Equitas Small Finance Bank shines on reporting 59% rise in Q4 net profit

Equitas Small Finance Bank is currently trading at Rs. 76.35, up by 3.50 points or 4.80% from its previous closing of Rs. 72.85 on the BSE.

Equitas Small Finance Bank
Equitas Small Finance Bank

The scrip opened at Rs. 75.40 and has touched a high and low of Rs. 78.35 and Rs. 74.80 respectively. So far 671851 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 78.35 on 08-May-2023 and a 52 week low of Rs. 37.50 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 78.35 and Rs. 68.95 respectively. The current market cap of the company is Rs. 8461.58 crore.

The Institutions holding in the company stood at 65.66%, while Non-Institutions held 34.34%.

Equitas Small Finance Bank has reported 59.02% rise in its net profit at Rs 190.04 crore for fourth quarter ended March 31, 2023 as compared to Rs 119.51 crore for the same quarter in the previous year. Total income of the bank increased by 33.57% at Rs 1,394.42 crore for Q4FY23 as compared to Rs 1,043.98 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported over 2-fold jump in its net profit at Rs 573.59 crore as compared to Rs 280.73 crore for the previous year. Total income of the bank increased by 20.87% at Rs 4,831.46 crore for year under review as compared to Rs 3,997.23 crore for year ended March 31, 2022.