EQUITAS SFB EARNING UPDATES
Ujjivan SFB to work on key focus areas
The SFB entered new states in FY24, which is expected to support the loan book growth in the medium term. The analysts have trimmed the earnings expectations citing possibility of higher loan loss provisioning over the next two years.
Ujjivan SFB drops 5% on higher credit cost projection
Ujjivan Small Finance Bank's shares plunged a tad over 5% Monday after its management projected a higher credit cost for the fiscal 2024-25 and a 20% lending growth, which is at the lower end of a range given earlier.
Capital Small Finance Bank Q4 Results: Lender reports net profit at Rs 28.2 crore
Capital Small Finance Bank on Thursday reported Rs 28.2 crore net profit for the March quarter against Rs 24.3 crore in the year-ago period, riding on lower provisions and contingencies.
Utkarsh SFB Q4 Results:Net profit jumps 19% YoY to Rs 160 crore on higher total income
The net profit was Rs 134 crore in the year-ago period. Its operating profit was 35% higher at Rs 282 crore against Rs 208 crore in the year-ago quarter, supported by a 32% rise in net interest income at Rs 540 crore.
Q4 Results: How AU SFB, DCB Bank and Equitas SFB performed in March quarter
Banking companies, AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.
Q4 results today: HUL, Axis Bank, LTIMindtree among 22 companies to announce earnings
Today marks a significant day for investors and market participants as several key companies from various sectors are set to announce their fourth-quarter results. Among the notable earnings releases, Hindustan Unilever (HUL), LTIMindtree, Indian Hotels, Axis Bank, Macrotech, and Tata Investment stand out.
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Is the bottom of the pyramid also a big opportunity? 4 small finance banks with upside scope of up to 41%
While it's commonly thought that auto and FMCG companies are prime indicators of the rural economy's health due to their direct consumer engagement, small finance banks (SFBs) may actually provide a clearer picture of the rural and semi-urban economic landscape. This clarity comes from their operational focus on these less urbanized areas and their direct involvement in lending to local businesses. Despite facing various challenges, SFBs have seen growth, driven largely by the unmet demand for capital at reasonable interest rates in rural areas. They offer credit to the bottom of the pyramid, at more favorable rates compared to traditional options which were available till a few years back, filling a critical gap.
Suryoday Small Finance Bank Q3 Results: Net profit jumps four-fold to Rs 57 crore
Operating profit before provision was higher at Rs 114 crore against Rs 63 crore. Net interest income was at Rs 246 crore as compared with Rs 183 crore, reflecting 34% rise.
Unity Small Finance Bank Q3 Results: Net profit jumps 79% YoY to Rs 110 crore
Unity Small Finance Bank on Monday reported a 79% rise in net profit at Rs 110 crore for the December 2023 quarter against Rs 61 crore in the year-ago period. Operating profit was nearly three-fold higher at Rs 133 crore against Rs 47 crore.
AU Small Finance Bank Q3 Results: Net profit falls 4% YoY to Rs 375 crore
The bank's net interest margin for the quarter squeezed 6 basis points sequentially to 5.5% given a 20 basis points rise in cost of funds to 6.9% amid tight liquidity and intense competition for mobilising deposits. Its pre-provision operating profit for the third quarter was 18% higher at Rs 657 crore compared with the year-ago period's Rs 556 crore, backed by a 15% rise in net interest income at Rs 1,325 crore.
Equitas Small Finance Bank Q3 Results: Net profit rises 19% YoY to Rs 202 crore
The net interest margin for the quarter compressed to 8.37% against 9.01% seen in the December 2022 quarter, primarily because of rising cost of funds. Net interest income rose 21% year-on-year at Rs 785 crore while other income grew 35% at Rs 206 crore.
Breakout Stocks: How to trade BLS International, Bajaj Auto and Equitas SFB on Wednesday
BLS is currently trading at an all-time high of ₹317. The stock has recently experienced a robust breakout of a rounding bottom pattern, accompanied by significant trading volume, forming a strong bullish candle on the daily chart. This trend signals a positive shift in momentum for the stock
Unity Small Finance Bank earns Rs 186 crore net profit for fiscal first half
The bank's net income stood at Rs 515 crore reflecting a 115% year-on-year rise, driven by a higher outreach to customers across products and geographies. Pre-provisioning operating profit also doubled at Rs 137 crore.
Equitas SFB, BSE, 6 other small cap stocks hit all-time highs on Friday
In a day filled with exceptional market activity, several small-cap stocks reached new all-time highs on October 20, highlighting their impressive performance and growth potential.
