Equitas Holdings net jumps 28% to Rs 47 crore in Q4

Financial services firm Equitas Holdings, which went public last month, today announced a 28 per cent growth in net profit to Rs 46.8 crore in the three months to March.
Total income rose 49 per cent to Rs 320.2 crore in the fourth quarter from Rs 215.3 crore in the corresponding period last year.
This is the first quarterly earnings the company is reporting since becoming a publicly traded company last month after a successful IPO that mopped up Rs 720 crore.
Its asset grew 53 per cent to Rs 6,125 crore for the full year, driven by healthy disbursements in microfinance, used commercial vehicle finance and micro enterprise loans.

Total income rose 47 per cent to Rs 1,114.9 crore for the full year as against Rs 755.9 crores a year ago, while the net income jumped 57 per cent to Rs 167.1 crore, said Company Managing Director P N Vasudevan in a statement.