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Equitas Holdings consolidated Q1 net jumps over 100 per cent

Press Trust of India  |  Chennai 

: Equitas Holdings Ltd Friday clocked over 100 per cent jump in its consolidated net profit for the April-June quarter to Rs 70.27 crore as against Rs 29.38 crore during the same period last year.

For the full year ending March 31, 2019, the consolidated net profit of the city-based company was Rs 176.57 crore.

The total revenue for the quarter under review on a consolidated basis grew to Rs 665.04 crore from Rs 533.07 crore registered year ago.

The consolidated total revenue stood at Rs 2,358.53 crore for the year ending March 31, 2019.

Equitas Holdings Ltd has wholly owned subsidiaries - Equitas Small Finance Bank ltd and Equitas Technologies Pvt Ltd.

In a statement, the bank said its deposits grew by 52 per cent year-on-year to Rs 8,670 crore while CASA ratio was at 26 per cent.

The advances grew by 38 per cent to Rs 12,355 crore on a year-on-year basis, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 02 2019. 19:00 IST