EQUITAS SMALL FINANCE BANK result came yesterday.
I'm a bit disappointed with the results. Here's a summary :-
Total income - Up 10% YoY, Down -1% QoQ
NII - Up 23% YoY, 2% QoQ
PBT - Up 5% YoY, 10% QoQ
Credit Cost - Up 58% YoY, 27% QoQ
PAT - Up 6% YoY, 11% QoQ
I'm a bit disappointed with the results. Here's a summary :-
Total income - Up 10% YoY, Down -1% QoQ
NII - Up 23% YoY, 2% QoQ
PBT - Up 5% YoY, 10% QoQ
Credit Cost - Up 58% YoY, 27% QoQ
PAT - Up 6% YoY, 11% QoQ
Quarterly Trend - CoF - Down to 6.20% from 7.20% YoY
NIM - 9.12% (Consistently increasing QoQ)
ROA - 1.83%
ROE - 12.21%
PCR - 42.73% (Not sure why it's coming down every quarter, not good)
Credit Cost - 2.45%
GNPA - 4.06% (Coming down after peak in Q2FY22)
NIM - 9.12% (Consistently increasing QoQ)
ROA - 1.83%
ROE - 12.21%
PCR - 42.73% (Not sure why it's coming down every quarter, not good)
Credit Cost - 2.45%
GNPA - 4.06% (Coming down after peak in Q2FY22)
Cost to income - Down to 56.85% from 64.67% QoQ
(Not sure why they had such high Cost to income last quarter)
(Not sure why they had such high Cost to income last quarter)
Gross Advances up 15% YoY to 20,597Cr (Not so great)
Small business loans up 19% (46% of overall advances)
Microfinance - Up 21% (19% of overall advances)
New CV - Up 19% YoY (9% of overall advances)
Small business loans up 19% (46% of overall advances)
Microfinance - Up 21% (19% of overall advances)
New CV - Up 19% YoY (9% of overall advances)
Asset Quality - GNAP - Down to 4.06% after forming a peak in Q2FY22 of 4.64%
NNPA - Flat at 2.37%
Net Additions - 408Cr (High, 70% came from restructured pool)
Recoveries - 133Cr (Improving trend)
Write-offs - 191Cr (High)
NNPA - Flat at 2.37%
Net Additions - 408Cr (High, 70% came from restructured pool)
Recoveries - 133Cr (Improving trend)
Write-offs - 191Cr (High)
Liability Side - Cost of funds consistently coming down (Down to 6.20%)
CASA - 52% (Need to see how will they be able to retain it)
CASA - 52% (Need to see how will they be able to retain it)
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