Chennai, July 28, 2026: The Board of Directors of Equitas Small Finance Bank Limited at its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2026
Strong Profitability with ₹184 Crore PAT in Q1FY27 vs. a loss of ₹224 Crore in Q1FY26
ROA and ROE for Q1FY27 at 1.18% and 11.76% respectively
Gross Advances grew by 27% YoY and 3% QoQ
Overall Disbursements at ₹6,784 Crs, growth of 93% YoY
Deposits grew by 10% YoY & 5% QoQ, CASA at 25%
- Key Highlights:
- Gross advances grew by 27% YoY and 3% QoQ supported by robust disbursements across verticals. Non MFI book grew 22% YoY, led by 24% growth in HF, 28% in MSE and 179% in Gold Loan over previous year.
- Overall deposits grew by 10% YoY & 5% QoQ.
- Business Highlights:
- Overall Disbursements at ₹6,784 Crore in Q1FY27, a growth of 93% YoY and a decline of 8% QoQ
- Our Flagship Product Small Business Loans (SBL) grew by 15% YoY. BL advances, a part of SBL, has grown 32% YoY contributing 34% of the overall SBL portfolio.
- Used Car and Used CV Advances have registered a growth of 30% YoY and 25% YoY respectively.
- CASA ratio at 25%.
- Cost of Funds increased by 11 bps to 7.05% in Q1FY27 from 6.94% in Q4FY26
- Key Ratios:
- NIM for the quarter stood at 7.24%, marginally declined by ~12 bps QoQ
- Cost to Income ratio stood at 68.38% in Q1FY27 as compared to 67.52% in Q4FY26 and 70.62% in Q1FY26
- Capital:
- Networth of the Bank stands at ₹6,367 Crore
- As of June 30, 2026, Total CRAR at 19.44% | Tier I at 16.01% and Tier II at 3.43%
- Treasury & Liquidity:
- The Bank’s Certificate of Deposit (CD) programme has highest rating at A1+ from India Ratings, CareEdge Ratings & CRISIL
- Liquidity Coverage Ratio (LCR) as on 30.06.2026 is 178.46%
- Other Income: Income from Investments (including MTM & dividend) for the quarter is ₹31 Crore
- Profit & Loss:
- Net Income for Q1FY27 grew by 19% YoY and 3% QoQ and Total Opex grew by 16% YoY and 5% QoQ
- The bank reported a quarterly PAT of ₹184 Crore, compared to a loss of ₹224 Crore in Q1FY26.
- Asset Quality & Provisions:
- GNPA reduced by 13 bps QoQ at 2.36% in Q1FY27 as compared to 2.49% in Q4FY26; including securitization book, GNPA would stand at 2.31%
- NNPA increased by 2 bps QoQ to 0.70% in Q1FY27 as compared to 0.68% in Q4FY26
- PCR remains stable at 71.02% (86.96% Including technical write-offs)
- Net Slippages at 1.43% in Q1FY27, the second-lowest among first quarters over the last five years.
- Credit Cost declined significantly to 1.37% in Q1FY27 as compared to 6.48% in Q1FY26.
Note: For the calculation of GNPA and NNPA ratios, Gross Advances include IBPC exposures and exclude advances sold through Securitisation and Direct Assignment transactions.
