Whalesbook
ESAF Small Finance Bank ne apna business update share kiya hai aur numbers toh kacche lag rahe hain! Year-on-year dekha jaaye toh total deposits 11.05% badh kar ₹25,850 crore ho gayi hain, jisme term deposits ka share 12.43% badha hai. Aur loans yaani gross advances bhi 19.42% jump kar ke ₹22,426 crore par pahunch gaye hain. Iska bada reason hai retail aur other secured loans mein 37.88% ki zabardast tezi, jo ab bank ke portfolio ka 61% ban gaya hai. Bank ne 8.01 lakh naye customers bhi add kiye hain, jisse total customers 1.02 crore ho gaye hain aur branches 804 hain.
Toh phir profit pressure kyun?
Asal mein, ESAF ka CASA ratio thoda gir kar 23.91% ho gaya hai (pehle 24.84% tha). Iska matlab hai ki bank ab costly term deposits par zyada depend kar raha hai, jisme interest zyada dena padta hai. Yeh sector mein chal rahe margin pressure ko aur badha raha hai. Is wajah se bank ki profitability par sawaal uth rahe hain.
Stock Ka Kya Scene Hai?
Jo investors ESAF mein paisa lagaye hue hain, unke liye thodi chinta ki baat hai. Stock Friday ko 3% badha tha, lekin saal ki shuruaat se ab tak lagbhag 15% neeche gir chuka hai. Isse bhi badi chinta hai ki bank ka P/E ratio negative hai, jo -3.25 se -3.47 ke beech hai. Matlab company pichhle 12 mahino mein profitable nahi rahi hai ya bahut kam earnings hui hai.
Dusre Banks Se Comparison
Market experts ESAF ko AU Small Finance Bank, Ujjivan Small Finance Bank aur Equitas Small Finance Bank se compare kar rahe hain. Sector mein loan growth toh 18-20% expected hai, par margin kam hone aur asset quality issues ki wajah se sabhi SFBs profit ko lekar struggle kar rahe hain. ESAF ke liye consistently profit banana ek challenge bana hua hai.
Future Outlook
Bank ko apna secured lending strategy aur customer base badhana hoga. Agar woh funding mix ko control kar paate hain aur asset quality theek rakhte hain, toh future mein situation theek ho sakti hai. Lekin abhi market thoda cautious lag raha hai.