Equitas Small Finance Bank Reports Mixed Q3 Results Amid Rising NPAs and Declining Profits
Equitas Small Finance Bank has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance. The bank's net interest income reached a notable Rs 818.39 crore, marking a consistent upward trend over the last five quarters. Additionally, interest earned also peaked at Rs 1,611.93 crore, indicating positive momentum in core business income.However, the results also highlight significant challenges. The profit before tax (PBT) recorded a substantial decline, standing at Rs -148.67 crore, which is markedly lower than the average PBT of the previous four quarters. Similarly, profit after tax (PAT) fell to Rs 66.30 crore, down from an average of Rs 112.07 crore in prior quarters. The gross non-performing assets (NPA) ratio has risen to 2.97%, reflecting an increase in stressed loans. Furthermore, operating profit and operating profit margin have both reached their lowest points in recent quarters, suggesting a decline in operational efficiency.
In light of these developments, Equitas Small Finance Bank has experienced adjustments in its evaluation, with its score reflecting these underlying trends.
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