 crs	20.02%
EPS	₹0.92	₹0.77	19.48%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 1147.3941 crores during the period ended September 30, 2022 as compared to Rs.995.6942 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.116.4213 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.41.1920 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.92 for the period ended September 30, 2022 as compared to Rs.0.36 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 1147.3941 crs	₹995.6942 crs	15.24%
Net Profit	₹116.4213 crs	₹41.1920 crs	182.63%
EPS	₹0.92	₹0.36	155.56%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.2221.0131 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1918.2415 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.213.4265 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.53.1179 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.1.69 for the 6 Months period ended September 30, 2022 as compared to Rs.0.46 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹2221.0131 crs	₹1918.2415 crs	15.78%
Net Profit	₹213.4265 crs	₹53.1179 crs	301.80%
EPS	₹1.69	₹0.46	267.39%

Asset Quality:

Asset Quality	Q2 FY2023	Q1 FY2023	Q2 FY2022
Gross NPA	₹870.2623 crs	₹855.9992 crs	₹880.8254 crs
Gross NPA %	3.91%	4.10%	4.82%
Net NPA	₹430.8818 crs	₹441.2177 crs	₹439.64 crs
Net NPA %	1.97%	2.15%	2.46%

Gross NPA was at ₹ 870.2623 crs in Q2 FY2023 against ₹ 880.8254 crs in Q2 FY2022. The same was at ₹ 855.9992 crs in Q1 FY2023.

Net NPA was at ₹ 430.8818 crs in Q2 FY2023 against ₹ 439.64 crs in Q2 FY2022. The same was at ₹ 441.2177 crs in Q1 FY2023.

GNPA was at 3.91% of Gross advances as on September 30, 2022 as compared to 4.82% as on September 30, 2021 and 4.10% as of June 30, 2022.

Net NPA was at 1.97% of Gross advances as on September 30, 2022 as compared to 2.46% as on September 30, 2021 and 2.15% as of June 30, 2022.

Ratios	Q2 FY2023	Q1 FY2023	Q2 FY2022
RoA %	0.38%	0.33%	0.16%
CAR (BASEL III) %	23.08%	24.62%	22.21%

Return on Average Assets (RoA) is at 0.38% for Q2 FY2023 against 0.33% in Q1 FY2023 and 0.16% in Q2 FY2022.

In Q2 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 23.08%, as compared to 24.62% in Q1 FY2023 and 22.21% in Q2 FY2022.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 48.90 as compared to the previous close of Rs. 48.40. The total number of shares traded during the day was 115895 in over 987 trades.

The stock hit an intraday high of Rs. 49.65 and intraday low of 48.60. The net turnover during the day was Rs. 5688302.00.

Source : Equity Bulls

Keywords

EquitasSmallFinanceBank Q2FY23 H1FY23 ResultUpdate