Equitas Small Finance Bank shares slammed 25.3% from ₹69.65 to ₹52.04, hitting the 20% lower circuit after MD‑CEO P N Vasudevan stepped down.
The bank posted net profit of ₹218 crore in Q2, a staggering 907% rise from ₹24 crore in the same period last year, per the November filing.
Net interest income climbed 32.6% YoY to ₹1,026 crore, while operating profit dipped 0.7% QoQ to ₹402 crore, and tax expense surged to ₹69.34 crore from ₹9.4 crore a year earlier.
Gross NPA fell 0.13 percentage points to 2.29%, and net NPA edged down to 0.7%, underscoring tighter asset quality management.
On the board front, Anil Kumar Sharma was reappointed as part‑time chairman for another three‑year term, subject to RBI approval.
Investors now eye the bank’s upcoming guidance for Q3 and the regulatory endorsement of the leadership transition, while analysts adjust price targets in light of the volatility.