INTEGRATED FILING — BANKING



General information about company

Scrip code 543243
NSE Symbol EQUITASBNK
MSEI Symbol NA
ISIN INE063P01018
Name of bank EQUITAS SMALL FINANCE BANK LIMITED
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-01-2026   11:05:00
End date and time of board meeting 29-01-2026   13:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
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
Not Applicable


Financial Results - Banking

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
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 1,49,486.35 4,33,924.25
Income on investments 16,925.58 49,334.77
Interest on balances with reserve bank of India and other inter bank funds 2,756.00 12,529.80
Others 0.00 0.00
Total interest earned 1,69,167.93 4,95,788.82
2 Other income 28,945.49 81,008.84
3 Total income 1,98,113.42 5,76,797.66
Expenses
4 Interest expenses 84,005.00 2,54,683.48
5 Operating expenses
(i) Employees cost 51,628.45 1,44,998.02
(ii) Details of other operating expenses
Description of other operating expenses
1 Rent, taxes and lighting 5,776.79 15,898.62
2 Depreciation on bank's property 4,251.79 12,082.46
3 Information Technology Expenses 4,035.42 12,256.99
4 Postage, telegram, telephone etc. 997.22 2,717.72
5 Law charges (including professional fees) 1,688.79 4,875.23
6 Bank and Other finance charges 325.90 1,172.56
7 Directors' fees, allowances and expenses 81.87 239.36
8 Auditors' fees and expenses 34.25 103.09
9 CSR contributions 415.50 1,240.57
10 Others 14,154.48 40,278.55
Total other operating Expenses 31,762.01 90,865.15
Total Operating Expenses 83,390.46 2,35,863.17
6 Total expenditure excluding provisions and contingencies 1,67,395.46 4,90,546.65
7 Operating profit before provision and contingencies 30,717.96 86,251.01
8 Provisions other than tax and contingencies 19,345.40 1,01,272.63
9 Exceptional items 0.00 0.00
10 Total profit (loss) from ordinary activities before tax 11,372.56 (15,021.62)
11 Provision for Tax 2,369.78 (4,061.60)
12 Net profit (loss) from ordinary activities after tax 9,002.78 (10,960.02)
13 Extraordinary items net of tax expenses 0.00 0.00
14 Net profit (loss) for the period 9,002.78 (10,960.02)
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 9,002.78 (10,960.02)
18 Details of equity share capital [Abstract]
Paid-up equity share capital 1,14,071.99 1,14,071.99
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 16.6300 16.6300
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 0.79 -0.96
Diluted earnings per share before extraordinary items 0.79 -0.96
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 0.79 -0.96
Diluted earnings per share after extraordinary items 0.79 -0.96
(iv) NPA Ratios
Amount of gross non-performing assets 1,11,609.43 1,11,609.43
Amount of net non-performing assets 36,715.47 36,715.47
% of gross NPAs 2.7500 2.7500
% of net NPAs 0.9200 0.9200
Return on assets 0.1600 -0.200
21 Disclosure of notes on financial results by banks Textual Information(1)


