Equitas Small Finance Bank Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
EQUITASBNK · price
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Equitas Small Finance Bank reported total income of Rs. 7,86,778 Lakhs for FY26, up 8.9% from Rs. 7,22,321 Lakhs in FY25. However, net profit declined significantly to Rs. 10,308 Lakhs from Rs. 14,705 Lakhs in FY25, a drop of about 30%. Operating profit before provisions fell to Rs. 1,26,497 Lakhs from Rs. 1,33,427 Lakhs, indicating margin compression. Gross NPA improved to 2.60% from 2.89% and Net NPA improved to 0.72% from 0.98%. Borrowings nearly tripled from Rs. 2,14,699 Lakhs to Rs. 5,77,255 Lakhs, and the debt-equity ratio worsened to 0.70 from 0.23. The bank raised Rs. 750 crore in Tier II capital during the year. Auditors issued an unmodified opinion with no qualifications.
The sharp decline in net profit despite revenue growth signals cost pressures and higher provisions. The near-tripling of borrowings raises leverage concerns. However, improving asset quality and strong capital adequacy at 20.31% provide some comfort to investors.