Chennai, January 29, 2026: The Board of Directors of Equitas Small Finance Bank Limited at its meeting held today, approved the unaudited financial results for quarter and nine months’ period ended December 31, 2025
Gross Advances grew by 16% YoY and 11% QoQ
Disbursements grew by 28% YoY & 22% QoQ
Deposits grew by 7% YoY, CASA stable at 30%
Quarterly PAT of Rs. 90 Crs, a growth of 36% YoY & 273% QoQ
- Key Highlights for Q3FY26:
- Gross Advances grew by 16% YoY and 11% QoQ. Non Microfinance book grew 19% YoY, led by 17% growth in HF, 35% in MSE and 110% in Gold over previous year, respectively.
- Overall deposits registered a growth of 7% YoY
- Business Highlights:
- Highest ever overall Disbursements at Rs. 6557 crs in Q3FY26, a growth of 28% YoY & 22% QoQ
- Our Flagship product SBL book grew by 14% YoY. Secured BL, a part of SBL (Small Business Loans), has grown 22% YoY contributing 32% of the overall SBL portfolio.
- Used Car and Used CV Advances have registered a growth of 36% YoY and 23% YoY respectively.
- CASA ratio stable at 30%
- Cost of Funds reduced to 7.13% in Q3FY26 as compared to 7.35% in Q2FY26
Key Ratios:
- NIM for the quarter stood at 6.72%, significantly improved by ~43 bps QoQ
- Cost to Income stood at 72.96% in Q3FY26 as compared to 75.89% in Q2FY26 and 68.30% in Q3FY25
Capital:
- Networth of the Bank stands at Rs. 5,946 Crs
- As of December 31, 2025, Total CRAR at 20.47% | Tier I at 16.63% and Tier II at 3.84%
Treasury & Liquidity:
- The Bank’s Certificate of Deposit (CD) programme has highest rating at A1+ from India Ratings, CareEdge Ratings & CRISIL
- Liquidity Coverage Ratio (LCR) as on 31.12.2025 is 148.84%
- Income from Investments (including MTM & dividend) for the quarter is Rs. 34 Crore
- Profit & Loss:
- Net Income grew by 8% YoY and 14% QoQ and Total Opex grew by 16% YoY and 9% QoQ
- The bank reported a PAT of Rs.90 crs, a growth of 36% YoY & 273% QoQ. This is after making a one-time incremental provision of Rs. 29.52 crs due to the implementation of new Labour Code in Q3FY26
- Asset Quality & Provisions:
- GNPA reduced by 20 bps QoQ at 2.62% in Q3FY26 as compared to 2.82% in Q2FY26
- NNPA reduced by 7 bps QoQ to 0.88% in Q3FY26 as compared to 0.95% in Q2FY26
- Credit Cost has reduced to 1.88% in Q3FY26 as compared to 2.16% in Q2FY26 and 2.65% in Q3FY25
- Net Slippages reduced by 126 bps QoQ to 2.52% in Q3FY26 as compared to 3.78% in Q2FY26
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