Stock Report

Equitas Small Finance Bank Ltd Q4 FY2023 PAT rises to Rs. 190.03 crores

Posted On : 2023-05-06 14:41:29( TIMEZONE : IST )

Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1394.4188 crores during the period ended March 31, 2023 as compared to Rs. 1216.0319 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 190.0377 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 170.1263 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 1.69 for the period ended March 31, 2023 as compared to Rs. 1.34 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹1394.4188 crs	₹1216.0319 crs	14.67%
Net Profit	₹190.0377 crs	₹170.1263 crs	11.70%
EPS	₹1.69	₹1.34	26.12%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.1394.4188 crores during the period ended March 31, 2023 as compared to Rs.1043.9751 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.190.0377 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.119.5089 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.1.69 for the period ended March 31, 2023 as compared to Rs.0.99 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹1394.4188 crs	₹1043.9751 crs	33.57%
Net Profit	₹190.0377 crs	₹119.5089 crs	59.02%
EPS	₹1.69	₹0.99	70.71%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.4831.4638 crores during the Financial Year ended March 31, 2023 as compared to Rs.3997.2258 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.573.5905 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.280.7318 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.4.67 for the Financial Year ended March 31, 2023 as compared to Rs.2.40 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹4831.4638 crs	₹3997.2258 crs	20.87%
Net Profit	₹573.5905 crs	₹280.7318 crs	104.32%
EPS	₹4.67	₹2.40	94.58%

Asset Quality:

Asset Quality	Q4 FY2023	Q3 FY2023	Q4 FY2022
Gross NPA	₹723.9646 crs	₹861.3614 crs	₹837.1836 crs
Gross NPA %	2.76%	3.63%	4.24%
Net NPA	₹312.0164 crs	₹423.4394 crs	₹479.4751 crs
Net NPA %	1.21%	1.82%	2.47%

Gross NPA was at ₹ 723.9646 crs in Q4 FY2023 against ₹ 837.1836 crs in Q4 FY2022. The same was at ₹ 861.3614 crs in Q3 FY2023.

Net NPA was at ₹ 312.0164 crs in Q4 FY2023 against ₹ 479.4751 crs in Q4 FY2022. The same was at ₹ 423.4394 crs in Q3 FY2023.

GNPA was at 2.76% of Gross advances as on March 31, 2023 as compared to 4.24% as on March 31, 2022 and 3.63% as of December 31, 2022.

Net NPA was at 1.21% of Gross advances as on March 31, 2023 as compared to 2.47% as on March 31, 2022 and 1.82% as of December 31, 2022.

Ratios	Q4 FY2023	Q3 FY2023	Q4 FY2022
RoA %	0.56%	0.53%	0.43%
CAR (BASEL III) %	23.80%	24.28%	25.16%

Return on Average Assets (RoA) is at 0.56% for Q4 FY2023 against 0.53% in Q3 FY2023 and 0.43% in Q4 FY2022.

In Q4 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 23.80%, as compared to 24.28% in Q3 FY2023 and 25.16% in Q4 FY2022.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 72.85 as compared to the previous close of Rs. 75.03. The total number of shares traded during the day was 572992 in over 2205 trades.

The stock hit an intraday high of Rs. 76.00 and intraday low of 71.90. The net turnover during the day was Rs. 42571241.00.