Equitas Small Finance Bank Ltd. · NSE:EQUITASBNK
Equitas Small Finance Bank — Q1 FY2026 Earnings Presentation
52 slides from Equitas Small Finance Bank's earnings presentation, Aug 8, 2025
Slide 1: Exchange filing cover letter for investor presentation
August 08, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai – 400 051 Mumbai – 400 001 Symbol : EQUITASBNK Scrip Code : 543243, 976218 & 976979 Dear Sir Sub: Submission of Investors presentation Pursuant to Re
Slide 2: Investor Presentation Q1FY26
Investor Presentation Q1FY26
Slide 3: Disclaimer
Disclaimer Disclaimer: The information in this document, including facts and figures, is being provided by Equitas Small Finance Bank Limited (the “Bank”) for informational purposes only and could be subject to change without notice. The information has also not been independently verified. No repre
Slide 4: Table of Contents
Table of Contents 1. Key Highlights 2. Financial Performance 3. Advances 4. Asset Quality 5. Liabilities & Branch Banking 6. Financials 7. Other Updates 8. Beyond Banking 3
Slide 5: Key Highlights
(Be) Equitas Equitas Small Finance Bank Key Highlights
Slide 6: Snapshot
Snapshot Operational Asset Offerings Liability Profile Financials Gross Advances: Total Deposits: PAT/Loss for Q1FY26: 18 States and UTs Rs. ^37,610 Cr [Rs. 34,871 Cr] Rs. 44,379 Cr [Rs. 37,524 Cr] Rs. -224Cr [Rs. 26Cr] SBL - 45%, VF - 25%, CASA – 29%, TD – 71% MFI - 9%, HF - 13% MSE - 5%, NBFC - 1%
Slide 7: First Quarter Profitability
First Quarter Profitability Note 1: Particulars (In Rs. Crs) Q1FY26 As per Asset As per Revised Nature Mar’25 PPOP 316 Classification IRAC Norms Norms Provision as per Mar’25 norms including reversal 282 Sub-standard Secured 15% 25% 27% PAT (Based on Mar’25 provision norms) 26 Unsecured 25% 87% 100%
Slide 8: DPD Trends
DPD Trends MICROFINANCE NON MFI BANK MF Loan Mix 1-90 DPD Non MF Loan Mix 1-90 DPD 1-90 DPD 12.00% 92% 9.48% 9.08% 17% 16% 8.45% 8.45% 8.94% 8.27% 7.94% 90% 7.44% 7.98% 7.92% 14% 10.00% 12% 9.63% 88% 8.00% 9.29% 9% 9% 6.00% 86% 91% 91% 84% 4.00% 88% 7.82% 8.05% 86% 82% 6.27% 7.09% 83% 84% 5.92% 2.00
Slide 9: Strategic Actions Taken
Strategic Actions Taken • Microfinance: • Restarted disbursements in Microfinance cautiously to balance the long term goal of reducing the contribution of Microfinance to total advances and the short term goal of improving collection efficiencies. • The number of clients allocated per staff being re
Slide 10: Strategic Actions Taken
Strategic Actions Taken Driving growth in Secured Loans • Added 50 branches so far this year, expanding our asset branch network to a total of 626. • Adding ~3400 frontline sales executives during the year, across Asset & Liability branches on top of the current budget of ~7580 sales executives, to
Slide 11: Outlook
Outlook • Microfinance stress for the bank is expected to normalise by Q4FY26 • Targeting mid teen growth in overall advances for the year • Expect to be profitable for the year Capital Management • Completed IBPC transaction of Rs 1250 crore which improved CAR by about 0.9% • CAR as at June ‘25 is
Slide 12: Key Highlights
Key Highlights Assets • Gross Advances growth remained muted at 8% YoY and flat QoQ as Microfinance loan book contracts • Non MFI book grew 18% YoY, led by 22% growth in SBL over previous year. Within SBL , MLAP witnessed strong growth of 51% YoY. • Used Car Advances crossed Rs. 2000 Crs, registerin
Slide 13: Key Highlights
Key Highlights Liabilities • Overall deposits grew by 18% YoY & 3% QoQ led by strong growth in Retail TD of 20% YoY. • About 95% of bulk TD is in the non-callable mode • CASA ratio stable at 29%; CA balances grew 92%# YoY • Total Retail Deposits (Retail TD+CASA) forms 73% of the overall deposits • C
