ESAF Small Finance Bank posts record Q2 FY27 profit of ₹160 Crore, up 289% YoY
ESAF Small Finance Bank reported a record Q2 FY27 PAT of ₹160 Crore, up 289% YoY. Gross Advances grew 25% to ₹23,934 Crore, and deposits rose 24% to ₹28,466 Crore. NNPA improved to 0.3%. NIM stood at 8.2%. The bank's credit rating outlook was revised by CARE Ratings.
The announcement details strong financial performance with record profits and significant growth metrics, alongside improvements in asset quality and credit ratings. This indicates a substantial positive impact on the company's financial health and market perception.
The bank has reported record profits, significant year-on-year growth in advances and deposits, and substantial improvements in asset quality and net interest margins. Positive credit rating revisions also contribute to the positive sentiment.
ESAF Small Finance Bank has announced its financial results for the quarter and half-year ended September 30, 2026. The bank reported a record quarterly Profit After Tax (PAT) of ₹160 Crore, more than doubling sequentially and marking a significant increase of 289% year-on-year. This achievement is attributed to strong business growth and improved asset quality, driven by the successful execution of its strategic transformation.
The bank's Gross Advances grew by 25% year-on-year to ₹23,934 Crore, with secured advances now constituting 64% of the portfolio, rising 32% year-on-year. The gold portfolio surpassed ₹10,000 Crore, reaching ₹10,456 Crore, a 39% increase year-on-year. Deposits grew by 24% year-on-year to ₹28,466 Crore, while the CASA ratio remained stable at 23.3%.
Asset quality saw substantial improvement, with Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) improving to 2.8% and 0.3% respectively, from 8.5% and 3.8% in the previous year. The provision coverage ratio increased to 94.0%. The bank also reported a Net Interest Margin (NIM) of 8.2% and a Pre-Provision Operating Profit (PPOP) of ₹362 Crore.
Dr. K. Paul Thomas, Managing Director & CEO, highlighted the bank's transformation journey and the successful implementation of its technology program, ESAF 2.0 – StratoNeXt. He reiterated the focus on strengthening the core MARG portfolio, deepening financial inclusion, and advancing a phygital strategy to deliver superior customer experiences and sustainable, profitable growth.
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ESAF Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by ESAF Small Finance Bank Limited. Read the original for the full detail.