Equitas Small Finance Bank Ltd. · NSE:EQUITASBNK
Equitas Small Finance Bank — Q1 FY27 Earnings Presentation
48 slides from Equitas Small Finance Bank's earnings presentation, Jul 28, 2026
Slide 1: Submission of Investors presentation to exchanges
July 28, 2026 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 Reg
Slide 2: Investor Presentation Q1FY27
Pou Quibas Equitas Small Finance Bank Investor Presentation Q1FY27 FROM RESILIENCE TO MOMENTUM
Slide 3: Disclaimer and forward looking statements
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 representation or warranty,
Slide 4: Agenda
1 Key Highlights 2 Financial Performance 3 Assets 4 Asset Quality 5 Liabilities 6 Financials 7 Other Updates 8 Beyond Banking
Slide 5: Key Highlights
equibas Equitas Small Fin. KEY HIGHLIGHTS
Slide 6: Key highlights Q1FY27
Operational Asset Offerings Liability Profile Financials Gross Advances: Rs. ^47,641 Cr [Rs. 37,610 Cr] Total Deposits: PAT for Q1FY27: 16 States and 2 UTs SBL - 40%, VF - 23%, Rs. 48,976 Cr [Rs. 44,345 Cr] Rs. 184 Cr [Rs. -224 Cr] MFI - 13%, HF - 13% CASA – 25%, TD – 75% MSE - 5%, NBFC - 4% Disburs
Slide 7: Overall yield and MFI mix
23.94% 23.08% 23.21% 22.48% 22.43% 22.60% 16.33% 16.06% 15.73% 15.44% 15.51% 15.74% 15.31% 15.28% 15.06% 14.97% 14.85% 14.89% 13.1% 10.7% 9.0% 8.7% 9.5% 10.5% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 MFI Mix on Avg Basis Overall Yield MFI Yield Non MFI Yield Particulars Q1FY26 Q2FY26 Q3FY26 Q4FY26
Slide 8: NIM on daily average basis
NIM (on Daily Average Basis) 7.36% 7.24% • Effective Q1FY27, NIM is represented based on daily average interest-earning assets, replacing the earlier methodology based on the average of 6.75% opening and closing interest-earning assets for the quarter. Prior-period NIMs have been restated for compar
Slide 9: FY27 guidance and outlook
1 2 MFI advances are 20%+ growth in overall expected to be maintained at advances for FY27, driven by around 10% of the overall growth Across products advances. With these positive levers in place, we expect to achieve an exit ROA of about 1.5% in Q4FY27. For full year FY27, we expect ROA of ~1.2% Q
Slide 10: DuPont analysis of RoA
Particulars Q4FY26 Q1FY27 Variance Interest Income 12.62% 12.56% -0.06% • ROA moderated sequentially, primarily driven by a marginal Interest Expense 5.88% 5.96% 0.08% decline in NII and a slight increase in credit costs, reflecting typical Q1 NII 6.74% 6.60% -0.14% seasonality. Other Income 1.78% 1
Slide 11: Assets
Assets • Overall Disbursements at Rs. 6,784 Crore in Q1FY27, a growth of 93% YoY & a decline of 8% QoQ • Non MFI Disbursements at Rs. 5,441 Crore in Q1FY27, a growth of 68% YoY & a decline of 7% QoQ • Gross advances grew by 27% YoY & 3% QoQ supported by robust disbursements across verticals. Excludi
Slide 12: Liabilities