Slide 14: Highlights
Highlights Asset Quality & Provisioning • GNPA improved by 7 bps QoQ to 2.82% in Q1FY26 as compared to 2.89% in Q4FY25; including securitization book, GNPA would stand at 2.75% • NNPA improved by 3 bps QoQ at 0.95% in Q1FY26 as compared to 0.98% in Q4FY25 Profit & Loss • Net Income and Total Opex in
Slide 15: Financial Performance – Quarterly Trends
Financial Performance – Quarterly Trends 14
Slide 16: Key Ratios
Key Ratios Daily Avg Cost of Funds Net Interest Margin (NIM) Cost to Assets RoA 7.46% 7.50% 7.49% 7.54% 7.49% 7.97% 7.69% 5.70% 5.74% 5.77% 5.68% 5.67% 7.39% 0.53% 0.32% 0.22% 0.11% 7.13% 6.55% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q
Slide 17: Income Evolution
Income Evolution Net Income Evolution (Rs. Cr) PPoP / Assets (%) 802 802 818 829 786 2.97% 2.94% 2.68% ^229 286 2.40% 2.36% 192 232 218 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 NII Other Income (Net) Other Income [Net] Contribution (%) Liability Fee Income (Rs .Cr) TPP I
Slide 18: Opex evolution
Opex evolution Rs. Cr Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Employee expenses 375 402 425 418 460 Other expenses (net of digital expenses) 243 245 253 279 258 Depreciation 36 34 39 39 39 Total Operating expenses 654 681 717 736 757 No. of employees 22,585 23,233 24,238 25,409 25,865 Cost to Income 70.6
Slide 19: Advances
Equitas Small Finance Bank Advances
Slide 20: Advances evolution
Advances evolution Rs Cr Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 YoY % Mix % July’25 Micro Finance & Micro Loans 5973 5636 5,370 4,527 3,537 -41% 9% 3,453 (MFI)* Small Business Loans (SBL) 13747 14678 15,564 16,383 16,767 22% 45% 16,906 Housing Finance 4342 4389 4,565 4,769 4,868 12% 13% 4,943 Vehicle Fi
Slide 21: Disbursements evolution
Disbursements evolution Rs Cr Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 YoY % July’25 Micro Finance & Micro Loans 1,035 949 1,145 355 266 -74% 216 Small Business Loans (SBL) 1,305 1,591 1,713 1,684 1,245 -5% 462 Housing Finance 317 383 366 417 311 -2% 149 Vehicle Finance 1,061 1,485 1,512 1,321 1,221 15% 4
Slide 22: Segmental Details
Segmental Details Number of Live ATS @ ATS @ Product Segment GNPA (%) PCR (%) Loans Disbursement (Lacs) Portfolio (Lacs) Micro Finance & Micro Loans 11,75,383 0.55 0.30 2.30% 100% Small Business Loans (SBL) 3,13,420 7.94 5.31 3.28% 38.88% Housing Finance 44,803 9.08 10.14 1.61% 46.76% Vehicle Financ
Slide 23: Asset Quality
(Be) Equitas Equitas Small Finance Bank Asset Quality
Slide 24: Asset Quality Trend
Asset Quality Trend GNPA Movement (Rs. Cr) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 July’25 Opening GNPA Balance (A) 821.28 889.04 1022.82 1071.87 1067.73 1035.99 Net Slippages (B) 204.72 288.92 283.85 295.31 452.77 133.93 - Net Slippages MFI Book 77.97 124.12 199.49 172.44 229.63 78.17 - Net Slippages No
Slide 25: Liabilities & Branch Banking
Liabilities & Branch Banking 24
Slide 26: Deposits Evolution
Deposits Evolution CA SA CASA TD CASA+TD as on 30th Jun 2025 [Customer Deposits] [Current Account] [Savings Account] [Low cost deposits] [Term Deposits] Balance (Cr) 2253 10,800 13,053 31,326 44,379 as a % of total borrowings (Rs. 46,401 Cr) 5% 23% 28% 68% 96% as a % of total deposits (Rs. 44,379 Cr
Slide 27: Customer Deposit Profile
Customer Deposit Profile Elite Book (Rs. Cr) Savings Slab Wise (%) Deposit Category 12% 7% Upto 1 Lac OTHERS 8% 16,375 16,516 17,241 17,809 7% 15,635 1 Lac to 1 Cr 1 Cr to 3 Cr 8% TRUSTS 2% 3 Cr to 10 Cr 11% 55% 10 Cr to 100 Cr 100 Cr + GOVT./LOCAL Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 BODIES 8% Retail
