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Earnings Call

Equitas Small Finance Bank Earnings Call: Key Takeaways

Equitas reported record quarterly PAT of ₹213cr, driven by improved asset quality and NIM expansion, despite shifting portfolio mix and rising funding costs.

Highlights
Revenue growthTotal net income grew 18% YoY and 9% QoQ.
MarginsNIM improved to 7.29% but normalization to ~7% expected.
Order bookGross advances reached ₹46,165 crore.
Demand visibilityStrong momentum across all lending verticals, particularly small business.
Management confidenceConfident but cautious regarding external geopolitical and inflationary shocks.

Growth

PAT grew 406% YoY; advances increased 22% YoY, primarily led by a 27% surge in Small Business Loans.

Outlook

Management guides for 20%+ credit growth and exit ROA of 1.5% for the fiscal year.

Risks

West Asia geopolitical tensions and high fuel inflation threaten commercial vehicle borrower repayment capacity.

Source

Earnings Call filed with NSE, NSE: EQUITASBNK. Summary written with AI assistance from the document.

Read the document ↗

Equitas Small Finance Bank Ltd: key numbers

Share price
₹67.03
Market cap
₹7,669 Cr
Revenue (annual)
₹6,794 Cr
Net profit (annual)
₹116.0 Cr
P/E (TTM)
15.0×Sector 22.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
15.70%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Equitas Small Finance Bank Ltd

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15:03 IST NSE
Debt & Borrowing

Equitas Small Finance Bank Debt & Borrowing

Equitas Small Finance Bank allotted non-convertible debt securities on September 25, 2026. The bank's paid-up share capital remains unchanged at Rs. 1,144.13 Crore post-allotment.

15:02 IST NSE
Debt & Borrowing

Equitas Small Finance Bank Debt & Borrowing: ₹500 Cr

Equitas Small Finance Bank Limited has allotted 50,000 non-convertible debentures (NCDs) on a private placement basis. The unsecured Lower Tier II Bonds, aggregating ₹500 Crore, carry a 9.95% annual coupon.

Value
₹500.0 Cr
Execution
10 years
17:36 IST BSE
Management Change

Equitas Small Finance Bank Management Change

Prof. SamirKumar Barua has ceased to be an Independent Director of Equitas Small Finance Bank Limited, effective September 22, 2026, upon completing his tenure.

12:20 IST NSE
Legal & Regulatory

Equitas Small Finance Bank Legal & Regulatory

Equitas Small Finance Bank received a GST show cause notice proposing Rs. 533.81 Crore demand for FY 2022-23. The Bank contests the demand; no crystallised liability exists.

Value
₹533.8 Cr
11:56 IST BSE
Debt & Borrowing

Equitas Small Finance Bank Debt & Borrowing: ₹500 Cr

Equitas Small Finance Bank's board approved ₹500 Crore of Lower Tier II NCDs via private placement. The unsecured debentures will be listed on BSE.

Value
₹500.0 Cr
20:00 IST NSE
Annual General Meeting

Equitas Small Finance Bank Annual General Meeting

Equitas Small Finance Bank held its Tenth AGM on September 09, 2026. The meeting discussed various business items, including re-appointments and enabling resolutions for future capital raising.