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Textual Information(1) Notes : 3 The above unaudited financial results (along with the notes given below) hereafter referred as Statement” of Equitas Small Finance Bank Limited (“Bank” or “ESFBL”) for the quarter and nine months ended December 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on January 28, 2026 and January 29, 2026 respectively and have been subjected to limited review by the statutory auditors of the Bank (M/s ASA & Associates LLP, Chartered Accountants and M/s Suri & Co, Chartered Accountants). The report thereon is unmodified. 4 The above financial results of the Bank have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards specified under Section 133 of the Companies Act, 2013 read with relevant rules thereunder, in so far as they apply to the Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (the RBI) from time to time and other accounting principles generally accepted in India, and are in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Regulations) as amended including relevant circulars issued by the SEBI from time to time. 5 The Bank has applied its significant accounting policies, in the preparation of these financial results, consistent with those followed in the annual financial statements for the year ended March 31, 2025. Any circulars / directions issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/ directions. 6 The Capital adequacy ratio has been computed as per the operating guidelines for Small Finance Banks in accordance with RBI Circular No. RBl/2016-17/81 DBR.NBD.No.26/16.13.218/2016-17 dated October 6, 2016 and other related guidelines issued thereto. Accordingly, the Bank has been following Basel II standardized approach for credit risk in accordance with the aforesaid guidelines and no separate capital charge is prescribed for market risk and operational risk. Basel II Standardized approach is followed in accordance with RBI circular No. RBI/DOR/2025-26/182 DOR.CAP.REC.101/21-01-002/2025-26 dated November 28, 2025 on Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Directions, 2025 and any amendments in this regard from time to time. 7 The Bank makes Pillar III disclosures as part of Market Discipline as per above referred RBI directions. In addition to this, the Bank provides disclosures on Leverage ratio as per Basel III- Capital Regulations which is also detailed out in the above mentioned directions. Further, the Bank makes disclosures on Liquidity Coverage Ratio and Net Stable Funding Ratio (vide ref. RBI/DOR/2025-26/194 DOR.LRG.No.113/13-10-002/2025-26 dated November 28, 2025 on Reserve Bank of India (Small Finance Banks – Asset Liability Management) Directions, 2025) and any amendments in this regard from time to time. These disclosures are available on the Bank's website at the following link: https://ir.equitas.bank.in/reports-and-presentations/. These disclosures have not been subjected to audit or limited review. 8 Details of loans transferred / acquired during the nine months ended December 31, 2025 as per 'Reserve Bank of India (Small Finance Banks - Financial Statements : Presentation and Disclosures) Directions, 2025 dated November 28, 2025 and as amended thereafter, are given below: (i) Details of Non-Performing Assets (NPAs) transferred. (Amount in ` Lakh except number of accounts and months) Particulars To Asset Reconstruction Companies (ARC's) To permitted transferees To other transferees Number of accounts 14,393 - - Aggregate principal outstanding of loans transferred 56,539.88 - - Weighted average residual tenor of the loans transferred (in Months) 31.57 - - Net book value of loans transferred (at the time of transfer) 4,107.78 - - Aggregate consideration 18,400.00 - - Additional consideration realized in respect of accounts transferred in earlier years - - - The Bank has reversed excess provision of ` 6,831.22 Lakh to the Profit and Loss account on account of sale of Non performing advances to ARC (ii) The Bank has not transferred any Special Mention Account (SMA) and loan not in default. (iii) Details of loans not in default acquired through assignment are given below: Aggregate amount of loans acquired ( ` in Lakh) 135,408.51 Weighted average residual maturity (in Months) 18.01 Weighted average holding period by originator (in Months) 8.36 Retention of beneficial economic interest by the originator ( ` in Lakh) 15,385.64 Tangible security coverage (%) 0 Rating-wise distribution of rated loans Nil (iv) The Bank has not acquired any stressed loan. (v) Details of Ratings of Security receipts (SR) as at December 31, 2025 are given below. (Amount in ` Lakh) Rating Rating Agency Recovery Rating Gross Value of Outstanding SRs IND RR5 India Ratings Upto 25% 4,033.00 RR1 India Ratings 100% - 150% 6,027.54 Yet to be rated * 7,461.00 Total 17,521.54 * Pursuant to regulatory norms, the ARC has time to obtain initial rating of SRs from an approved credit rating agency within a period of six months from the date of acquisition of assets by it. 9 The Bank does not have any project finance as at December 31, 2025 to disclose under 'Reserve Bank of India (Small Finance Banks - Financial Statements : Presentation and Disclosures) Directions, 2025' dated November 28, 2025. 10 During the nine months ended December 31, 2025, the Bank has allotted 8,57,472 equity shares of ` 10 each pursuant to the exercise of options by its employees in accordance with the ESFB ESOP Scheme. 11 On November 21, 2025, the Government of India notified four Labour Codes viz., the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, & the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the 'New Labour Codes', consolidating existing 29 labour laws. The Bank has assessed the impact of these changes to the extent applicable to it and has made an incremental provision of ` 2,952 Lakh under 'Employees cost' in the Profit and Loss Account during the quarter and nine months ended December 31, 2025. The above impact will be re-assessed and finalised based on the final rules as and when notified and industry practices. 12 During the nine months ended December 31, 2025, the Bank has raised Tier II Capital of `50,000 Lakh. 13 Other Income includes fees earned from providing services to customers, selling of third-party products, profit on sale of investments (net), profit / (loss) on revaluation of investments, Profit on sale of NPA advances to ARC, recoveries from accounts previously written off, excess interest spread on securitisation, etc., 14 Information as required pursuant to Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: a) Methodology for computation of the ratios is as follows : Debt - equity ratio Borrowings with residual maturity of more than one year / sum of Capital and Reserves & Surplus Total debts to total assets Total borrowings of the Bank / Total Assets Networth Calculated as per the Master Circular - Exposure Norms issued by the RBI b) Basis nature of Bank's Business, the ratios considered to be not applicable are Current Ratio, Long term debt to working capital, Bad Debts to Account Receivable Ratio, Debt service coverage ratio, Interest service coverage ratio, current liability ratio, Debtors’ turnover, Inventory turnover, Operating margin % and Net profit margin %. 15 The Bank does not have any Subsidiary, Associate or Joint venture as at December 31, 2025. Accordingly, the Bank is not required to publish the consolidated financial results. 16 During the nine months ended December 31, 2025, the Bank has paid ` 636 Lakh towards purchase of Priority Sector Lending Certificates (‘PSLC’). The same is amortised on a straight-line basis over the tenor of the certificate. The Bank has accounted ` 479 Lakh as PSLC Fee expenses during the period ended December 31, 2025 on a pro rata basis. 17 Previous period / year figures have been reclassified/regrouped, wherever necessary, to conform to the current period / year classification/ grouping. For Equitas Small Finance Bank Limited Place: Chennai P N Vasudevan Date : January 29, 2026 Managing Director and Chief Executive Officer


