Equitas Small Finance climbs after Q4 PAT rises 6% YoY

5 May 2022 , 12:46 PM

Profit before tax (PBT) rose rose 5.15% year-on-year to Rs 160.73 crore in Q4 March 2022. Net Interest Income for Q4FY22 stood at Rs 552 crore as against Rs 449 crore in Q4FY21. NIM stood at 9.12% in Q4FY22. Pre Provisioning Operating Profit (PPoP) for Q4FY22 was at Rs 284 crore as against Rs 250 crore in Q4FY21. Gross non performing assets (GNPA) stood at 4.06% in Q4FY22 as against 4.39% in Q3FY22 and 3.59% in Q4FY21. Net non performing assets (NNPA) stood at 2.37% in Q4FY22 compared with 2.38% in Q3FY22 and 1.52% in Q4FY21 Provision coverage ratio was at 42.73% in Q4FY22. The bank has made additional standard assets provision of Rs 26.08 crore in Q4FY22. Q4FY22 disbursement were at Rs 3,279 crore, exceeding previous highest quarter. FY22 disbursement were at Rs 10,549 crore, a highest ever achievement – growth of 41%. Advances as of Q4FY22 was at Rs 20,597 crore, a growth of 15% YoY. CASA deposit grew 76% YoY to Rs 9,855 crore. CASA ratio stood at 52.01% as of March 2022. Retail term deposits grew 21% YoY to Rs 7,093 crore. Retail deposits forms 78% of the term deposits. P N Vasudevan, managing director and CEO of Equitas Small Finance Bank said: The Bank achieved its highest ever disbursement in Q4FY22. The demand for credit has come back to normal levels. With improving asset quality, the Bank is well positioned to get back to its pre-Covid levels growth rate of around 30% p.a. The Banks capital position is also strong with capital adequacy of over 25%, enabling the Bank to pursue growth over the coming years. Equitas Small Finance Bank is one of the largest small finance banks in India. It caters to individuals with limited access to formal financing channels, as well as affluent and mass affluent, Small & Medium Enterprises (SMEs) and corporates. Powered by Capital Market – Live News