ESAF Small Finance Bank Q2 FY27 Results: Standalone Net Profit ₹160 Crore on Total Income of ₹1,388 Crore

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit rose faster than total income. Net profit went from ₹80 crore in the June quarter to ₹160 crore, a rise of 100.0%, while total income rose 3.1%. Profit before tax was ₹215 crore against a loss of ₹155 crore a year earlier, and tax expense was ₹54 crore, or 25.3% of profit before tax.

Other income of ₹213 crore is 99.5% of profit before tax of ₹215 crore, so the quarter's pre-tax result sits close to the level of other income. Other income fell 14.1% from the June quarter, while finance costs rose 3.5% to ₹531 crore, equal to 38.3% of total income.

The bank's gross NPA ratio was 2.84% at 30 Sep 2026, against 5.40% at 30 Jun 2026 and 8.54% a year earlier. Net NPA ratio was 0.34%, and the capital adequacy ratio was 24.14%. The notes give an additional contingency provision on standard assets of ₹17.45 crore, against ₹31.05 crore a year earlier.

Inference

The filing says the Board approved the results on 29 Oct 2026, and the Joint Statutory Auditors issued a limited review report with an unmodified conclusion. The bank raised Tier II capital of ₹85.00 crore in the half year and allotted 1,68,506 equity shares in the quarter under its employee stock option scheme. No dividend was paid in the half year.

The Board has recommended re-appointment of George Kalaparambil John as Whole Time Director for three years from 18 May 2027 to 17 May 2030, subject to RBI approval. The filing does not state the reason for the Tier II borrowing or its terms, nor the reason for the fall in the gross NPA ratio.

Reference: Original filing (PDF)