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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Equitas Small Finance Bank / Equity Bottom-Up

<ul><li>Disbursements de-grew by 4/1% YoY/QoQ, with slower disbursements across most segments. Advances growth was healthy at 32/5% YoY/QoQ.</li><li>Advances growth was led by strong growth in the MFI (+32/3% YoY/QoQ), Vehicle Finance book (+30/4% YoY/QoQ), Small Business Loans (+32/6% YoY/QoQ) and Housing Loans (+58/8% YoY).</li><li>Deposits growth was robust at 38/5% YoY/QoQ, primarily led by growth in TDs (+73/6% 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.

Disbursements de-grew by 4/1% YoY/QoQ, with slower disbursements across most segments. Advances growth was healthy at 32/5% YoY/QoQ.Advances growth was led by strong growth in the MFI (+32/3% YoY/QoQ), Vehicle Finance book (+30/4% YoY/QoQ), Small Business Loans (+32/6% YoY/QoQ) and Housing Loans (+58/8% YoY).Deposits growth was robust at 38/5% YoY/QoQ, primarily led by growth in TDs (+73/6% 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.

Result Update - Equitas Small Finance Bank Ltd

<ul><li>The bank has continued to deliver a strong performance both on the advances and deposit growth in H1FY24.</li><li>In the provisional update released by the bank for Q3FY24, advances growth was robust at 32/5% YoY/QoQ, while deposit growth was steady at 39/5% YoY/QoQ.</li><li>Equitas continues to see healthy demand across products and is eyeing to exit FY24 with credit growth of 25-30%, with growth delivery at the upper end of the guided band.</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.

The bank has continued to deliver a strong performance both on the advances and deposit growth in H1FY24.In the provisional update released by the bank for Q3FY24, advances growth was robust at 32/5% YoY/QoQ, while deposit growth was steady at 39/5% YoY/QoQ.Equitas continues to see healthy demand across products and is eyeing to exit FY24 with credit growth of 25-30%, with growth delivery at the upper end of the guided band.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. - 23 JANUARY 2024

We interacted with the team at Equitas Small Finance Bank (EQSFB) to understand the growth roadmap for the bank over the medium term as the bank looks to roll out new products to support growth and harbours ambitions to transition into a universal bank from a small finance bank.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.

We interacted with the team at Equitas Small Finance Bank (EQSFB) to understand the growth roadmap for the bank over the medium term as the bank looks to roll out new products to support growth and harbours ambitions to transition into a universal bank from a small finance bank.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: New Products to Support Growth, 2% RoA Deliverable!

<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

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)

Result Update - Equitas Small Finance Bank Ltd

Disbursements de-grew by 4/1% YoY/QoQ, with slower disbursements across most segments. Advances growth was healthy at 32/5% YoY/QoQ.

Axis Direct

Pick of the Week - Equitas Small Finance Bank Ltd. - 23 JANUARY 2024

Equitas continues to see healthy demand across products and is eyeing to exit FY24 with credit growth of 25-30%, with growth delivery at the upper...

Axis Direct

Equitas Small Finance Bank: New Products to Support Growth, 2% RoA Deliverable!

We maintain our BUY recommendation on the stock with a revised target price of Rs 125, implying an upside of 15% from CMP.

Axis Direct

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

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