Equitas Holdings | Investor CDC Group PLC reduced stake in the company to 5.23 percent from 7.84 percent via open market sale.
Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects Equitas Holdings to report net profit at Rs. 70.5 crore up 22.3% year-on-year (down 37.5% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15.8 percent Y-o-Y (up 4.4 percent Q-o-Q) to Rs. 468.2 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 51.9% Y-o-Y (down 13.7 percent Q-o-Q) to Rs. 215.7 crore.
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