ESAF Small Finance Bank Ltd saw its shares drop 5% after reporting a net loss of ₹210.9 crore for Q3 FY25, compared to a net profit of ₹112.1 crore in the same quarter last year.
The bank’s Net Interest Income (NII) declined 18% coming at ₹487 crore against ₹597 crore in the corresponding quarter of FY24.
Asset quality remained stable, with the Gross Non-Performing Asset (GNPA) ratio at 6.96%, a marginal improvement from 6.98% in the previous quarter. Net NPA stood at 2.97%, slightly better than 2.98% in Q2 FY25.
A key concern for investors was the sharp rise in provisions, which surged to ₹409.77 crore in Q3, up from ₹339.69 crore in Q2 and significantly higher than ₹137.84 crore in the same period last year.
ESAF Small Finance Bank’s shares opened at ₹33.56, reaching a high of ₹33.90 and a low of ₹32.82. The stock is currently at its 52-week low of ₹32.82, with a 52-week high of ₹68.95.
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