The investment company’s total revenue increased to Rs 718 crore this quarter from Rs 593 crore in the March quarter last year.
As per a statement by the company, advances grew 44% year-on-year to Rs 11,835 crore, and the net interest income grew 34% from the same quarter last year when it was Rs 333 crore.
Small business loans have seen 60% growth at Rs 4,703 crore compared to previous year.
In a statement, Equitas Holdings said it adopted Indian Accounting Standards for the first time in the fiscal year 2019.
News credit : Indiatimes