Equitas Small Finance Bank Ltd Q1 FY26 Results

Summary

Equitas Small Finance Bank reported an 8% YoY growth in advances, supported by a 18% growth in Non-MFI advances. Deposits grew by 18% YoY, with Retail TD growing by 20% YoY. The bank made a one-time additional provision of Rs. 330 Crs, resulting in a PAT miss. The vehicle finance portfolio crossed Rs. 9500 Crs, with Used Car Advances crossing Rs. 2000 Crs and registering a growth of 50% YoY. The CASA ratio remained stable at 29%, with CA balances growing 92% YoY. Retail Term Deposits posted a growth of 20% YoY to Rs. 19,354 Crs.

Key Highlights

1. 1

   Secured loan advances form 91% of the total advances of the Bank

2. 2

   Gross Advances growth remained muted at 8% YoY and flat QoQ

3. 3

   Non Microfinance book grew 18% YoY, led by 22% growth in SBL over previous year

4. 4

   Overall deposits registered a growth of 18% YoY & 3% QoQ

5. 5

   Vehicle Finance portfolio has crossed Rs. 9500 Crs

6. 6

   Used Car Advances crossed Rs. 2000 Crs, registered a growth of 50% YoY

7. 7

   Used CV Advances registered a growth of 26% YoY

8. 8

   CASA ratio stable at 29%; CA balances grew 92% YoY

9. 9

   Retail Term Deposits posted a growth of 20% YoY to Rs. 19,354 Crs

10. 10

    NIM for the quarter stood at 6.55%

11. 11

    Cost to Income stood at 70.62% in Q1FY26

12. 12

    Networth of the Bank stands at Rs. 5,849 Crs

13. 13

    Total CRAR at 20.48% | Tier | at 17.16% and Tier Il at 3.32%

14. 14

    Tier II capital raised of Rs. 500 Cr in July ’25

15. 15

    Liquidity Coverage Ratio (LCR) as on 30.06.2025 is 209.5%

16. 16

    Profit on sale of Investments for the quarter is Rs. 116 Crs

17. 17

    Net Income and Total Opex grew by 8% and 16% YoY in Q1IFY26

18. 18

    The Bank has made Additional Standard Asset Provision (One-time Impact) of Rs.185 Crs in Microfinance and Rs.145 Crs for Additional NPA Provision

19. 19

    GNPA improved by 7 bps QoQ to 2.82% in Q1IFY26

20. 20

    NNPA improved by 3 bps QoQ to 0.95% in Q1FY26