Equitas Holdings net profit at Rs 97 crore

Equitas Housing Finance Ltd, which has recently completed its IPO, has posted a net profit of Rs 97 lakh during six months ended March 31,2016, as compared to Rs 1.44 crore posted during the same period of previous fiscal year. The total income grew to Rs 19.71 crore during the six months as against Rs 15.06 crore during the corresponding period of previous fiscal year, an increase of 31 per cent.

During the year ended March 31, 2016, the company has reported a net profit of Rs 2 crore, as compared to Rs 2.20 crore during the previous fiscal year, a decline of 9 per cent. The total income witnessed a growth to Rs 36.56 crore during the year, as compared to Rs 25.66 crore during the previous fiscal year, registering a growth of 42.4 per cent.