Liabilities • Overall deposits grew by 10% YoY & 5% QoQ. • Cost of Funds increased by 11 bps to 7.05% during the quarter due to upward revisions in interest rates in SA and TD • CASA ratio stands at 25%. • Total Retail Deposits (Retail TD+CASA) forms 66% of the overall deposits. About 91% of bulk TD
Slide 13: Asset quality, provisioning and P&L
Asset Quality & Provisioning • GNPA reduced by 13 bps QoQ at 2.36% in Q1FY27 as compared to 2.49% in Q4FY26; including securitization book, GNPA would stand at 2.31% • NNPA increased by 2 bps QoQ to 0.70% in Q1FY27 as compared to 0.68% in Q4FY26 • PCR remains stable at 71.02% (86.96% Incl. technical
Slide 14: Financial Performance
equibas Equitas Small Fin. FINANCIAL PERFORMANCE
Slide 15: Cost of funds, NIM, credit cost, RoA, RoE
Daily Avg Cost of Funds Daily Average NIM Cost to Assets RoA 7.49% 7.35% 7.36% 7.13% 7.24% 5.96% 5.75% 6.94% 7.05% 5.67% 5.54% 5.61% 1.46% 1.18% 6.75% 0.65% 0.18% 6.37% 6.34% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26
Slide 16: Net income evolution and fee income
Net Income Evolution (Rs. Crore) PPoP / Assets (%) 980 1,030 852 786 774 2.77% 2.59% 2.36% 2.21% ^ 1.76% 286 285 259 250 224 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 NII Other Income (Net) Other Income [Net] Contribution (%) Liability Fee Income (Rs. Crore) TPP Income Ge
Slide 17: Cost to Income
Rs. Crore Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Employee expenses 460 474 516 514 549 Other expenses (net of digital expenses) 258 244 270 277 282 Depreciation 39 39 43 46 44 Total Operating expenses 757 757 829 837 875 No. of employees 25,865 27,145 28,451 28,058 27,720 Cost to Income 75.89% 72.96% 70
Slide 18: Assets
equic: = Equitas Small Finance Bank ASSETS (GOLD LoaN
Slide 19: Gross advances by product
Rs Crore Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 YoY % Mix % Micro Finance & Micro Loans 3,537 3,392 ^5,159 ^5,756 ^6,018 70% 13% Small Business Loans (SBL) 16,767 17,188 17,756 18,559 19,249 15% 40% Housing Finance 4,868 5,066 5,360 5,782 6,044 24% 13% Vehicle Finance 9,510 9,801 10,118 10,627 10,947 15
Slide 20: Disbursements by product
Rs Crore Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 YoY % Micro Finance & Micro Loans 266 682 1,173 1,512 1,343 405% Small Business Loans (SBL) 1,245 1,636 1,698 2,032 1,883 51% Housing Finance 311 474 556 697 550 77% Vehicle Finance 1,221 1,506 1,569 1,779 1,583 30% - Used CV 815 1,072 1,071 1,226 1,018 25
Slide 21: Product segment metrics and mix
Number of Live ATS @ ATS @ Product Segment GNPA (%) PCR (%) Loans Disbursement (Lacs) Portfolio (Lacs) Micro Finance & Micro Loans$ 11,04,287 0.74 0.47 3.44% 96.00% Small Business Loans (SBL) 3,11,673 13.18 6.15 3.02% 40.29% Housing Finance 52,635 11.70 10.10 1.10% 36.99% Vehicle Finance 3,01,029 6.
