Equitas Small Finance Bank Q3FY22 net profit higher QoQ at Rs. 108.10 crores

Equitas Small Finance Bank Limited has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1035.0092 crores during the period ended December 31, 2021 as compared to Rs. 995.6942 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 108.1050 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 41.1920 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 0.93 for the period ended December 31, 2021 as compared to Rs. 0.36 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 1035.0092 crs	₹995.6942 crs	3.95%
Net Profit	₹108.1050 crs	₹41.1920 crs	162.44%
EPS	₹0.93	₹0.36	158.33%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 1035.0092 crores during the period ended December 31, 2021 as compared to Rs.1011.7536 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.108.1050 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.110.6951 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.0.93 for the period ended December 31, 2021 as compared to Rs.0.99 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 1035.0092 crs	₹1011.7536 crs	2.30%
Net Profit	₹108.1050 crs	₹110.6951 crs	-2.34%
EPS	₹0.93	₹0.99	-6.06%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.2953.2507 crores during the 9 Months period ended December 31, 2021 as compared to Rs.2615.7384 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.161.2229 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.271.3545 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.1.39 for the 9 Months period ended December 31, 2021 as compared to Rs.2.51 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹2953.2507 crs	₹2615.7384 crs	12.90%
Net Profit	₹161.2229 crs	₹271.3545 crs	-40.59%
EPS	₹1.39	₹2.51	-44.62%

Asset Quality:

Asset Quality	Q3 FY2022	Q2 FY2022	Q3 FY2021
Gross NPA	₹ 863.8178 crs	₹880.8254 crs	₹387.5995 crs
Gross NPA %	4.61%	4.82%	2.27%
Net NPA	₹459.4246 crs	₹439.64 crs	₹111.8558 crs
Net NPA %	2.51%	2.46%	0.67%

Gross NPA was at ₹ 863.8178 crs in Q3 FY2022 against ₹ 387.5995 crs in Q3 FY2021. The same was at ₹ 880.8254 crs in Q2 FY2022.

Net NPA was at ₹ 459.4246 crs in Q3 FY2022 against ₹ 111.8558 crs in Q3 FY2021. The same was at ₹ 439.64 crs in Q2 FY2022.

GNPA was at 4.61% of Gross advances as on December 31, 2021 as compared to 2.27% as on December 31, 2020 and 4.82% as of September 30, 2021.

Net NPA was at 2.51% of Gross advances as on December 31, 2021 as compared to 0.67% as on December 31, 2020 and 2.46% as of September 30, 2021.

Ratios	Q3 FY2022	Q2 FY2022	Q3 FY2021
RoA %	0.41%	0.16%	0.44%
CAR (BASEL III) %	21.91%	22.21%	21.58%

Return on Average Assets (RoA) is at 0.41% for Q3 FY2022 against 0.16% in Q2 FY2022 and 0.44% in Q3 FY2021.

In Q3 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 21.91%, as compared to 22.21% in Q2 FY2022 and 21.58% in Q3 FY2021.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 55.10 as compared to the previous close of Rs. 54.35. The total number of shares traded during the day was 49142 in over 1064 trades.

The stock hit an intraday high of Rs. 56.45 and intraday low of 54.70. The net turnover during the day was Rs. 2734913.00.

Source : Equity Bulls

Keywords

EquitasSmallFinanceBank Q3FY22 9MFY22 ResultUpdate