India's Equitas jumps on Q4 profit surge

Equitas Small Finance Bank

04/05/2026 05:26

** Shares of Equitas Small Finance Bank EQUI.NS surge 7.9% to 72.14 rupees

** Lender reports five-fold jump in Q4 net profit on lower credit costs with an improved asset quality

** Percentage of gross non-performing loans improved to 2.60% from 2.75% prev qtr; provisions down 52% Y/Y

** Emkay Global upgrades EQUI to "add" from "reduce" with PT of 75 rupees factoring in co's sharp and sustained turnaround

** After reporting a massive loss in Q1 FY26, EQUI has made a strong comeback with sustained credit growth acceleration to 18% YoY, sharp margin expansion and reduced credit costs as MFI stress is largely behind - Emkay

** BOBCaps expects EQUI's loans to grow at 20% CAGR over FY26-29 with return ratios improving on healthy growth, lower credit costs

** YTD, stock up 14.5%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))