MUMBAI, 10 AUGUST, 2020 (GPN): Equitas Holdings Limited on Monday reported a 25.3 per cent decline in its consolidated net profit to Rs 52.48 crore in first quarter ended June of this fiscal. Its net profit was Rs 70.27 crore in the same quarter a year ago.
Total income of the company, however, rose to Rs 787.09 crore during the quarter under review from Rs 662.52 crore in the same period of 2019, it said
in a BSE filing.
Sequentially, its income fell from Rs 802.86 crore in the March 2020 quarter.
Interest income during the April-June 2020 quarter rose to Rs 761 crore from Rs 627.25 crore in the same period a year ago.
On listing of its subsidiary Equitas Small Finance in share markets, Equitas Holding said it was in the process of completing the initial public offer (IPO) of shares.
However due to the Covid-19 global pandemic and consequent lockdowns across the country, the completion of the listing process and the IPO of shares have been delayed. ENDS
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