ESAF SFB Q3 Results | Thissur bank in the red, NII drops 18%, provisions surge

Thrissur-based private lender ESAF Small Finance Bank Ltd on Monday (February 10) reported a net loss of ₹210.9 crore for the third quarter that ended December 31, 2024. The bank had posted a net profit of ₹112.1 crore in the same quarter a year ago.

Net interest income (NII) dropped 18%, coming at ₹487 crore against ₹597 crore in the corresponding quarter of FY24.

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The gross non-performing asset (GNPA) stood at 6.96% in the December quarter against 6.98% in the September quarter. Net NPA came at 2.97% against 2.98% quarter-on-quarter.The bank’s provisions rose to ₹409.77 crore in Q3 FY25, up from ₹339.69 crore in the previous quarter and higher than ₹137.84 crore in the same period last year.

The results came after the close of the market hours. Shares of ESAF Small Finance Bank Ltd ended at ₹35.25, down by ₹1.03, or 2.84%, on the BSE.

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