Strong September quarter profit, but half-year operating cash flow is negative
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 4.3 pts more 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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Total income rose 27.7% year on year to Rs 2,357.51 crore and net profit jumped to Rs 218.04 crore from Rs 24.14 crore. Half-year net profit was Rs 401.65 crore versus a Rs 199.63 crore loss. Half-year operating cash flow was negative Rs 3,315.83 crore, while borrowings rose to Rs 6,885.81 crore from Rs 3,452.30 crore. Capital adequacy was 20.92%, and the limited review report was unmodified.
Profit growth and a 20.92% capital ratio may support the stock, but negative operating cash flow and higher borrowings warrant caution.