Equitas Holdings reported 53.6% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs1,133.23cr. There was a sharp growth in interest income on lending as well as fee income. The company also recorded higher gains from fair value changes. But the top line got a huge Rs157cr boost from the sale of stake in Equitas Small Finance Bank, which was mandatorily required under the RBI regulations.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 200.82% at Rs236.11cr. Thanks to cost control measures, the company kept a leash on other expenses. But the big contributor to profits was the boost from the profit the company made on the sale of its Equitas SFM stake. This gave the PAT margins a big boost from 10.64% in Dec-19 to 20.84% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Equitas Holdings |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 1,133.23 |
₹ 737.80 |
53.60% |
₹ 871.33 |
30.06% |
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Net Profit (Rs cr) |
₹ 236.11 |
₹ 78.49 |
200.82% |
₹ 101.14 |
133.45% |
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Diluted EPS (Rs) |
₹ 7.36 |
₹ 2.25 |
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₹ 3.10 |
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Net Margins |
20.84% |
10.64% |
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11.61% |
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