{"id":150447,"date":"2023-07-28T11:48:41","date_gmt":"2023-07-28T15:48:41","guid":{"rendered":"https:\/\/44.250.171.167\/?p=150447"},"modified":"2023-07-28T11:48:43","modified_gmt":"2023-07-28T15:48:43","slug":"equitas-small-finance-bank-ltd-q1fy24-97-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/equitas-small-finance-bank-ltd-q1fy24-97-rise-in-profits\/","title":{"rendered":"Equitas Small Finance Bank Ltd Q1FY24; 97% rise in Profits"},"content":{"rendered":"<p>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 &amp; diversified into vehicle &amp; housing finance in 2011. Also entered into SME &amp; LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd &amp; Equitas Housing Finance Ltd &amp; formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank.<\/p>\n<p><strong>Financial Results:<\/strong><\/p>\n<ul>\n<li>Equitas Small Finance Bank Ltd reported Revenues for Q1FY24 of \u20b91,254.00 Crores up from \u20b9940.00 Crore year on year, a rise of 33.4%.<\/li>\n<li>Total Expenses for Q1FY24 of \u20b91,173.00 Crores up from \u20b9947.00 Crores year on year, a rise of 23.86%.<\/li>\n<li>Consolidated Net Profit of \u20b9191.00 Crores up 96.91% from \u20b997.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b91.72, up 123.38% from \u20b90.77 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-386-839x1024.png\" alt=\"\" class=\"wp-image-150449\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-386-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-386-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-386-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-386-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-386.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*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.<br>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; diversified into vehicle &amp; housing finance in 2011. Also entered into SME &amp; LAP in 2013. It merged with the other two subsidiaries [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[151],"class_list":["post-150447","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":167631,"url":"https:\/\/alphastreet.com\/india\/equitas-small-finance-bank-ltd-q3fy25-73-rise-in-profits\/","url_meta":{"origin":150447,"position":0},"title":"Equitas Small Finance Bank Ltd Q3FY25; 73% rise in Profits","author":"Divyansh_Kasana","date":"March 28, 2025","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/J-6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/J-6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/J-6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/J-6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/J-6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/J-6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155124,"url":"https:\/\/alphastreet.com\/india\/equitas-small-finance-bank-ltd-q2fy24-71-rise-in-profits\/","url_meta":{"origin":150447,"position":1},"title":"Equitas Small Finance Bank Ltd Q2FY24; 71% rise in Profits","author":"Divyansh_Kasana","date":"October 20, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-67.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-67.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-67.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-67.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-67.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-67.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166113,"url":"https:\/\/alphastreet.com\/india\/equitas-small-finance-bank-ltd-q2fy25-14-fall-in-profits\/","url_meta":{"origin":150447,"position":2},"title":"Equitas Small Finance Bank Ltd Q2FY25; 14% fall in Profits","author":"Divyansh_Kasana","date":"December 18, 2024","format":false,"excerpt":"Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. 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The bank reported profit after tax (PAT) of \u20b990 crore in\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134676,"url":"https:\/\/alphastreet.com\/india\/equitas-small-finance-bank-ltd-a-hidden-gem\/","url_meta":{"origin":150447,"position":4},"title":"Equitas Small Finance Bank Ltd: A Hidden Gem?","author":"Karan_Singh","date":"October 14, 2022","format":false,"excerpt":"Stock DataTickerEQUITASBNKExchangeNSE & BSEIndustryBANKING Price PerformanceLast 5 Days-3.67%YTD-18.32%Last 12 Months-27.14% \u201cOur fee income has been robust. We had a very strong growth in our liabilities and our asset quality has been consistently improving. Our advances excluding the restructured loans are behaving normally and almost all the parameters of performance, the\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1062103374.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1062103374.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1062103374.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1062103374.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":143508,"url":"https:\/\/alphastreet.com\/india\/does-equitas-banks-overdraft-facilities-give-it-a-competitive-advantage\/","url_meta":{"origin":150447,"position":5},"title":"Does Equitas Bank&#8217;s Overdraft Facilities Give It A Competitive Advantage?","author":"Hardik Bhandare","date":"March 31, 2023","format":false,"excerpt":"\u201cAs per RBI's estimate, the next year inflation is expected to further moderate to around 5.3%, combined with a fairly strong robust GDP growth expected of around 6.4%. The strong growth in system credit has intensified the competition for deposits, which has led to an increase in deposit rates for\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/8d54de62-75f6-4cc5-bbde-28f98361827b-1-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/8d54de62-75f6-4cc5-bbde-28f98361827b-1-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/8d54de62-75f6-4cc5-bbde-28f98361827b-1-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/8d54de62-75f6-4cc5-bbde-28f98361827b-1-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/8d54de62-75f6-4cc5-bbde-28f98361827b-1-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/8d54de62-75f6-4cc5-bbde-28f98361827b-1-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/150447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1917"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=150447"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/150447\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=150447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=150447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=150447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}