Equitas Holdings Q2FY18 standalone net profit rises 11.5% yoy

India Infoline Research Team | October 26, 2017 17:40 IST

Equitas Holdings Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
NII 3.4 1.2
Net Profit (adjusted) 1.4 11.5

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Buy

Reco. Price

154.1

Last updated on

10-Oct-2017


Equitas Holdings Ltd reported its standalone Q2FY18 results.

Equitas Holdings NII for the quarter increased by 1.2% yoy to Rs. 3.4 crore. Its interest earned reported a 1.2% increase yoy while its interest expended was nil.

Its Employee expenses increased yoy by 400% to 0.35 crore. Provisions for the quarter stood at Rs. 0.48 crore.

Net profit for the quarter increased by 11.5% to Rs. 1.4 crore while that in previous year corresponding quarter was Rs. 1.2 crore.



Technical View:

Equitas Holdings Ltd ended at Rs. 146.10, down by 4.55 points or 3.02% from its previous closing of Rs. 150.65 on the BSE.
The scrip opened at Rs. 149.55 and touched a high and low of Rs. 152.90 and Rs. 145.50 respectively. A total of 47,86,474(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 139.45 [0.15] ([0.11]%)
NSE 139.60 0.15 (0.11%)

***Note: This is a NSE Chart

 

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