Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Equitas Small Finance Bank Ltd posts Q2 FY2024 PAT of Rs. 198.13 crores

Posted On: 2023-10-20 17:45:05 (Time Zone: IST)


Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1540.3672 crores during the period ended September 30, 2023 as compared to Rs. 1425.3267 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 198.1382 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 191.2005 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 1.74 for the period ended September 30, 2023 as compared to Rs. 1.69 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 1540.3672 crs ₹1425.3267 crs Up Tick / Down Tick8.07%
Net Profit ₹198.1382 crs ₹191.2005 crs Up Tick / Down Tick3.63%
EPS ₹1.74 ₹1.69 Up Tick / Down Tick2.96%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 1540.3672 crores during the period ended September 30, 2023 as compared to Rs.1147.3941 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.198.1382 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.116.4213 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.1.74 for the period ended September 30, 2023 as compared to Rs.0.92 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 1540.3672 crs ₹1147.3941 crs Up Tick / Down Tick34.25%
Net Profit ₹198.1382 crs ₹116.4213 crs Up Tick / Down Tick70.19%
EPS ₹1.74 ₹0.92 Up Tick / Down Tick89.13%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.2965.6939 crores during the 6 Months period ended September 30, 2023 as compared to Rs.2221.0131 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.389.3387 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.213.4265 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.3.43 for the 6 Months period ended September 30, 2023 as compared to Rs.1.69 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹2965.6939 crs ₹2221.0131 crs Up Tick / Down Tick33.53%
Net Profit ₹389.3387 crs ₹213.4265 crs Up Tick / Down Tick82.42%
EPS ₹3.43 ₹1.69 Up Tick / Down Tick102.96%

Asset Quality:

Asset Quality Q2 FY2024 Q1 FY2024 Q2 FY2023
Gross NPA ₹660.4966 crs ₹770.1830 crs ₹870.2623 crs
Gross NPA % 2.27% 2.75% 3.91%
Net NPA ₹279.2889 crs ₹325.1016 crs ₹430.8818 crs
Net NPA % 0.97% 1.18% 1.97%


Gross NPA was at ₹ 660.4966 crs in Q2 FY2024 against ₹ 870.2623 crs in Q2 FY2023. The same was at ₹ 770.1830 crs in Q1 FY2024.

Net NPA was at ₹ 279.2889 crs in Q2 FY2024 against ₹ 430.8818 crs in Q2 FY2023. The same was at ₹ 325.1016 crs in Q1 FY2024.

GNPA was at 2.27% of Gross advances as on September 30, 2023 as compared to 3.91% as on September 30, 2022 and 2.75% as of June 30, 2023.

Net NPA was at 0.97% of Gross advances as on September 30, 2023 as compared to 1.97% as on September 30, 2022 and 1.18% as of June 30, 2023.

Ratios Q2 FY2024 Q1 FY2024 Q2 FY2023
RoA % 0.49% 0.51% 0.38%
CAR (BASEL III) % 21.33% 22.06% 23.08%


Return on Average Assets (RoA) is at 0.49% for Q2 FY2024 against 0.51% in Q1 FY2024 and 0.38% in Q2 FY2023.

In Q2 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 21.33%, as compared to 22.06% in Q1 FY2024 and 23.08% in Q2 FY2023.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 98.79 as compared to the previous close of Rs. 99.80. The total number of shares traded during the day was 139029 in over 1047 trades.

The stock hit an intraday high of Rs. 100.79 and intraday low of 98.25. The net turnover during the day was Rs. 13791936.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Bharat Highways InvIT IPO subscribed 0.37 times on Day 1

Platinum Industries IPO subscribed 22.22 times on Day 2

Mumbai-based Garuda Construction and Engineering files DRHP for IPO

Bharat Highways InvIT raises Rs. 825.97 Crore from Anchor Investors

Platinum Rush : Retail and NII Investors make hurry, Issue subscribed 8.06 times on Day 1

Platinum Industries Limited raises Rs. 70.59 crore from Anchor Investors

GPT Healthcare IPO subscribed 8.52 times on Final Day

Mukka Proteins Limited IPO to open on Thursday February 29, 2024

Retail Portion of GPT Healthcare IPO fully subscribed on Day 2

Juniper Hotels IPO subscribed 2.07 times on Final Day

Backed by marquee investors, Trust Fintech eyes listing in March 2024 on NSE Emerge

Retail Portion of GPT Healthcare IPO subscribed 66% on Day 1

Retail Portion of Juniper Hotels IPO subscribed 87% on Day 2

Bharat Highways InvIT's IPO of its units to open on Wednesday, February 28, 2024, price band set at ?98 to ?100 per Unit

GPT Healthcare Limited raises Rs. 157.54 crore from Anchor Investors

Juniper Hotels IPO Retail Portion subscribed 52% on Day 1

IT Solutions provider Orient Technologies files DRHP for IPO

Juniper Hotels Limited raises Rs. 810 crore from Anchor Investors

IPO of GPT Healthcare Limited to open on Thursday, February 22, 2024, price band set at ?177/- to ?186/- per Equity Share

Gala Precision Engineering files DRHP for IPO

Vibhor Steel Tubes IPO subscribed 320 times with bids worth Rs. 16,211 crore

IPO of Juniper Hotels Limited to open on Wednesday, February 21, 2024, price band set at ?342 to ?360 per equity share

Gopal Snacks Limited gets Sebi nod for Rs 650 crore IPO

Vibhor Steel Tubes IPO gets subscribed within 30 minutes of opening

Trust Fintech Limited, SaaS product-focused fintech software solution provider, files DRHP

Interiors and More Limited IPO to open for subscription on Feb 15, 2024

Rashi Peripherals IPO subscribed 59.71 times on Final Day

Rashi Peripherals IPO subscribed 3.19 times on Day 2

Rashi Peripherals IPO fully subscribed on Day 1 led by NII and Retail

Juniper Hotels gets Sebi nod for its Rs 1,800 crore IPO

Rashi Peripherals Limited raises Rs. 180 crore from Anchor Investors

IPO of Rashi Peripherals Ltd to open on Wednesday 7 February, 2024, price band set at ?295 to ?311 per Equity Share

KP Green Engineering Limited files DRHP for SME IPO

Nova Agritech IPO subscribed 109.36 times on Final Day

Fonebox Retail Limited anchor book fully subscribed

Nova Agritech IPO subscribed 33.87 times on Day 2

TCS Ranks No. 1 in Customer Satisfaction in France for 5th year

Nova Agritech IPO subscribed 9.75 times on Day 1 led by Retail and NII

Nova Agritech Limited raises ? 43.14 crore from Anchor Investors

IT Solutions major, Rashi Peripherals raised Rs 150 crore in Pre-IPO round

Fonebox Retail IPO date has been set, with the IPO opening on January 24

Nova Agritech Limited's IPO to open on Monday January 22, 2024

Medi Assist Healthcare Services Ltd IPO opens for subscription on Monday - Jan 15, 2024

Konstelec Engineers Limited plans to raise around 25 crores through an IPO, aiming to be listed on NSE Emerge this January

Payment Platform MobiKwik refiles DRHP with SEBI for Rs 700 crore IPO

Jyoti CNC Automation Limited's IPO to open on January 09, 2024

Gretex Share Broking files papers for IPO

Diffusion Engineers files DRHP with SEBI for IPO

Rays Power Infra files DRHP for IPO

FirstCry.com files DRHP for IPO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020