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Equitas Small Finance Bank Ltd

| Audited Financial Results for the Quarter and Year Ended March 31, 2026

NEUTRAL SENTIMENT

Report Source

⬤30th Apr 26

Summary : Equitas SFB shows strong growth in advances/deposits, improved NPAs, but profit declined with negative operating cash flow.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Interest Expended (85,623.29 Lakh for quarter, 3,40,306.77 Lakh for year)
  2. Operating Expenses (84,111.63 Lakh for quarter, 3,19,974.80 Lakh for year)
  3. Provisions (other than tax) and Contingencies (12,410.95 Lakh for quarter, 1,13,683.57 Lakh for year)
  4. Interest Earned (1,83,634.90 Lakh for quarter, 6,79,423.71 Lakh for year)
  5. Other Income (26,345.87 Lakh for quarter, 1,07,354.72 Lakh for year)
  6. Segment-wise revenue: Treasury, Retail Banking, Wholesale Banking, Other Banking operations
  7. Net cash used in operating activities: (3,31,583.26) Lakh
  8. Net cash used in investing activities: (18,541.55) Lakh
  9. Net cash generated from financing activities: 3,64,125.20 Lakh
  10. Total Capital and Liabilities: 60,61,035.84 Lakh
  11. Total Assets: 60,61,035.84 Lakh
  12. Deposits: 46,53,308.88 Lakh
  13. Advances: 42,75,128.76 Lakh
  14. Borrowings: 5,77,255.00 Lakh
  15. Interest paid to Equitas Development Initiatives Trust
  16. Deposits received from Equitas Development Initiatives Trust
  17. Rent and Electricity for ATM to Equitas Healthcare Foundation
  18. IPL Sponsorship fee to Torrent Gujarat Titans Private Limited
  19. Standalone (no subsidiaries, associates, or joint ventures)

Corporate Overview

  1. Domestic segment only (India)
  2. Small Finance Bank
  3. Personal Loans
  4. Corporate persons
  5. MSMEs
  6. Retail Banking
  7. Treasury
  8. Wholesale Banking
  9. Other Banking operations

Risk Factors

  1. Decline in net profit and EPS.
  2. Negative cash flow from operations.
  3. Increased borrowings for funding growth.
  4. COVID-19 resolution framework related stress.

Key Drivers

  1. Strong growth in advances and deposits.
  2. Improved Gross and Net NPA ratios.
  3. Successful raising of Tier II Capital.
  4. Full utilization of NCD issue proceeds.

Auditor’s Report

  1. Unmodified opinion
  2. Disclosures relating to 'Pillar 3 disclosure under Basel III Capital Regulations' and related ratios were not audited as they are on the Bank's website.

Board Commentary

  1. Dividend Paid: (0.76) Lakh for current year
  2. Exposure to accounts under COVID-19 resolution framework
  3. Compliance with SEBI and RBI regulations
  4. Non-applicability of Large Corporate Entity framework
  5. Full utilization of NCD issue proceeds (Rs. 1000 crores)
  6. Raised Tier II Capital of ₹50,000 Lakh

Corporate Governance

  1. Audit Committee

Management Discussion & Analysis

Performance Drivers

  1. Growth in interest earned
  2. Increase in other income
  3. Significant growth in advances and deposits

Risk Control Measures

  1. Implementation of resolution framework
  2. Sale of non-performing advances to ARC

Critical Risks

  1. COVID-19 resolution framework related stress
  2. Non-performing assets (NPAs)