Equitas Holdings Ltd: Q1FY18 Results
DSIJ Intelligence / 29 Jul 2017
The company registered NII growth of 2.2% QoQ to Rs 3.3 crore for Q1FY18. Its NII for the quarter ended March 31 2017 was Rs 3.23 crore.
Equitas Holdings Ltd reported its standalone financial results for the quarter ended June 30, 2017.
The company registered NII growth of 2.2% QoQ to Rs 3.3 crore for Q1FY18. Its NII for the quarter ended March 31 2017 was Rs 3.23 crore.
The company's net profit for the quarter declined 39.8% QoQ to Rs 1.09 crore.
Its tax expense and employee expense declined QoQ by 7% and 11% and stood at Rs 0.67 crore and Rs 0.41 crore, respectively.
Equitas Holdings Ltd is engaged in the businesses through its subsidiaries: Equitas Micro Finance Limited (EMFL), Equitas Finance Limited (EFL), Equitas Housing Finance Limited (EHFL), and Equitas Technology Private Limited (ETPL). The company's business segments include micro finance, other finance and others.
The company also provides loans to subsidiaries and corporate guarantees for the borrowings of subsidiaries from banks and institutions.
Upon announcement of result, stock closed at Rs. 167.8 after touching intra-day high of Rs 169.8
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