Fincare Small Finance Bank gets Sebi nod for IPO
Fincare SFB applied for the IPO afresh in May. It initially filed draft papers last year but needed to refile the proposal with a fresh set of numbers as Sebi sought more information
Suryoday Small Finance Bank Q1 Results: Profit zooms 6-fold to Rs 48 crore
Net interest margin for the quarter improved to 10.1% as compared with 9.1% in the year-ago period. Net interest income was at Rs 225 crore against Rs 177 crore. Pre-provisioning operating profit rose 48% at Rs 117 crore
Utkarsh Small Finance Bank Q1 Results: Profit jumps 20% YoY to Rs 107 crore on lower provisions
Its net interest margin for the quarter was however lower at 9.2% as compared with 9.7% earlier. Net interest income was 21% higher at Rs 422 crore. The bank expects that yield on advances would improve in the next few quarters with re-pricing of interest rates in microfinance, which is its lending segment
Utkarsh SFB fifth bank in category to be listed on bourses
Utkarsh Small Finance Bank, the fifth small finance bank to be listed, has launched an initial public offer of INR5bn ($66m). The funding will enable the bank to expand its business over the next two years, according to managing director Govind Singh. The shares are priced at between INR23 and INR25, with a face value of INR10. Jana and Fincare are among other small finance banks looking to raise equity via a public offering.
Senior citizens can earn up to 9% interest rate on this bank FDs
Equitas Small Finance Bank has introduced a new 444 days duration for fixed deposits in accounts with domestic and NRE/NRO interest rates.
Stock Radar: 50% rally in 6 months! This financial services stock hits fresh record high in May; time to buy?
Experts suggest Equitas Small Finance Bank's stock can reach Rs 100 in 3-6 months. The stock has rallied more than 50% in the last six months, hitting a fresh high of Rs 85.80 in intraday trading on May 29. Technical analysis indicates the stock has witnessed a 2-year breakout and has confirmed a breakout on Heikin Ashi candles.
Suryoday SFB back in the black in Q4 on renewed biz momentum
Suryoday Small Finance Bank has reported a net profit of Rs 39 crore in the first quarter of FY23, as compared to a loss of Rs 48 crore in the same period last year. The rise in profit was attributed to the improvement in asset quality, with the bank's net interest margin rising to 10.4%.
Ujjivan Small Finance Bank Q4 Results: Profit jumps two-and-a-half folds to Rs 310 crore
Its net interest margin, a key profitability ratio, was 9.5% for FY23 while the guidance for FY24 is to have the ratio lower at 9% as the bank is bringing down the share of more remunerative microfinance books in the total portfolio. "We look to grow the secured books with the share of microfinance likely to come down to 68% by March 2024 from 71% now," Davis told ET.
Equitas Small Finance Bank jump over 7% post Q4 results. Should you Buy, sell or hold?
Equitas Small Finance Bank reported a 58% YoY rise in net profit for Q1 at INR 190 crore ($25.5m) and a total income of INR 1,394.41 crore. Following the announcement, shares in the bank surged 7.5% to reach INR 78.35 on Monday. The Board of Directors also recommended a dividend of Re 1 per equity share. Analysts have advised buying Equitas' stock, with YES Securities predicting 25% loan CAGR and 33% earnings CAGR over FY23-25 and expecting RoE to surpass 16% in FY25.
AU SFB Q4 Results: Net profit rises 23% YoY to Rs 425 crore
AU's net interest margin for the quarter was a shade lower at 6.1% compared with 6.3% seen in the year-ago period. Its cost of funds rose by 32 basis points to 6.29%.
Two foreign investors buy stakes in Equitas SFB for Rs 98 cr in bulk deal
According to the shareholding pattern as of December quarter, Equitas Small Finance Bank is completely owned by public shareholders. Mutual funds own about 38.11% stake in the company, while foreign investors have 18.66%. Ace investor Ashish Dhawan holds 3.64% in the company.
As bears grip Sensex, bulls ride on smallcaps; 61 stocks give double-digit weekly returns
Analysts remain broadly positive on the capital goods space as higher spending by the government will drive orders and boost revenue visibility for the companies in this sector.
Equitas SFB Q3 Results: Net profit rises 57% to Rs 170 cr in highest ever quarterly profit
The bank's asset quality improved with gross non-performing assets ratio falling to 3.63% at the end of December 2022 from 4.61% a year back. Net NPA was at 1.8% against 2.5%.“The effect of Covid on the bank’s financials has waned," managing director PN Vasudevan said
These 5 midcap stocks with ‘strong buy’ & ‘buy’ ratings can rally over 25%, say analysts
For all those who are getting jittery about markets getting volatile, just a reminder that in quarterly earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results from select sectors like financials. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
AU SFB Q3 Results: PAT rises 30% to Rs 393 cr on improved income
AU Small Finance Bank's total income rose 36% at Rs 2,413 as compared with Rs 1,773 crore. Provisions fell 41% at Rs 33 crore against Rs 56 crore.Its asset quality improved with gross non-performing assets ratio falling to 1.81% at the end of December against Rs 2.6% a year back. Net NPA was at 0.51% against 1.29%.
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