Equitas Small Finance Bank posts net profit of Rs. 207.62 crores in Q4 FY2024

Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1685.1081 crores during the period ended March 31, 2024 as compared to Rs. 1634.2720 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 207.6208 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 202.0008 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 1.81 for the period ended March 31, 2024 as compared to Rs. 1.77 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 1685.1081 crs	₹1634.2720 crs	3.11%
Net Profit	₹207.6208 crs	₹202.0008 crs	2.78%
EPS	₹1.81	₹1.77	2.26%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 1685.1081 crores during the period ended March 31, 2024 as compared to Rs.1394.4188 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.207.6208 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.190.0377 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.1.81 for the period ended March 31, 2024 as compared to Rs.1.69 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 1685.1081 crs	₹1394.4188 crs	20.85%
Net Profit	₹207.6208 crs	₹190.0377 crs	9.25%
EPS	₹1.81	₹1.69	7.10%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.6285.0740 crores during the Financial Year ended March 31, 2024 as compared to Rs.4831.4638 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.798.9602 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.573.5905 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.7.01 for the Financial Year ended March 31, 2024 as compared to Rs.4.67 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹6285.0740 crs	₹4831.4638 crs	30.09%
Net Profit	₹798.9602 crs	₹573.5905 crs	39.29%
EPS	₹7.01	₹4.67	50.11%

Asset Quality:

Asset Quality	Q4 FY2024	Q3 FY2024	Q4 FY2023
Gross NPA	₹821.2772 crs	₹750.2564 crs	₹723.9646 crs
Gross NPA %	2.61%	2.53%	2.76%
Net NPA	₹360.8988 crs	₹330.3362 crs	₹312.0164 crs
Net NPA %	1.17%	1.13%	1.21%

Gross NPA was at ₹ 821.2772 crs in Q4 FY2024 against ₹ 723.9646 crs in Q4 FY2023. The same was at ₹ 750.2564 crs in Q3 FY2024.

Net NPA was at ₹ 360.8988 crs in Q4 FY2024 against ₹ 312.0164 crs in Q4 FY2023. The same was at ₹ 330.3362 crs in Q3 FY2024.

GNPA was at 2.61% of Gross advances as on March 31, 2024 as compared to 2.76% as on March 31, 2023 and 2.53% as of December 31, 2023.

Net NPA was at 1.17% of Gross advances as on March 31, 2024 as compared to 1.21% as on March 31, 2023 and 1.13% as of December 31, 2023.

Ratios	Q4 FY2024	Q3 FY2024	Q4 FY2023
RoA %	0.47%	0.48%	0.56%
CAR (BASEL III) %	21.7%	20.24%	23.80%

Return on Average Assets (RoA) is at 0.47% for Q4 FY2024 against 0.48% in Q3 FY2024 and 0.56% in Q4 FY2023.

In Q4 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 21.7%, as compared to 20.24% in Q3 FY2024 and 23.80% in Q4 FY2023.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 100.48 as compared to the previous close of Rs. 98.46. The total number of shares traded during the day was 228300 in over 1902 trades.

The stock hit an intraday high of Rs. 100.83 and intraday low of 97.90. The net turnover during the day was Rs. 22707105.00.

Source : Equity Bulls

Keywords

EquitasSmallFinanceBank Q4FY24 FY2024 ResultUpdate