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
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 Treasury 23,057.29 80,615.74
2 Retail Banking 1,68,403.12 4,80,547.38
3 Wholesale Banking 3,720.93 7,091.26
4 Other Banking operations 2,932.08 8,543.28
5 Unallocated 0.00 0.00
Total Segment Revenue 1,98,113.42 5,76,797.66
Less: Inter segment revenue
Income from operations 1,98,113.42 5,76,797.66
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury 6,375.85 24,138.50
2 Retail Banking 4,225.12 (39,943.08)
3 Wholesale Banking (331.78) (2,462.92)
4 Other Banking operations 2,845.67 8,199.20
5 Unallocated (1,742.30) (4,953.32)
Total Profit before tax 11,372.56 (15,021.62)
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 11,372.56 (15,021.62)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury 12,01,113.63 12,01,113.63
2 Retail Banking 41,09,562.49 41,09,562.49
3 Wholesale Banking 2,25,954.48 2,25,954.48
4 Other Banking operations 0.00 0.00
5 Unallocated 42,001.57 42,001.57
Total Segment Assets 55,78,632.17 55,78,632.17
Un-allocable Assets 0.00 0.00
Net Segment Assets 55,78,632.17 55,78,632.17
4 Segment Liabilities
Segment Liabilities
1 Treasury 10,75,936.56 10,75,936.56
2 Retail Banking 37,01,123.69 37,01,123.69
3 Wholesale Banking 2,03,285.90 2,03,285.90
4 Other Banking operations 0.00 0.00
5 Unallocated 3,677.52 3,677.52
Total Segment Liabilities 49,84,023.67 49,84,023.67
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 49,84,023.67 49,84,023.67
Disclosure of notes on segments Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, and guidelines prescribed by RBI and in compliance with the Accounting Standard 17 - Segment Reporting. The methodology adopted by the Bank in compiling and reporting the above information has been relied upon by the auditors. The RBI vide its circular dated April 7, 2022 on establishment of Digital Banking Units (DBUs), has prescribed reporting of Digital Banking Segment as a sub - segment of Retail Banking Segment. The Bank has not set up any DBUs and hence no Digital Banking Segment disclosure have been made. The business operations of the Bank are in India and for the purpose of segment reporting as per Accounting Standard-17 (Segment reporting) the bank is considered to operate only in domestic segment.