Slide 22: Asset Quality
equibas Equitas Small Fin. ASSET QUALITY
Slide 23: Microfinance GNPA movement
MICROFINANCE GNPA Movement (Rs. Crore) Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 MF Loan Mix 1-90 DPD 12% 12% 13% Opening GNPA Balance (A) 1067.73 1035.99 1081.87 1116.09 1134.89 9% 9% Net Slippages (B) 452.77 355.19 246.54 85.11 165.16 8.05% 2.14% 1.10% 5.40% 1.34% - Net Slippages MFI Book 229.63 178.11 1
Slide 24: PCR movement
PCR MOVEMENT Asset Provisioning Provisioning Nature Classification as per IRAC as per Equitas 73.03% 71.02% Sub-standard Secured 15% 28% 67.03% 66.93%* 67.10% Unsecured 25% 96% 185 Doubtful-1 Secured 25% 79% Unsecured 100% 100% Doubtful-2 Secured 40% 100% Unsecured 100% 100% 145 Doubtful – 3 Secured
Slide 25: Liabilities
equibas Equitas Small Finance Bank LIABILITIES
Slide 26: Customer deposit evolution
CA CASA ^TD CASA+TD SA as on 30th Jun 2026 [Customer Deposits] [Current Account] [Savings Account] [Low cost deposits] [Term Deposits] Balance (Rs. Crore) 1304 11,003 12,307 36,669 48,976 as a % of total borrowings (Rs. 55,698 Crore) 2% 20% 22% 66% 88% as a % of total deposits (Rs. 48,976 Crore) 3%
Slide 27: Elite book and deposit slab mix
Elite Book (Rs. Crore) Savings Slab Wise (%) Deposit Category 8% OTHERS 9% 18,475 20% Upto 1 Lac 17,809 17,925 17,220 17,518 1 Lac to 1 Cr 7% 1 Cr to 3 Cr 3 Cr to 10 Cr TRUSTS 2% 7% 48% 10 Cr to 100 Cr 10% 100 Cr + GOVT./LOCAL Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 BODIES 11% Retail & Bulk ^TD Mix Term
Slide 28: Funding profile and cost of funds
Book Value (In Rs Crore) Q3FY26 Q4FY26 Q1FY27 Funding Profile Mix TD 28,098 32,046 33,670 2% 2% CASA 10% Certificate of Deposits 2,684 2,289 2,999 2% TD* 21% Refinance 3,299 4,773 5,722 Refinance Tier – II Bond 1,000 1,000 1,000 Tier-II Bond CASA 12,886 12,198 12,307 Securitization/Assignment 673 58
Slide 29: Investment portfolio, borrowings and liquidity
The Bank’s total net Investment portfolio of Rs. 9,870 Crore comprises of SLR and Non-SLR securities Category ( In Rs. Crore) Q1FY27 SLR 9,357 Non SLR 513 Total 9,870 Borrowings & Liquidity • The Bank’s Certificate of Deposits (CD) programme has highest rating at A1+ from India Ratings, CareEdge Rat
Slide 30: Financials
equibas Equitas Small Fin. FINANCIALS
Slide 31: Balance sheet
Particulars (in Rs Crore) Jun-26 Jun-25 YoY % Mar-26 QoQ% Capital & Liabilities Capital 1,144 1,140 0% 1,141 0% Reserves & Surplus 5,223 4,709 11% 4,984 5% Networth 6,367 5,849 9% 6,125 4% Deposits 48,976 44,345 10% 46,533 5% Borrowings 6,722 2,021 233% 5,773 16% Other Liabilities & Provision 2,218
Slide 32: Income statement: interest and other income
Particulars (in Rs Crore) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% Interest Income from Loans 1,755 1,434 22% 1,632 8% Income on Investments 175 161 9% 168 5% Interest on balances with RBI and other inter bank funds 30 54 -44% 37 -18% Total Interest Income 1,960 1,649 19% 1,836 7% Finance Cost Interest on dep
Slide 33: Net income to PAT
Particulars (in Rs Crore) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% Net Income 1,280 1,071 19% 1,239 3% Employee Cost 549 460 19% 514 7% Opex 326 297 10% 323 1% Total Operating Expenditure 875 757 16% 837 5% PBT before provision & Write-off 405 314 29% 402 1% Credit Cost 161 612 -74% 124 29% PBT 244 -298 - 278
Slide 34: GNPA movement
2.82% 2.82% 1,25 0 3.5 0% 2.62% 2.49% 2.36% 3.0 0% 1,05 0 2.5 0% 850 2.0 0% 0.95% 0.95% 0.88% 0.68% 1.5 0% 650 0.70% 1.0 0% 450 0.5 0% 0.0 0% 250 1,036 342 1,082 358 1,116 367 1,135 306 1,100 319 -0.50% 50 -1.00% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 GNPA (Rs. Cr) NNPA (Rs. Cr) GNPA % NNPA % GNPA Movem
Slide 35: Technology & Digital Strategy
equibas Equitas Small TECHNOLOGY & DIGITAL STRATEGY
