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Stock Report
Equitas Small Finance Bank Ltd Q1FY25 profit slumps to Rs. 25.75 crores
Posted On : 2024-07-28 11:50:31( TIMEZONE : IST )
Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended June 30, 2024.
Financial Results (Q1 FY2025) - QoQ Comparison
The company has reported total income of Rs. 1709.6570 crores during the period ended June 30, 2024 as compared to Rs. 1685.1081 crores during the period ended March 31, 2024.
The company has posted net profit / (loss) of Rs. 25.7573 crores for the period ended June 30, 2024 as against net profit / (loss) of Rs. 207.6208 crores for the period ended March 31, 2024.
The company has reported EPS of Rs. 0.22 for the period ended June 30, 2024 as compared to Rs. 1.81 for the period ended March 31, 2024.
| Financials | Q1 FY2025 | Q4 FY2024 | % Change |
| Total Income | ₹ 1709.6570 crs | ₹1685.1081 crs |  1.46% |
| Net Profit | ₹25.7573 crs | ₹207.6208 crs |  -87.59% |
| EPS | ₹0.22 | ₹1.81 | -87.85% |
Financial Results (Q1 FY2025) - YoY Comparison
The company has reported total income of Rs. 1709.6570 crores during the period ended June 30, 2024 as compared to Rs.1425.3267 crores during the period ended June 30, 2023.
The company has posted net profit / (loss) of Rs.25.7573 crores for the period ended June 30, 2024 as against net profit / (loss) of Rs.191.2005 crores for the period ended June 30, 2023.
The company has reported EPS of Rs.0.22 for the period ended June 30, 2024 as compared to Rs.1.69 for the period ended June 30, 2023.
| Financials | Q1 FY2025 | Q1 FY2024 | % Change |
| Total Income | ₹ 1709.6570 crs | ₹1425.3267 crs | 19.95% |
| Net Profit | ₹25.7573 crs | ₹191.2005 crs | -86.53% |
| EPS | ₹0.22 | ₹1.69 | -86.98% |
Asset Quality:
| Asset Quality | Q1 FY2025 | Q4 FY2024 | Q1 FY2024 |
| Gross NPA | ₹889.0373 crs | ₹821.2772 crs | ₹770.1830 crs |
| Gross NPA % | 2.73% | 2.61% | 2.75% |
| Net NPA | ₹264.1347 crs | ₹360.8988 crs | ₹325.1016 crs |
| Net NPA % | 0.83% | 1.17% | 1.18% |
Gross NPA was at ₹ 889.0373 crs in Q1 FY2025 against ₹ 770.1830 crs in Q1 FY2024. The same was at ₹ 821.2772 crs in Q4 FY2024.
Net NPA was at ₹ 264.1347 crs in Q1 FY2025 against ₹ 325.1016 crs in Q1 FY2024. The same was at ₹ 360.8988 crs in Q4 FY2024.
GNPA was at 2.73% of Gross advances as on June 30, 2024 as compared to 2.75% as on June 30, 2023 and 2.61% as of March 31, 2024.
Net NPA was at 0.83% of Gross advances as on June 30, 2024 as compared to 1.18% as on June 30, 2023 and 1.17% as of March 31, 2024.
| Ratios | Q1 FY2025 | Q4 FY2024 | Q1 FY2024 |
| RoA % | 0.06% | 0.47% | 0.51% | CAR (BASEL III) % | 20.55% | 21.70% | 22.06% |
Return on Average Assets (RoA) is at 0.06% for Q1 FY2025 against 0.47% in Q4 FY2024 and 0.51% in Q1 FY2024.
In Q1 FY2025, Bank's total Capital Adequacy Ratio (CAR) was at 20.55%, as compared to 21.70% in Q4 FY2024 and 22.06% in Q1 FY2024.
Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 86.90 as compared to the previous close of Rs. 88.68. The total number of shares traded during the day was 1537017 in over 13311 trades.
The stock hit an intraday high of Rs. 89.99 and intraday low of 83.55. The net turnover during the day was Rs. 132414511.00.
