The shares of this Small-cap company gained up to 4 percent after the company’s net profit grew by 143.35 percent in the second quarter result.
ESAF Small Finance Bank Ltd is a Small-cap with a market capitalization of Rs 3,582.87 Crore. On Monday, the shares were trading at Rs 69.60 a share, an increase of 4 percent from the previous close price.
Looking at the company’s performance, ESAF Small Finance Bank Ltd’s revenue increased by 3.07 percent on a quarter-on-quarter basis from Rs. 991.7 crores in Q1FY24 to Rs.1,022.2 crores in Q2 FY24. Further, revenue increased by 36 percent year on year from Rs. 753.1 crores in Q2FY23 to Rs.1,022 crores in Q2FY24.
ESAF Small Finance Bank Ltd’s net profit increased by 8 percent on a quarter-on-quarter basis from Rs. 129.96 crores in Q1FY24 to Rs. 140.12 crores in Q2FY24. Further, net profit increased by 143 percent year on year from Rs. 57.58 crores in Q2FY23 to Rs.140.12 crores in Q2FY24.
ESAF Small Finance Bank Ltd reported an increase in return ratios from the previous financial year, a return on equity (ROE) increase from 3.97 percent to 19.41 percent, and a return on capital employed (ROCE) increase from 5.07 percent to 12.42 percent.
ESAF Small Finance Bank Ltd’s recent shareholding pattern, The Promoters of the company owns 63.39 percent while Retail shareholders own a 21.93 percent stake in the company and Foreign Institutional Investors own a 21.93 percent stake.
Small loans and banking services are offered to the underbanked by ESAF Small Finance Bank, an Indian small finance bank.
Written by:- Abhishek Singh
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