Equitas Down By Around 5.2% Owing To Q4 Results

The Equitas Holdings Limited stock has declined by around 5.2% at Rs 151.65 per share in the morning hours on Monday. The stock’s fall may be attributed to the weak quarterly results recently reported by the company. The stock’s open interest witnessed addition by around 5%. There is strong short built up position seen in the stock.

The stock attracted the traded volume of around 20,74,374 shares as of 0944 hours on Monday.

The net interest income increased by 30% on a YoY basis to Rs 221.4 Cr for quarter ended March 31, 2017, as against Rs 170.3 Cr for the corresponding quarter last year. The profit after tax [PAT] fell by 85.2% to Rs 6.9 Cr for Q4FY17, against Rs 46.8 Cr for the corresponding quarter last year.

The consolidated advances under management [AUM] stood at Rs 7,176 Cr as of March 31, 2017, witnessing the growth of 17.2% on YoY basis despite fall in disbursements in Q3 & Q4 of the financial year 2017.

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About Suhani Varma

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