Equitas Small Finance Bank Q4 Review - Well Positioned To Tide Through Covid 2.0: Axis Securities
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Equitas Small Finance Bank Q4 Review - Well Positioned To Tide Through Covid 2.0: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Equitas Small Finance Bank Ltd. posted mixed bag results.

On the operational front, disbursements stood at Rs 2,535 crore (up 5% year-on-year, up 3% quarter-on-quarter) driven by a growth in the small business loans and vehicle finance book.

Excluding micro finance institution book, disbursement growth was approximately 18% YoY.

Assets under management stood at Rs 17,925 crore, registering a QoQ/YoY growth of 3%/17%, respectively.

The share of microfinance book contracted to 18% of AUM from ~20% in Q3 FY21, which we believe is a prudent approach given the high level of uncertainty in Covid 2.0.

The ‘nil’ exposure to the troubled states of West Bengal and Assam provides relief.

Click on the attachment to read the full report:

Axis Securities Equitas_SFB-Q4FY21-Result Update.pdf

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