Equitas Small Finance Bank on January 25 reported a net profit of Rs 201 crore for the October-December quarter of financial year (FY) 2023-24, a 21 percent jump as compared to Rs 170 crore clocked in the year-ago period.
Net interest income (NII) rose to Rs 785 crore, up by 21 percent as compared to Rs 647 crore reported in the corresponding quarter of the previous fiscal.
Equitas Small Finance Bank's gross non-performing asset (NPA) stood at 2.38 percent, down from 3.46 percent recorded in the same quarter last year. On the other hand, net NPA for the quarter stood at 1.06 percent, improving from 1.73 percent on a year-on-year basis. The net interest margin of the lender stood at 8.37 percent.
The lender's advances grew at 32 percent YoY and retail term deposits grew 61 percent YoY to Rs 13,333 crore, contributing to 62 percent of total term deposits.
Shares of the lender were trading nearly 0.33 percent down at Rs 105.75 apiece on the BSE at 3 pm.
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