Slide 28: Funding Profile
Funding Profile Book Value (In Rs Cr) Q3FY25 Q4FY25 Q1FY26 Funding Profile Mix TD 26,888 27,969 28,629 3% 2% 3% Certificate of Deposits 2,182 2,727 2,697 CASA 1% 27% TD* Refinance 1,927 1,637 1,521 Refinance Tier – II Bond 500 500 500 Tier-II Bond CASA 11,668 12,410 13,053 Securitisation/Assignment
Slide 29: Treasury Update
Treasury Update The Bank’s total net Investment portfolio of Rs. 9,063 Crore comprises of SLR and Non-SLR securities Category ( In Rs. Cr) Q1FY26 SLR 8,125 Non SLR 938 Total 9,063 Borrowings & Liquidity • The Bank’s Certificate of Deposits (CD) programme has highest rating at A1+ from India Ratings,
Slide 30: Financials
(Be) Equitas Equitas Small Finance Bank Financials
Slide 31: Balance Sheet
Balance Sheet Particulars (in Rs Cr) Jun-25 Jun-24 YoY % Mar-25 QoQ% Capital & Liabilities Capital 1,140 1,136 0% 1,140 0% Reserves & Surplus 4,709 4,872 -3% 4,933 -5% Networth 5,849 6,008 -3% 6,073 -4% Deposits 44,379 37,524 18% 43,107 3% Borrowings 2,021 1,403 44% 2,137 -5% Other Liabilities & Pro
Slide 32: Profit & Loss Account
Profit & Loss Account Particulars (in Rs Cr) Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Interest Income from Loans 1,434 1,325 8% 1,448 -1% Income on Investments 161 154 5% 159 1% Interest on balances with RBI and other inter bank funds 54 22 143% 37 46% Total Interest Income 1,649 1,501 10% 1,644 0% Finance Co
Slide 33: Profit & Loss Account
Profit & Loss Account Particulars (in Rs Cr) Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Net Income 1,071 994 8% 1,048 2% Employee Cost 460 375 23% 418 10% Opex 297 279 6% 318 -7% Total Operating Expenditure 757 654 16% 736 3% PBT before provision & Write-off 315 340 -7% 311 1% Credit Cost 612 304 101% 258 137%
Slide 34: GNPA Movement
GNPA Movement 1,25 0 2.95% 2.97% 2.89% 2.82% 3.5 0% 2.67% 3.0 0% 1,05 0 2.5 0% 850 2.0 0% 0.97% 0.96% 0.98% 0.95% 1.5 0% 650 0.81% 1.0 0% 450 0.5 0% 0.0 0% 250 889 264 1,023 330 1,072 340 1,068 354 1,036 342 -0.50% 50 -1.00% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 GNPA (Rs. Cr) NNPA (Rs. Cr) GNPA % NNPA
Slide 35: Key Ratios - Annual
Key Ratios - Annual Cost of Funds Net Interest Margin (NIM) Cost to Assets RoA 8.06% 9.11% 9.00% 8.44% 8.54% 8.36% 6.75% 7.34% 7.26% 7.50% 6.34% 6.05% 2.00% 6.58% 6.38% 7.51% 5.52% 6.00% 5.71% 1.70% 1.89% 1.39% 1.10% 0.30% FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY
Slide 36: Strategic Initiatives
Strategic Initiatives Loan Origination CRM Super App Theme: Consolidation Theme: Upgrade & Beyond Theme: Personalisation Consolidation of various product specific Super App for customers built on a state of the origination systems into a state of the art, Enterprise CRM application to drive lead to
Slide 37: Delivering on Liability 2.0 Strategy
Delivering on Liability 2.0 Strategy Personal Loan Liability 2.0 Strategy * aims to create a competitive edge by: a) reducing the cost of mobilizing deposits through efficiency and b) narrowing the cost of funds compared to large universal banks LAP Credit and lower than AAA NBFCs. Card Investments
Slide 38: Other Updates
(Be) Equitas Equitas Small Finance Bank Other Updates
Slide 39: Equitas Selfe Loans
Equitas Selfe Loans Selfe Loans - One App, Many Loans… The go to App targeted at tiny entrepreneurs across cities and towns for loan enquiries. Built with the latest technology architecture to support scale and agile development. ~₹ 437 Crs* of Loans Disbursed *60 Lakh+ Registrations *1 Lakh+ Downlo
Slide 40: Loan Origination Customized for Informal Lending
