Equitas Small Finance Bank Limited has informed the Exchange regarding 'Re-submission of Audited Financial Results for the Period Ended March 31, 2025 in machine readable form'.
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Equitas Small Finance Bank has re-submitted its FY25 audited financial results in a machine-readable format at NSE's request; the bank confirms there are no changes from the original April 30, 2025 filing. For the full year, net profit fell sharply to ₹14,705 lakh from ₹79,896 lakh in FY24, an 82% drop, mainly because provisions and contingencies surged to ₹1,13,542 lakh from ₹31,424 lakh, including an ₹18,000 lakh floating provision. Total income still grew nearly 15% year-on-year to ₹7,22,321 lakh, and operating profit before provisions only dipped 3% to ₹1,33,427 lakh. Asset quality was mixed: gross NPA rose to 2.89% (from 2.61%) while net NPA improved to 0.98% (from 1.17%). Capital adequacy ratio stood at a healthy 20.60%. The board also appointed M/s Shanmugam Rajendran & Associates LLP as Secretarial Auditor for FY26–FY30.
The headline profit crash looks alarming, but most of the damage comes from elevated and one-time provisioning rather than weakening core earnings, so the underlying business remains broadly intact. Shareholders should watch whether provision growth normalises in coming quarters, as sustained pressure on profitability and the slight uptick in gross NPAs could weigh on the stock despite the bank's strong capital position.