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 Q3FY25 of ₹765.00 Crores down from ₹868.00 Crore year on year, a fall of 11.87%.
Total Expenses for Q3FY25 of ₹678.00 Crores down from ₹827.00 Crores year on year, a fall of 18.02%.
Consolidated Net Profit of ₹109.00 Crores up 73.02% from ₹63.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹1.93, up 70.80% from ₹1.13 in the same quarter of the previous year.
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