Equitas Small Finance Bank Q1 results show revenue rise from 1394.41 to 1425.32 crores, a 2.22% increase in growth. EPS is equal to Rs.1.69 to Rs.1.69, which is 00% (equal).
First, Let’s Begin with Quarter-on-Quarter Basis:
Equitas Small Finance Bank shared its Q1 results on Friday. They earned 1425.32 crores in revenue this quarter, but that’s more than the 1394.41 crores they made last quarter. The bank’s growth increased by 2.22 percent when comparing the two quarters.
In terms of profits, Equitas Small Finance Bank’s PAT (Profit After Tax) for this quarter was 191.20 crores, up from 190.03 crores in the previous quarter. Their quarter-to-quarter growth inclined by 0.61 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.1.69, which is the same as the Rs.1.69 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 1.18% this quarter from 1.21% in the previous quarter, resulting in a 3 basis point decrease in the bank’s net NPA.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 1425.32 crores this year (2023), which is 32.76 percent higher than last year’s total revenue of 1073.61 crores.
This Year’s PAT (Profit After Tax) is 191.20 crores, which is also 97.10% higher than last year’s PAT of 97.00 crores.
The EPS (Earnings Per Share) for this year is 1.69 crores, which is 119.48% more than the EPS of 0.77 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 2.75% this year from 4.10% in the previous year, resulting in a decrease of 135 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 1.18% this year from 2.15% in the previous year, resulting in a 97 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 22.06 percent this year from 24.62 percent in the previous year.
The ROA (return on assets) of the bank increased to 0.51 percent in this quarter from 0.33 percent in the previous year.
Also Read: NLC India Q1FY24 Results: Consolidated PAT Down to Rs. 404.71 Cr
Equitas Small Finance Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Equitas Small Finance Bank:
Equitas Small Finance Bank Limited functions as a bank, providing a wide range of financial services. These services include savings accounts, fixed deposits, loans, debit and credit cards, investment options, insurance products, online banking facilities, and other related activities. Equitas Small Finance Bank serves clients throughout India.
Download the Full PDF of Equitas Small Finance Bank Q1 Results: Click Here
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