Equitas Small Finance Bank Ltd

(EQUITASBNK)

Equitas Small Finance Bank Reports Strong Financial Growth - 23 Nov, 2024

Equitas Small Finance Bank's interest income surged by 48.86% to Rs. 2,407 crore, while net profit rose by 39.2% to Rs. 799 crore in FY24. The bank's market cap stands at Rs. 7,229 crores.

Equitas Small Finance Bank's Loan Performance Insights - 19 Nov, 2024

Equitas Small Finance Bank reports that approximately 50% of loans overdue by 90 days may become NPAs. The bank's diversified portfolio includes 41% in small business loans and 37% in vehicle and home loans, which have shown better credit performance compared to group microloans.

Equitas SFB Implements Conservative Provisioning Strategy - 13 Nov, 2024

Equitas SFB has increased its provisioning for overdue loans, creating a Rs. 100 crore buffer for microfinance assets. While this conservative approach enhances risk protection, it has led to a significant drop in profitability, with ROE falling to 1.3% in H1 FY25. The bank anticipates ongoing stress in the microfinance segment for the next two quarters, impacting short-term profitability as it invests in new product lines.

Equitas SFB Faces MFI Stress, Profitability Impacted - 12 Nov, 2024

Equitas Small Finance Bank reported significant MFI stress, leading to higher provisions and a 93.5% YoY drop in profit. Management anticipates ongoing challenges for the next two quarters, despite some signs of recovery in other segments.

Equitas SFB Hits 52-Week Low Amid Profit Plunge - 11 Nov, 2024

Equitas Small Finance Bank's shares fell to a 52-week low after reporting a 93.5% drop in net profit for Q2 FY25, attributed to increased provisions for risky loans. Despite a 16.45% growth in total income, the bank's profitability suffered significantly, reflecting ongoing challenges in the microfinance sector.

Equitas SFB Reports Significant Profit Decline in Q2 - 09 Nov, 2024

Equitas Small Finance Bank's Q2 FY25 net profit plummeted 93.5% YoY to Rs 12.88 crore, despite a 16.45% increase in total income. The bank's asset quality showed mixed results, with improved GNPA but increased NNPA. Deposits grew 29.25% YoY, while gross advances rose 15.45%. Overall, the financial performance indicates challenges ahead.

Equitas Bank Reports Plummeting Profits and Capital Raise - 08 Nov, 2024

Equitas Small Finance Bank's Q2 results show a 93% drop in net profit to Rs 13 crore, attributed to provisions for risky loans. The board also approved raising Rs 750 crore in Tier II capital through debentures.

Equitas Faces Pressure Amid Central Bank Scrutiny - 04 Nov, 2024

Equitas Small Finance Bank, along with other unsecured credit-focused companies, may need to reduce lending due to increased scrutiny from the central bank, potentially impacting stock prices negatively in the short term.