It earned a net profit of Rs 43.4 crore in the year ago period.
Its pre-provision operating profit stood 68% lower at Rs 91 crore against Rs 285 crore in the year-ago quarter as total income declined 10% at Rs 1037 crore as compared with Rs 1152 crore. At the same time expenditure rose 9% at Rs 946 crore over Rs 867 crore.
The bank ended the fiscal 2024-25 with an annual loss of Rs 521 crore as compared with a net profit of Rs 426 crore in the preceding fiscal. Operating profit for the full year stood sharply lower at Rs 615 crore against Rs 1163 crore.
The lender ended the fiscal with a gross non-performing assets ratio of 6.87%, marginally down from 6.96% three months back while it was sharply higher from 4.76% seen a year back.
ESAF’s capital adequacy ratio stood at 21.84%, well above the minimum regulatory stipulation.