Earnings in line despite one-offs; business growth steady

Company
25 Apr 2024
5 Min read 
  • Equitas Small Finance reported in-line earnings for 4QFY24 with steady AUM growth.
  •  Despite one-off items, the bank reported a PAT of INR2.33b.
  •  AUM growth was steady at 21% YoY/3% QoQ to INR337b.
  •  Deposit growth was strong at 42% YoY/12% QoQ, led by healthy growth in TDs and CASA.
  •  Slippages were elevated on one-time classification of the co-borrower NPA.
  •  The bank aims for 80% secured and 20% unsecured composition in its loan portfolio.
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