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 Q2FY24 of ₹1,359.00 Crores up from ₹1,002.00 Crore year on year, a rise of 35.63%.
Total Expenses for Q2FY24 of ₹1,273.00 Crores up from ₹995.00 Crores year on year, a rise of 27.94%.
Consolidated Net Profit of ₹198.00 Crores up 70.69% from ₹116.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹1.77, up 90.32% from ₹0.93 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.
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