External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

Equitas Small Finance Bank / Equity Bottom-Up

<ul>
<li>Disbursements grew by 29/4% YoY/QoQ, translating into healthy advances growth of 37/5% YoY/QoQ.</li>
<li>Advances growth was led by strong growth in the MFI (+42/4% YoY/QoQ), Vehicle Finance book (+38/6% YoY/QoQ) – led by used cars and new CVs, Small Business Loans (+32/7% YoY/QoQ) and Housing Loans (+69/12% YoY).</li>
<li>Deposits growth was robust at 42/11% YoY/QoQ, primarily led by growth in TDs (+82/20% YoY/QoQ).</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Disbursements grew by 29/4% YoY/QoQ, translating into healthy advances growth of 37/5% YoY/QoQ.
Advances growth was led by strong growth in the MFI (+42/4% YoY/QoQ), Vehicle Finance book (+38/6% YoY/QoQ) – led by used cars and new CVs, Small Business Loans (+32/7% YoY/QoQ) and Housing Loans (+69/12% YoY).
Deposits growth was robust at 42/11% YoY/QoQ, primarily led by growth in TDs (+82/20% YoY/QoQ).

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equitas Small Finance Bank Ltd. - RoA of ~2% Deliverable with Improved Outlook on Margins!

<ul><li>Equitas SFB (EQSFB) is a leading diversified SFB that offers a wide-ranging suite of products, primarily catering to low and middle-income individuals as well as businesses that have limited or no access to formal banking and finance channels.</li><li>The bank operates through a network of 927 branches, with a majority of the branches in Tamil Nadu (TN).</li><li>Business growth expected to remain buoyant: In Q1FY24, EQSFB reported a robust and broad-based advances growth of 36/6% YoY/QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equitas SFB (EQSFB) is a leading diversified SFB that offers a wide-ranging suite of products, primarily catering to low and middle-income individuals as well as businesses that have limited or no access to formal banking and finance channels.The bank operates through a network of 927 branches, with a majority of the branches in Tamil Nadu (TN).Business growth expected to remain buoyant: In Q1FY24, EQSFB reported a robust and broad-based advances growth of 36/6% YoY/QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Equitas Small Finance Bank Ltd. - 11 SEP 2023

<ul><li>Disbursements grew by 47% YoY but de-grew by 20% QoQ (seasonal weakness).</li><li>Advances growth was robust at 36/6% YoY/QoQ and was broad-based.</li><li>Key focus segments such as MFI/SBL/Home Loans grew by 40/31/76% YoY and 8/7/12% QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disbursements grew by 47% YoY but de-grew by 20% QoQ (seasonal weakness).Advances growth was robust at 36/6% YoY/QoQ and was broad-based.Key focus segments such as MFI/SBL/Home Loans grew by 40/31/76% YoY and 8/7/12% QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equitas Small Finance Bank Ltd. - Eyeing RoA of 2% Despite Margin Pressures!

<ul><li>EQSFB reported a strong operational performance registering a robust advances growth of 36/13% YoY/QoQ, driven by strong disbursement growth of 81/23% YoY/QoQ.</li><li>Advances growth was driven by healthy growth in key focus segments of MFI/Vehicle Finance/SBL/Housing which grew by 34/38/28/75% YoY.</li><li>Thus, driven by healthy advances growth and stable NIMs (~9.1%, flat YoY, +10bps QoQ), EQSFB’s NII grew by 28/9% YoY/QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EQSFB reported a strong operational performance registering a robust advances growth of 36/13% YoY/QoQ, driven by strong disbursement growth of 81/23% YoY/QoQ.Advances growth was driven by healthy growth in key focus segments of MFI/Vehicle Finance/SBL/Housing which grew by 34/38/28/75% YoY.Thus, driven by healthy advances growth and stable NIMs (~9.1%, flat YoY, +10bps QoQ), EQSFB’s NII grew by 28/9% YoY/QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equitas Small Finance Bank Ltd - Robust Quarter

<ul><li>In Q4FY23, EQSFB reported a robust advances growth of 36/13% YoY/QoQ, which stood ahead of the management’s guidance of 25-30%.</li><li>We expect the bank to sustain this growth momentum and clock an excellent credit growth of ~27% CAGR over FY23-25E.</li><li>The said growth will be primarily led by the Housing, SBL, Vehicle Finance and Used Cars segment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q4FY23, EQSFB reported a robust advances growth of 36/13% YoY/QoQ, which stood ahead of the management’s guidance of 25-30%.We expect the bank to sustain this growth momentum and clock an excellent credit growth of ~27% CAGR over FY23-25E.The said growth will be primarily led by the Housing, SBL, Vehicle Finance and Used Cars segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Equitas Small Finance Bank Ltd.

India

Equitas Small Finance Bank Ltd. is a Chennai-based banking institution that evolved from a microfinance company into a full-service small finance bank. It focuses on serving individuals and small businesses often underserved by traditional banking channels, offering products like microfinance, small business loans, vehicle finance, and housing finance. The bank was founded in 2007, and its banking operations commenced in 2016.

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Equitas Small Finance Bank (EQUITASB IN)

Equitas Small Finance Bank Ltd. - RoA of ~2% Deliverable with Improved Outlook on Margins!

Disbursements grew by 29/4% YoY/QoQ, translating into healthy advances growth of 37/5% YoY/QoQ. Advances growth was led by strong growth in the MFI...

Axis Direct

Pick of the Week - Equitas Small Finance Bank Ltd. - 11 SEP 2023

Business growth expected to remain buoyant: In Q1FY24, EQSFB reported a robust and broad-based advances growth of 36/6% YoY/QoQ.

Axis Direct

Equitas Small Finance Bank Ltd. - Eyeing RoA of 2% Despite Margin Pressures!

Disbursements grew by 47% YoY but de-grew by 20% QoQ (seasonal weakness). Advances growth was robust at 36/6% YoY/QoQ and was broad-based.

Axis Direct

Equitas Small Finance Bank Ltd - Robust Quarter

EQSFB reported a strong operational performance registering a robust advances growth of 36/13% YoY/QoQ, driven by strong disbursement growth of 81...

Axis Direct

Pick of the Week - Equitas Small Finance Bank Ltd.

In Q4FY23, EQSFB reported a robust advances growth of 36/13% YoY/QoQ, which stood ahead of the management’s guidance of 25-30%.

Axis Direct

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