India's Equitas Small Finance Bank down for second session post earnings

Equitas Small Finance Bank

02/05/2025 09:35

** India's Equitas Small Finance Bank EQUI.NS falls 6% to 62.70 rupees; on course for worst daily pct drop since October 2023

** EQUI down for second consecutive session as Q4 profit drops 80% y/y on surge in credit costs

** Emkay Global Financial Services calls results "dismal", cuts FY2026 and FY2027 earnings estimates by ~10%

** "Weakness in microfinance has dragged earnings in FY2025, but FY2026 is likely to be a better year," says Kotak Institutional Equities

** Analysts avg rating on stock "buy"; media PT 77 rupees, as per LSEG data

** YTD, EQUI down 2.1%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))