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Equitas Holdings Q2 net jumps over 4-times at Rs 50 crore

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Press Trust of India New Delhi
Last Updated : Nov 02 2018 | 8:50 PM IST

Equitas Holdings Friday reported a more than four times jump in consolidated net profit at Rs 49.70 crore in the July-September quarter of 2018-19.

The company's net profit in year ago period stood at Rs 10.9 crore.

Equitas said it posted healthy advances growth during the quarter, rising by 36 per cent from a year ago to Rs 9,981 crore.

The net interest income were up 22 per cent at Rs 277 crore. The net interest margin were stable at 7.7 per cent.

Equitas Holdings is a non-deposit taking systematically important -core investment company and is involved in making investment in subsidiary companies -- Equitas Small Finance Bank and Equitas Technologies Pvt Ltd.

Shares of the company closed 1.32 per cent down at Rs 111.90 on BSE.

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First Published: Nov 02 2018 | 8:50 PM IST

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