ESAF Small Finance Bank posts Rs 160 crore Q2 profit as asset quality improves
A quarterly results development with market-wide reach.
· Economic Times Markets, ET Stocks
ESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period. Improved margins, lower provisions and stronger asset quality supported the turnaround, while advances and deposits grew 25% and 24%, respectively.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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