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:
- Equitas Small Finance Bank Ltd reported Revenues for Q1FY24 of ₹1,254.00 Crores up from ₹940.00 Crore year on year, a rise of 33.4%.
- Total Expenses for Q1FY24 of ₹1,173.00 Crores up from ₹947.00 Crores year on year, a rise of 23.86%.
- Consolidated Net Profit of ₹191.00 Crores up 96.91% from ₹97.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.72, up 123.38% from ₹0.77 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.