Equitas Bank Q2 profit jumps to Rs 218 crore; half year turns profitable
EQUITASBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 20.9 pts less than Nifty Microcap 250 and 22.8 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved unaudited September quarter and half year results. Q2 total income rose 27.7% year on year to Rs 2,357.51 crore and PAT to Rs 218.04 crore from Rs 24.14 crore. For the half year, income rose 20.8% to Rs 4,573.01 crore and PAT was Rs 401.65 crore versus a Rs 199.63 crore loss. Operating cash flow was negative Rs 80.93 crore. Gross NPA was 2.92%, net NPA 0.72% and capital adequacy 20.92%. The auditor review was unmodified.
Strong income growth and the return to profit support sentiment, though negative operating cash flow and higher NPA ratios may limit gains.