Slide 36: Technology and digital strategy pillars
Drives stronger customer loyalty and retention by providing superior ENHANCE CUSTOMER EXPERIENCE personalized banking experience enabling seamless self-service journeys DELIVERING MARKET-LEADING DIGITAL PLATFORMS Completely integrated digital apps with very high digital quotients across customer on-
Slide 37: AI use cases
Branch-Induced Payments: Agent validates payment instructions, detects anomalies, suggests routing, prepares maker- checker evidence and updates payment status. Cheque Clearing: Automated end-to-end process with OCR/ICR extraction, field validation, signature-anomaly detection, rule- based decisions
Slide 38: Other Updates
OTHER UPDATES a ee
Slide 39: Equitas journey timeline
2007 2011 2013 Launched Launched Launched Microfinance Vehicle Finance Small Business Loans 2020 2018 2016 Completed the Launched Commenced operations IPO & Successful MSE Finance as SFB post receipt of listing of Equitas SFB final approval from RBI 2021 2025 2026 Launched Affordable Launched Launch
Slide 40: State-wise advances, deposits and branch network
Map not to scale Districts present in | Branch network States Advances (%) Deposits (%) Andhra Pradesh 4.08% 1.94% Chandigarh 0.01% 2.53% 29 Punjab Himachal Pradesh 3 Chhattisgarh 0.81% 1.39% 1 Chandigarh Uttarakhand 2 Delhi 1.07% 8.71% 30 Haryana Delhi 20 Gujarat 4.31% 5.32% 80 Rajasthan Uttar Prad
Slide 41: Asset product offerings
Small Business Loans Vehicle Finance Housing Finance Microfinance ● Small business & Salaried ● Self employed for CVs ● Self employed & Salaried ● Women self help group ● Gross Advances: 19,249 Crs ● Self employed & Salaried for ● Gross Advances : 6,044 (JLG);Proportion of JLG: 99% ● Avg. Yield: 15-
Slide 42: Liability products and channels
The Bank through its liability products serves a wide range of mass and mass affluent clientele via physical and digital channels… Current / Mutual Physical Channels Savings A/C Funds ● Banking Outlets ● Relationship Managers ● Acquisition Channel ● ATMs Term Deposit Insurance (FD/RD) Digital Channe
Slide 43: Elite, Elite Lite and ARTHA family banking
Equitas has expanded its ELITE program into Elite Lite, Elite, and ARTHA to strengthen family banking. ● Exclusive propositions for HNI families ● Enables multi-member, multi-product relationships ELITE ARTHA is Equitas Equitas’ exclusive family premium family banking banking program offering propos
Slide 44: Digital banking app features
Selfe SA/FD: Fully digital NTB onboarding for Savings Accounts and Fixed Deposits Get in Touch: Direct in-app connectivity with assigned Relationship Managers Next Generation Cloud Native, future ready platform with: Bharat Connect: Easy bill payments across verticals including auto pay setup Comple
Slide 45: 3C x ESG Framework
At Equitas, 3C x ESG Framework that translates our Environmental, Social, and Governance (ESG) priorities into tangible actions across three key constituencies: DEVELOPMENT COMMUNITY Customers, Community, and Company Independent Board Directors INCLUSION OPERATIONS We conducted a structured material
Slide 46: Beyond Banking
BEYOND BANKING a ee
Slide 47: Social initiatives and beneficiaries
CHILDREN PAVEMENT DWELLERS WOMEN SCHOLARSHIP REHABILITATION EMPOWERMENT Beneficiaries:- Beneficiaries: Exhibitions Conducted: Q1FY27 – NIL Q1FY27 – 30 Q1FY27 - 9 Cumulative - 2952 Cumulative - 6547 Cumulative - 355 FREE CATARACT DIFFERENTLY ABLED SKILL TRAINING SURGERIES Financial help: Women Traine
Slide 48: Investor Relations
Investor Relations Equitas Small Finance Bank Limited 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu Website - https://ir.equitas.bank.in/ Email - ir@equitas.bank.in
Equitas Small Finance Bank — Q1 FY27 Earnings Presentation on 6ix