General information about company |
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|---|---|
| Scrip code | 544020 |
| NSE Symbol | ESAFSFB |
| MSEI Symbol | NOTLISTED |
| ISIN | INE818W01011 |
| Name of bank | ESAF SMALL FINANCE BANK LIMITED |
| Class of security | Equity |
| Date of start of financial year | 01-Apr-2025 |
| Date of end of financial year | 31-Mar-2026 |
| Date of board meeting when results were approved | 08-Aug-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 01-Aug-2025 |
| Description of presentation currency | INR (in Actuals) |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 08-Aug-2025 10:30:00 |
| End date and time of board meeting | 08-Aug-2025 13:35:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether the company has any related party? | |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | |
| (III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? | |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | |
| Latest Date on which RPT policy is updated | |
| Indicate Company website link for updated RPT policy of the Company | |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There were no default on loans and debt securties during the period | |
Financial Results - Banking |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Interest earned | ||
| Interest or discount on advances or bills | 7206096000 | 7206096000 | |
| Income on investments | 1005207000 | 1005207000 | |
| Interest on balances with reserve bank of India and other inter bank funds | 70984000 | 70984000 | |
| Others | 0 | 0 | |
| Total interest earned | 8282287000 | 8282287000 | |
| 2 | Other income | 1951399000 | 1951399000 |
| 3 | Total income | 10233686000 | 10233686000 |
| Expenses | |||
| 4 | Interest expenses | 4503582000 | 4503582000 |
| 5 | Operating expenses | ||
| (i) | Employees cost | 1904265000 | 1904265000 |
| (ii) | Details of other operating expenses | ||
| Description of other operating expenses | |||
| 1 | Rent, taxes and lighting | 319729000 | 319729000 |
| 2 | Printing and stationery | 9283000 | 9283000 |
| 3 | Advertisement and publicity | 42106000 | 42106000 |
| 4 | Depreciation | 163046000 | 163046000 |
| 5 | Directors' fees, allowances and expenses | 5695000 | 5695000 |
| 6 | Auditors' fees and expenses | 2100000 | 2100000 |
| 7 | Law charges | 4490000 | 4490000 |
| 8 | Postage, Telegrams, Telephones | 90527000 | 90527000 |
| 9 | BC expenses | 950375000 | 950375000 |
| 10 | Other Expenditure | 989266000 | 989266000 |
| Total other operating Expenses | 2576617000 | 2576617000 | |
| Total Operating Expenses | 4480882000 | 4480882000 | |
| 6 | Total expenditure excluding provisions and contingencies | 8984464000 | 8984464000 |
| 7 | Operating profit before provision and contingencies | 1249222000 | 1249222000 |
| 8 | Provisions other than tax and contingencies | 2341213000 | 2341213000 |
| 9 | Exceptional items | 0 | 0 |
| 10 | Total profit (loss) from ordinary activities before tax | -1091991000 | -1091991000 |
| 11 | Provision for Tax | -279776000 | -279776000 |
| 12 | Net profit (loss) from ordinary activities after tax | -812215000 | -812215000 |
| 13 | Extraordinary items net of tax expenses | 0 | 0 |
| 14 | Net profit (loss) for the period | -812215000 | -812215000 |
| 15 | Share of profit (loss) of associates | ||
| 16 | Profit (loss) of minority interest | ||
| 17 | Net Profit (loss) after taxes minority interest and share of profit (loss) of associates | -812215000 | -812215000 |
| 18 | Details of equity share capital [Abstract] | ||
| Paid-up equity share capital | 5154275000 | 5154275000 | |
| Face value of equity share capital | 10 | 10 | |
| 19 | Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) | ||
| 20 | Analytical ratios | ||
| (i) | Percentage of share held by government of India | 0 | 0 |
