Equitas Small Finance Bank (EQUITASBNK) investor relations material

Executive summary

• Q4 FY26 saw record disbursements of ₹7,347 Cr, strong business growth, improved asset quality, and record profitability, with all lending products turning profitable and new products contributing positively.

• Net profit for Q4FY26 was ₹213 Cr, up 406% YoY and 136% QoQ; full-year PAT at ₹103 Cr.

• ROA improved to 1.46% in Q4FY26 from 0.32% in Q4FY25; ROE at 14.10% from 2.79% YoY.

• Audited financial results for the quarter and year ended March 31, 2026, were approved with an unmodified audit opinion.

Financial highlights

• Net interest income for Q4FY26 was ₹981 Cr, up 18% YoY and 15% QoQ; total net income at ₹1,239 Cr.

• Gross advances grew 22% YoY to ₹46,165 Cr; disbursements at ₹7,347 Cr, up 72% YoY.

• NIM expanded to 7.29% in Q4FY26 from 7.13% in Q3FY26.

• Deposits grew 8% YoY to ₹46,533 Cr; CASA ratio at 26%; retail deposits at 68% of total.

• Credit cost declined to 1.11% in Q4FY26 from 1.88% in Q3 and 2.74% in Q4FY25.

Outlook and guidance

• Advances growth guidance maintained at 20%+ YoY for FY27, with MFI advances at ~10% of total.

• Exit ROA of about 1.5% expected in Q4FY27; full-year FY27 ROA guidance at 1.2%-1.25%.

• NIM expected to stabilize around 7%-7.1% due to business mix and higher cost of funds.

• Credit cost expected to normalize to around 1.5% for the full year.

• Cost to income expected to moderate further in H2FY27.