The bank’s total income stood at Rs 1,022.28 crore in Q2 FY24, registering a growth of 35.72% YoY.
Profit before provisions and contingencies jumped 37.39% to Rs 289.65 crore in Q2 FY24 as compared with Rs 210.83 crore in Q2 FY23.
Gross NPA stood at Rs 399.12 crore in Q2 FY24, implementing a decline of 58.50% YoY. Net NPA was at Rs 177.67 crore in Q2 FY24, down 64.02% YoY.
Net NPA to Net advances stood at 1.19% in Q2 FY24 as against 4.34% in Q2 FY23.
Capital Adequacy Ratio (CRAR) improved to 20.57% in Q2 FY24 as compared with 21.18% in Q2 FY23.
The bank’s segment revenue from retail business stood at Rs 897.5 crore, (up 41.16% YoY), wholesale business was at Rs 20.71 crore, (up 46.49% YoY), while treasury stood at Rs 88.09 crore, (down 4.12% YoY).
Shares of ESAF Small Finance Bank debuted on the bourses on 10 November 2023. The scrip was listed at Rs 71.90, representing an 19.83% premium to the issue price of Rs 60.
ESAF Small Finance Bank primarily focus on expanding the banking horizon to new unbanked and underbanked area, yet bank stand with for all with presence in urban, semi urban, rural and rural unbanked areas.
The scrip declined 0.75% and settle to Rs 68.86 on Friday 17 November 2023.
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