| (ii) | Capital adequacy ratio | ||
| CET 1 ratio | 17.91 | 17.91 | |
| Additional Tier 1 ratio | 0.52 | 0.52 | |
| (iii) (a) | Earnings per share before extraordinary items | ||
| Basic earnings per share before extraordinary items | -1.58 | -1.58 | |
| Diluted earnings per share before extraordinary items | -1.57 | -1.57 | |
| (iii) (b) | Earnings per share after extraordinary items | ||
| Basic earnings per share after extraordinary items | -1.58 | -1.58 | |
| Diluted earnings per share after extraordinary items | -1.57 | -1.57 | |
| (iv) | NPA Ratios | ||
| Amount of gross non-performing assets | 13636306000 | 13636306000 | |
| Amount of net non-performing assets | 6608984000 | 6608984000 | |
| % of gross NPAs | 7.48 | 7.48 | |
| % of net NPAs | 3.77 | 3.77 | |
| Return on assets | -0.3 | -0.3 | |
| 21 | Disclosure of notes on financial results by banks | Textual Information(1) | |
Text Block | |||
| Textual Information(1) | The statement of unaudited financial results for the quarter ended 30 June 2025 ( Statement or financial results ) have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 8 August 2025 in accordance with the requirement of Regulation 33 and Regulation 52 of SEBI (Listing Obligations The above financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Accounting Standard ( Accounting standards ) prescribed under Section 133 of the Companies Act, 2013 (the Act ), in so far as they apply to the Banks, the relevant provisions of the Banking The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statement for the year ended 31 March 2025. Any circulars/ directions issued by RBI is implemented prospectively when it becomes applicable, unless specifically required under those The Capital Adequacy Ratio (“CRAR”) has been computed as per the Operating guidelines in the RBI notification RBI/2016-17/81 DBR.NBD.NO.26/16.13.218/2016-17 dated 6 October 2016 ( the Operating guidelines ) prescribed for Small Finance Bank. The Bank has followed Basel II standardised approach for credit risk in accordance with the Operating Guidelines issued by the RBI for Small Finance Banks. Further, no separate capital charge for market risk and operational risk has been computed in view of the exception contained in RBI Notification DBR. NBD. NO. 4502/16.13.218/2017-18 dated 8 November 2017. During the Quarter ended 30 June 2025, the bank has not acquired / transferred any loans not in default through assignment of loans. (ii) Details of stressed loans transferred to Asset Reconstruction Company for the quarter ended 30 June 2025 is given below. Sl No Particulars Sale to ARC 1 No. of Accounts (Nos) 2,12,564 2 Aggregate principal outstanding of loans transferred 73,340 3 Weighted average residual tenure of loans 0.49 4 Net book value of loans transferred 7,242 5 Aggregate consideration 7,334 6 Additional consideration realised in respect of accounts transferred earlier - Ratings Rating Agency Recovery Rating Gross Value of Outstanding SRs RR3 Crisil 50% and upto 75% 4,579.82* * the same is carried at Rs.2/- in the books. The determination of the recovery rating for the security receipts for stressed assets transferred during the quarter ended 30 June 2025 is in progress and will be completed within the prescribed regulatory timelines. 7. The Bank is carrying an additional contingency provision on standard assets of Rs. 4,064 Lakhs as on 30 June 2025 (Rs.4,447 Lakhs as on 31 March 2025). 8. Other income includes processing fee, Revaluation profit or loss, profit/ loss on sale of investments (net off provision for depreciation), Income from selling of third party products, recovery from loans written off, income from dealing in PSLC and Collection Agency Fees from Asset Reconstruction Companies (ARC). 