Banks
Banks - Small Finance
from 73 today
Equitas SFB delivered a healthy Q1FY27 with robust gross advances growth and improved asset quality, reinforcing our positive stance on the turnaround. We roll forward our valuation to 1HFY29E, maintain our target multiple of 1.2x, arrive at a revised target price of Rs87, and reiterate our BUY rating.
Equitas Small Finance Bank reported an in-line operating performance with PAT of INR 1.8bn, ahead of estimates due to higher other income. We maintain our BUY rating with a revised target price of INR 87 based on 1.2x 1HFY29 BV.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
