Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank.
Financial Results:
Exide Industries Ltd reported Revenues for Q2FY25 of ₹4,450.00 Crores up from ₹4,372.00 Crore year on year, a rise of 1.78%.
Total Expenses for Q2FY25 of ₹4,158.00 Crores up from ₹4,043.00 Crores year on year, a rise of 2.84%.
Consolidated Net Profit of ₹233.00 Crores down 13.7% from ₹270.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹2.72, down 14.20% from ₹3.17 in the same quarter of the previous year.
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