9. During the quarter ended 30 June 2025, the Bank has not allotted any equity shares pursuant to the exercise of options under the approved employee stock option scheme. 10. As at 31 March 2025, the Bank has 9,88,815 options outstanding under the approved Employee Stock Option Plan(ESOP). In addition to the same, during the Quarter ended 30 June 2025 bank granted 9,64,196 options, 3,158 options lapsed and balance 19,49,853 options remains outstanding under the approved Employee Stock Option Plan (ESOP). Out of the outstanding options 9,85,657 are vested as on date. 11. The Bank does not have any subsidiary/ associate/ joint venture as on 30 June 2025. 12. The figures of quarter ended 31 March 2025 is the balancing figures between audited figures in respect of the full financial year ended 31 March 2025 and the unaudited published year to date figures up to nine months ended 31 December 2024, which was subjected to a limited review. 13. The Board of Directors at their meeting held on 14 June 2024, had taken a strategic decision to reduce concentration risk associated with dependence on business correspondents and had decided to modify the existing arrangement with M/s. ESAF Swasraya Multi State Agro Co-operative Society Limited (“ESMACO”), the largest business correspondent and one of the promoter group entities of the Bank from 1 July 2024. In terms of the modified arrangement the Bank had absorbed 5,109 trained employees of ESMACO and had agreed to compensate ESMACO Rs 5,800 lakhs (inclusive of GST) being the value addition for sourcing and training the staff which otherwise the Bank would have had to incur based on an independent external valuation. These employees would be eligible to all the benefits similar to the Bank staff from 1 July 2024. Accordingly Rs. 5,800 Lakhs is reported as an exceptional item for the year ended 31 March 2025. 14.Figures for the previous period/year have been reclassified/regrouped wherever necessary, to conform to the current period classification. . | ||
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Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results |
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|---|---|---|---|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
| Date of start of reporting period | 01-Apr-2025 | ||||||
| Date of end of reporting period | 30-Jun-2025 | ||||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Retail | 8163600000 | 8163600000 | ||||
| 2 | Wholesale | 301800000 | 301800000 | ||||
| 3 | Treasury | 1375400000 | 1375400000 | ||||
| 4 | Other Banking Operations | 392900000 | 392900000 | ||||
| 5 | Capital & Reserves | 0 | 0 | ||||
| 6 | Unallocated | 0 | 0 | ||||
| 7 | NA | 0 | 0 | ||||
| 8 | NA | 0 | 0 | ||||
| 9 | NA | 0 | 0 | ||||
| 10 | NA | 0 | 0 | ||||
| 11 | NA | 0 | 0 | ||||
| 12 | NA | 0 | 0 | ||||
| 13 | NA | 0 | 0 | ||||
| 14 | NA | 0 | 0 | ||||
| 15 | NA | 0 | 0 | ||||
| Total Segment Revenue | 10233700000 | 10233700000 | |||||
| Less: Inter segment revenue | 0 | ||||||
| Income from operations | 10233700000 | 10233700000 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Retail | -1810000000 | -1810000000 | ||||
| 2 | Wholesale | 78700000 | 78700000 | ||||
| 3 | Treasury | 267700000 | 267700000 | ||||
| 4 | Other Banking Operations | 371600000 | 371600000 | ||||
| 5 | Capital & Reserves | 0 | 0 | ||||
| 6 | Unallocated | 0 | 0 | ||||
| 7 | NA | 0 | 0 | ||||
| 8 | NA | 0 | 0 | ||||
| 9 | NA | 0 | 0 | ||||
| 10 | NA | 0 | 0 | ||||
| 11 | NA | 0 | 0 | ||||
| 12 | NA | 0 | 0 | ||||
| 13 | NA | 0 | 0 | ||||
| 14 | NA | 0 | 0 | ||||
| 15 | NA | 0 | 0 | ||||
| Total Profit before tax | -1092000000 | -1092000000 | |||||
| i. Finance cost | 0 | ||||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0 | ||||||
| Profit before tax | -1092000000 | -1092000000 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Retail | 172466600000 | 172466600000 | ||||
