Equitas Holdings reports Rs 84crore profit for March quarter
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