ESAF Small Finance Bank Ltd Q4 FY2024 net profit slumps to Rs. 43.35 crores

ESAF 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. 1151.84 crores during the period ended March 31, 2024 as compared to Rs. 1094.35 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 43.35 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 112.14 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 0.91 for the period ended March 31, 2024 as compared to Rs. 2.42 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 1151.84 crs	₹1094.35 crs	5.25%
Net Profit	₹43.35 crs	₹112.14 crs	-61.34%
EPS	₹0.91	₹2.42	-62.40%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 1151.84 crores during the period ended March 31, 2024 as compared to Rs.867.82 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.43.35 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.101.38 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.0.91 for the period ended March 31, 2024 as compared to Rs.2.25 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 1151.84 crs	₹867.82 crs	32.73%
Net Profit	₹43.35 crs	₹101.38 crs	-57.24%
EPS	₹0.91	₹2.25	-59.56%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.4260.25 crores during the Financial Year ended March 31, 2024 as compared to Rs.3141.57 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.425.57 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.302.33 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.8.94 for the Financial Year ended March 31, 2024 as compared to Rs.6.71 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹4260.25 crs	₹3141.57 crs	35.61%
Net Profit	₹425.57 crs	₹302.33 crs	40.76%
EPS	₹8.94	₹6.71	33.23%

Asset Quality:

Asset Quality	Q4 FY2024	Q3 FY2024	Q4 FY2023
Gross NPA	₹893.04 crs	₹713.20 crs	₹351.69 crs
Gross NPA %	4.76%	4.16%	2.49%
Net NPA	₹413.79 crs	₹368.31 crs	₹157.89 crs
Net NPA %	2.26%	2.19%	1.13%

Gross NPA was at ₹ 893.04 crs in Q4 FY2024 against ₹ 351.69 crs in Q4 FY2023. The same was at ₹ 713.20 crs in Q3 FY2024.

Net NPA was at ₹ 413.79 crs in Q4 FY2024 against ₹ 157.89 crs in Q4 FY2023. The same was at ₹ 368.31 crs in Q3 FY2024.

GNPA was at 4.76% of Gross advances as on March 31, 2024 as compared to 2.49% as on March 31, 2023 and 4.16% as of December 31, 2023.

Net NPA was at 2.26% of Gross advances as on March 31, 2024 as compared to 1.13% as on March 31, 2023 and 2.19% as of December 31, 2023.

Ratios	Q4 FY2024	Q3 FY2024	Q4 FY2023
RoA %	0.17%	0.51%	0.55%
CAR (BASEL III) %	23.27%	21.03%	19.83%

Return on Average Assets (RoA) is at 0.17% for Q4 FY2024 against 0.51% in Q3 FY2024 and 0.55% in Q4 FY2023.

In Q4 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 23.27%, as compared to 21.03% in Q3 FY2024 and 19.83% in Q4 FY2023.

Shares of ESAF Small Finance Bank Limited was last trading in BSE at Rs. 59.93 as compared to the previous close of Rs. 60.46. The total number of shares traded during the day was 64804 in over 823 trades.

The stock hit an intraday high of Rs. 61.00 and intraday low of 59.77. The net turnover during the day was Rs. 3904627.00.

Source : Equity Bulls

Keywords

ESAFSmallFinanceBank Q4FY24 FY2024 ResultUpdate