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 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.

<ul><li>Q3FY23 Recap: EQSFB reported a strong operational performance, registering a robust disbursement growth of 68/25% YoY/QoQ, which was primarily driven by non-MFI disbursement growth of 87/20% YoY/QoQ.</li><li>Healthy disbursement growth translated into an advances growth of 27/9% YoY/QoQ.</li><li>Margins remained stable at 9% as NII growth was healthy at 20/6% 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.

Q3FY23 Recap: EQSFB reported a strong operational performance, registering a robust disbursement growth of 68/25% YoY/QoQ, which was primarily driven by non-MFI disbursement growth of 87/20% YoY/QoQ.Healthy disbursement growth translated into an advances growth of 27/9% YoY/QoQ.Margins remained stable at 9% as NII growth was healthy at 20/6% 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.

Equitas Small Finance Bank Ltd. - Pushing the Growth Pedal, Ripe for Re-Rating!

<ul><li>Demand across products remains healthy – The management has indicated that the demand across products remains healthy and is likely to sustain with Small Business Loans (SBL), Affordable Housing (AFH), Microfinance (MF) and Commercial Vehicles (CV) being the key growth drivers. Thus, supported by credit demand tailwinds, the management expects to clock an advances growth of 25%+ in FY23.</li><li>We believe EQSFB’s addressable market remains fairly large, offering the bank ample opportunities to ensure sustainable growth.</li><li>We expect EQSFB’s advances to register a healthy growth of 27% CAGR over FY23-25E.</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.

Demand across products remains healthy – The management has indicated that the demand across products remains healthy and is likely to sustain with Small Business Loans (SBL), Affordable Housing (AFH), Microfinance (MF) and Commercial Vehicles (CV) being the key growth drivers. Thus, supported by credit demand tailwinds, the management expects to clock an advances growth of 25%+ in FY23.We believe EQSFB’s addressable market remains fairly large, offering the bank ample opportunities to ensure sustainable growth.We expect EQSFB’s advances to register a healthy growth of 27% CAGR over FY23-25E.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 - Strong Quarter; Ripe For Re-Rating!

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. - 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

Equitas Small Finance Bank Ltd. - Pushing the Growth Pedal, Ripe for Re-Rating!

Healthy disbursement growth translated into an advances growth of 27/9% YoY/QoQ. Margins remained stable at 9% as NII growth was healthy at 20/6%...

Axis Direct

Equitas Small Finance Bank Ltd - Strong Quarter; Ripe For Re-Rating!

We believe EQSFB’s addressable market remains fairly large, offering the bank ample opportunities to ensure sustainable growth.

Axis Direct

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