Equitas Small Finance Bank Ltd

- No immediate capital raise is planned for the first half of the next financial year; the bank expects to be comfortable with existing capital through various capital conservation initiatives and internal accruals. - Capital conservation steps include IBPC (stands at INR2,000 crores), CGTMSE guarantees on vehicle finance (about INR1,690 crores), and growth in products with lower risk weights (e.g., gold loans, affordable housing). - The bank’s internal guideline is to start considering capital raise once capital adequacy touches around 20%, but they prefer to keep capital adequacy above 18%. - A review for possible capital raising will likely occur in the second half of the next financial year based on growth and capital adequacy status. - The objective is to postpone capital raising as long as possible without compromising growth, given current market conditions.

Based on the transcript provided, there is no explicit mention of current or future capex, capital investment, or strategic investment plans by Equitas Small Finance Bank Limited. The discussion mainly focuses on: - Capital adequacy and conservation strategies without immediate plans to raise fresh capital in the near term. - Leveraging capital-saving instruments like CGTMSE for vehicle finance to optimize capital requirements. - Focus on growth strategies in used commercial vehicle and microfinance portfolios. - No specific disclosures about capex or strategic investments; emphasis is on managing capital prudently and postponing any capital raise unless capital adequacy falls below internal thresholds. Thus, no concrete current or future capex or strategic investments are disclosed in the provided pages.

- Loan growth for FY '27 is expected to be between 20% and 25%, definitely above 20% (Page 18). - Small Business Loans (SBL) disbursement targeted to increase with advance growth of 20%+ for next year (Page 17). - Microfinance (MFI) portfolio, after turning positive, expected to stabilize around 9-10% of total advances, supporting steady growth (Pages 12, 13). - Used commercial vehicles and used car segments are focus areas with strong growth recorded (23%-36% YoY in prior quarters) and planned increase in disbursements (Pages 5, 13). - Vehicle finance growth driven mainly by used CV and cars; no plans to scale up new commercial vehicles (Page 13). - Deposit growth expected to be 2%-3% higher than loan growth, supporting advances increase (Page 18). - Overall stable NIM expected with possible slight improvement; credit costs to decline to 1.5%-1.7% in FY '27 aiding profitability (Pages 17, 18).

- Advances growth expected at 20%-25% for FY '27, up from about 15% for the current year (Page 10, 15). - ROA targeted to exit FY '27 at around 1.5%, improving from around 0.65%-0.8% in Q3 FY '26 (Pages 10, 17). - Cost-to-income ratio aimed to reduce from ~70% (excluding one-offs) to around 65% by Q4 FY '27, driven by business growth (Page 17). - Credit cost expected to improve, declining to between 1.5%-1.7% for FY '27 (Page 17). - Improved internal accruals and stable capital adequacy to support growth without immediate capital raising in H1 FY '27 (Pages 15, 17). - Microfinance segment stabilizing at ~10% contribution, supporting NIM and earnings stability (Pages 12, 15). - Other profitable segments like used car and affordable housing expected to contribute positively going forward (Page 12).

The provided pages from the Equitas Small Finance Bank Limited earnings call transcript do not mention any details or figures related to the bank's current or expected order book or pending orders. The discussion primarily focuses on: - Portfolio quality and asset performance, particularly in Commercial Vehicles (CV) and Microfinance. - Credit growth and deposit growth projections for FY '27 (20%-25% loan growth targeted). - Cost of funds, deposit costs, and NIM trajectory. - Operational expenses and cost-to-income ratio targets. - Capital adequacy and plans for capital raising. - Microfinance direct assignment transaction details. - General business updates, including geographic diversification and new product initiatives. No information specific to order book or pending orders is disclosed in the provided transcript excerpts.