| 2 | Wholesale | 10136100000 | 10136100000 | ||||
| 3 | Treasury | 77981900000 | 77981900000 | ||||
| 4 | Other Banking Operations | 0 | 0 | ||||
| 5 | Capital & Reserves | 0 | 0 | ||||
| 6 | Unallocated | 6450100000 | 6450100000 | ||||
| 7 | NA | 0 | 0 | ||||
| 8 | NA | 0 | 0 | ||||
| 9 | NA | 0 | 0 | ||||
| 10 | NA | 0 | 0 | ||||
| 11 | NA | 0 | 0 | ||||
| 12 | NA | 0 | 0 | ||||
| 13 | NA | 0 | 0 | ||||
| 14 | NA | 0 | 0 | ||||
| 15 | NA | 0 | 0 | ||||
| 16 | Retail | 172466600000 | 172466600000 | ||||
| 17 | Wholesale | 10136100000 | 10136100000 | ||||
| 18 | Treasury | 77981900000 | 77981900000 | ||||
| 19 | Other Banking Operations | 0 | 0 | ||||
| 20 | Capital & Reserves | 0 | 0 | ||||
| 21 | Unallocated | 6450100000 | 6450100000 | ||||
| 22 | NA | 0 | 0 | ||||
| 23 | NA | 0 | 0 | ||||
| 24 | NA | 0 | 0 | ||||
| 25 | NA | 0 | 0 | ||||
| 26 | NA | 0 | 0 | ||||
| 27 | NA | 0 | 0 | ||||
| 28 | NA | 0 | 0 | ||||
| 29 | NA | 0 | 0 | ||||
| 30 | NA | 0 | 0 | ||||
| Total Segment Assets | 267034700000 | 267034700000 | |||||
| Un-allocable Assets | 0 | 0 | |||||
| Net Segment Assets | 267034700000 | 267034700000 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Retail | 172175200000 | 172175200000 | ||||
| 2 | Wholesale | 9616600000 | 9616600000 | ||||
| 3 | Treasury | 61242000000 | 61242000000 | ||||
| 4 | Other Banking Operations | 0 | 0 | ||||
| 5 | Capital & Reserves | 18637900000 | 18637900000 | ||||
| 6 | Unallocated | 5363000000 | 5363000000 | ||||
| 7 | NA | 0 | 0 | ||||
| 8 | NA | 0 | 0 | ||||
| 9 | NA | 0 | 0 | ||||
| 10 | NA | 0 | 0 | ||||
| 11 | NA | 0 | 0 | ||||
| 12 | NA | 0 | 0 | ||||
| 13 | NA | 0 | 0 | ||||
| 14 | NA | 0 | 0 | ||||
| 15 | NA | 0 | 0 | ||||
| 16 | Retail | 172175200000 | 172175200000 | ||||
| 17 | Wholesale | 9616600000 | 9616600000 | ||||
| 18 | Treasury | 61242000000 | 61242000000 | ||||
| 19 | Other Banking Operations | 0 | 0 | ||||
| 20 | Capital & Reserves | 18637900000 | 18637900000 | ||||
| 21 | Unallocated | 5363000000 | 5363000000 | ||||
| 22 | NA | 0 | 0 | ||||
| 23 | NA | 0 | 0 | ||||
| 24 | NA | 0 | 0 | ||||
| 25 | NA | 0 | 0 | ||||
| 26 | NA | 0 | 0 | ||||
| 27 | NA | 0 | 0 | ||||
| 28 | NA | 0 | 0 | ||||
| 29 | NA | 0 | 0 | ||||
| 30 | NA | 0 | 0 | ||||
| Total Segment Liabilities | 267034700000 | 267034700000 | |||||
| Un-allocable Liabilities | 0 | 0 | |||||
| Net Segment Liabilities | 267034700000 | 267034700000 | |||||
| Disclosure of notes on segments | The business of the Bank is confined within India and does not have any assets situated outside India or earnings from outside India. Accordingly, the Bank has reported operations in domestic segment only Income, expenses, assets and liabilities have been either specifically identified to individual segments or allocated to segments based on matching principle and the residual items are classified as unallocated Unallocated item includes capital expenditure, deferred income tax assets/ liabilities and advance tax etc In computing the above information, certain estimates and assumptions have been made by the management and have been relied upon by the auditors The RBI vide its Circular dated April 7, 2022 on establishments of Digital Banking Units (DBUs) has prescribed reporting of Digital Banking Segments as a sub segment of Retail Banking Segment (RBS). The Bank has not set up any DBU so far and hence DBU has not been disclosed as a seperate segment as per Accounting Standard 17 (Segment Reporting | ||||||
Details of Impact of Audit Qualification |
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|---|---|
| Whether results are audited or unaudited | Unaudited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Abarna & Ananthan | Yes | 30-Sep-2025 | ||
|---|---|---|---|---|---|
| 2 | Kirtane & Pandit LLP | Yes | 31-Dec-2025 | ||