Equitas Small Finance Bank Ltd Q3 FY25 Results

Summary

Equitas Small Finance Bank Limited has reported a 26% Year-over-Year (YoY) growth in deposits and a 14% YoY growth in gross advances as of Q3FY25. The bank raised Rs. 500 Crore through issuance of Tier-ll Bonds and crossed the Rs. 50,000 Crs mark in Balance Sheet Size. The bank's vehicle finance portfolio has crossed Rs. 9000 Crs during the quarter, with Used Car Advances closing at Rs. 1700 Cr, marking a 55% YoY growth. The bank's NIM stood at 7.39%, Cost to Income at 68.30%, ROA at 0.53%, and RoE at 4.44% in Q3FY25.

Key Highlights

1. 1

   26% YoY deposit growth and 14% YoY gross advance growth in Q3FY25

2. 2

   Rs. 500 Crore raised through issuance of Tier-II Bonds

3. 3

   Balance Sheet Size crossed Rs. 50,000 Crs

4. 4

   Vehicle finance portfolio crossed Rs. 9000 Crs with 55% YoY growth in Used Car Advances

5. 5

   Net slippages improved by 16 bps QoQ to 3.15% in Q3FY25

6. 6

   Gross Advances yield improved by 6 bps to 16.55% in Q3FY25 over the previous quarter

7. 7

   Overall deposits registered a growth of 26% YoY & 2% QoQ

8. 8

   NIM stood at 7.39%, Cost to Income at 68.30%, ROA at 0.53%, and RoE at 4.44% in Q3FY25