Net profit surged to ₹213 crore in Q4, compared with ₹42 crore in the year-ago period, reflecting a significant improvement in earnings. Net interest income rose 18.2% year-on-year to ₹980 crore from ₹829 crore, supported by stable lending growth and better spreads.
Asset quality metrics showed further improvement on a sequential basis. The gross non-performing asset (NPA) ratio eased to 2.60% from 2.75% in the previous quarter, while net NPA declined to 0.72% from 0.92%. In absolute terms, gross NPAs stood at ₹1,135 crore, slightly higher quarter-on-quarter, while net NPAs fell to ₹306 crore from ₹354 crore.
The bank’s performance builds on momentum seen in the December quarter, when it had reported a 35.8% year-on-year rise in profit to ₹90 crore, alongside improving asset quality and lower credit costs driven by reduced slippages.
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Separately, the bank last week received approval from the Reserve Bank of India for the re-appointment of Vasudevan P N as Managing Director and Chief Executive Officer for a fresh three-year term starting July 23, 2026, providing continuity in leadership.
Ahead of the earnings announcement, shares of Equitas Small Finance Bank closed marginally lower at ₹66.80 on the NSE.