Loan Origination Customized for Informal Lending WORKFLOW Lead LOGIN Channeling from Selfe • Customer onboarding via E-KYC Capability to App / Direct host 2500 Independence • Bureau score Generation concurrent between • Customer 360O & Loan 360O users; Scope Credit & Sales • RE/RC Checks to increase
Slide 41: Equitas Mobile Banking App 2.0
Equitas Mobile Banking App 2.0 Next Generation Cloud Native, future ready platform with: Completely New User Interface, Hassle free Experience, Built with enhanced security, and many more… • New UPI Platform • BBPS • Face Recognition Integrations • App Protect • User Experior • ASBA IPO 40
Slide 42: Insta banking Services – Tech Led CX
Insta banking Services – Tech Led CX Insta Banking aims to eliminate the use of paper based requests by customers by leveraging micro service based technology, biometrics, etc. Over 40 service journeys envisaged Leveraging Aadhar biometric for authentication Insta Banking Tab/own device based servic
Slide 43: Building the Equitas Brand
Building the Equitas Brand
Slide 44: A Stable, Sustainable & Scalable Bank
Our Philosophy: A Stable, Sustainable Customer Pride of Performan & Scalable Bank First ce Core Fair and Our Mission: To create the most Values Transparent valuable bank for all stakeholders through Respect Ownership happy employees for People
Slide 45: Our Presence
Our Presence Map not to scale . Districts present in | Branch network States Advances (%) Deposits (%) Andhra Pradesh 5% 3% Chandigarh - 2% Chhattisgarh 1% 2% 27 Punjab Himachal Pradesh 3 1 Chandigarh Uttarakhand 2 Delhi 2% 8% 30 Haryana Gujarat 5% 6% Delhi 17 Haryana 2% 4% 79 Rajasthan Himachal Pra
Slide 46: Product Suite - Assets
Product Suite - Assets MicroFinance & Micro Loans Small Business Loans (SBL) • Addressing the unbanked and underserved market • Small Business Loans (SBL) is the Bank’s flagship segments with fair and transparent lending product, representing 43% of our entire advance practices. portfolio • Focusing
Slide 47: Product Suite - Assets (contd.)
Contd… Housing Finance Vehicle Finance • Loans are specifically designed to cater to • Portfolio comprises of tailor-made loans individuals aiming to purchase their first affordable empowering skilled drivers to become vehicle housing property owners and business operators, thereby elevating their s
Slide 48: Product Suite - Assets (contd.)
Contd… MSE Finance NBFC • Focusing on the organised segment of the • The Bank offers Term Loans to Non-Banking economy by providing working capital loans Financial Companies (NBFCs), enabling them to (CCOD) and term loans for capex. offer retail customers services such as microfinance, vehicle finan
Slide 49: Product Suite - Liabilities
Product Suite - Liabilities The Bank through its liability products serves a wide range of mass and mass affluent clientele via physical and digital channels… Physical Channels Current / Mutual Funds Savings A/C • Banking Outlets • ATMs Term Deposits Insurance Digital Channels (FD/RD) Pool of • Mobi
Slide 50: Beyond Banking
(Be) Equitas Equitas Small Finance Bank Beyond Banking
Slide 51: CSR Initiatives
CSR Initiatives SKILL TRAINING Women Trained: Inception Year - 2008 Q1FY26 - 6959 CHILDREN SCHOLARSHIP FREE CATARACT SURGERIES Cumulative - 712547 Beneficiaries:- Beneficiaries:- Q1FY26 – Nil Q1FY26 – 1520 Cumulative - 2729 Cumulative - 42837 DIFFERENTLY ABLED WOMEN EMPOWERMENT Financial help: Exhib
Slide 52: Investor Relations
Investor Relations Equitas Small Finance Bank Limited Website – https://ir.equitasbank.com/ Email – ir@equitasbank.com 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu 51
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